Ethereum’s Futures Market Points To Potential Breakout—Here’s What You Need To Know

Quick Summary:

Futures Market Suggests Ethereum’s Price Breakout Is Near The funding rate in perpetual futures contracts is a crucial indicator that helps identify whether market participants are predominantly buying or selling Ethereum.

According to the analyst, for Ethereum to maintain its upward momentum, the funding rates will need to stay in positive territory, reflecting sustained demand in the futures market.

Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a potential price recovery based on recent data from its perpetual futures market.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

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

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 02:30:19 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 71 lines

Sentence Length: 6 words per sentence (average)

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Copyright Owner: © NewsBTC

News ID: 22715327

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