Bearish Signal For Ethereum: Funding Rates Hit New 2024 Lows—Is A Rally Still Possible?

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Zooming out and looking at the higher time frames; -100 week moving average -Key psychological support ($2000) Expecting a 10-20% bounce over next few weeks.pic.twitter.com/THPPc99oMf — Koroush AK (@KoroushAK) September 16, 2024 Notably, while negative funding rates often reflect a bearish market sentiment, they can also be early indicators of potential market recovery.

Ethereum Declining Funding Rates And Market Implications According to ShayanBTC, the 50-day moving average of Ethereum’s funding rates has been on a consistent downward trend, indicating a persistent bearish outlook among futures traders.

In the case of Ethereum, the current negative trend in funding rates highlights a lack of buying interest in the perpetual futures market.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United KingdomNorth Korea

Topics: Ethereum ETHUSDT Ethereum Market Cryptoquant Altcoin market Ethereum Analysis Crypto ETH Ethereum

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-17 @ 09:30:21 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 81 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22567320

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