Ethereum funding rate soars! Annualized 18%+, big market moves indicate bigger market trends?

Recently, the funding rate of Ethereum perpetual futures has soared directly to more than 18% annualized, reaching its highest level since May 2024. Market sentiment has obviously changed, especially with the approaching US presidential election, traders are frantically going long on ETH, seemingly ready for a big market.

Looking back, the price of ETH has fallen from $3,800 to $2,500, and is now being bought at a more attractive price. And BlackRock CEO Larry Fink recently made a big move, suggesting that Ethereum's blockchain role is about to explode! This is not a small fight. BlackRock not only focuses on Bitcoin, but now Ethereum has also become a heavyweight digital asset in their eyes.

The market focus is quietly shifting, the window of opportunity has opened, and smart funds are moving. What are you waiting for?

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