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Ethereum Funding Rate Surge Signals ETH Price Rally to $3,000 Coingape 25 Sep 2024

Ethereum Funding Rate Surge Signals ETH Price Rally to $3,000 📈

Ethereum

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.

Source: coingape.com ↗

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