CryptoQuant Analyst: Ethereum funding rate hits multi-month high, rebound indicates bullish momentum but possible correction
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2024-12-10 01:32 9,721
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Golden Finance reported that CryptoQuant analyst ShayanBTC wrote that the Ethereum funding rate indicator of futures market sentiment has surged to the highest level in months, consistent with the sharp price rebound. This highlights strong bullish sentiment, with traders anticipating a new all-time high. However, the market may need to correct to maintain this momentum.