Despite the ongoing market volatility, Ethereum's (ETH) price has managed to hold firm above $2,600, supported by a surge in the Ethereum funding rate. This development in the derivatives market indicates that investors are turning bullish, eyeing a rally to $3,000.
Popular blockchain analytics platform CryptoQuant reported a bullish shift in ETH price sentiment driven by increased funding rates. Investors are betting on significant gains in the near future as market dynamics change.
