🚀🚀A Signal of a Big Rise in Ethereum: Futures Side at a Critical Turn! 🚀🚀

$ETH

The positive trend in funding rates in the Ethereum futures market gives hope to investors. CryptoQuant Research Director Julio Moreno stated that this increase shows that market participants are becoming more optimistic. Positive and increasing funding rates increase investors' willingness to open long positions and have historically been associated with price increases.

However, he also warned that this slight increase does not guarantee a sustainable price increase. Moreno said, “This increase in the 30-day moving average of funding rates is a positive sign.” According to Coinglass data, Ethereum's open interest-weighted funding rates have been positive since the US Federal Reserve's interest rate cut on September 18 and are currently at 0.0089%.

QCP Capital analysts stated that funding rates on major exchanges have started to improve and that this is due to the recent interest rate cut. “Funding rates on major exchanges are improving; especially with the recent interest rate cuts, base yields are becoming more attractive,” the analysts said. The continuous futures market is considered a barometer that significantly affects market sentiment and price trends and provides clues about investors’ expectations.

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