Ethereum Shows Positive Trend as Funding Rate Peaks on Binance

Ethereum’s derivatives market indicates a promising outlook, as current data from CryptoQuant reveals Binance‘s funding rate nearing 0.01%, with Ethereum’s price maintaining levels above $2,400. This situation suggests a growing demand for leveraged long positions, accompanied by an increased risk of liquidations in the short term.

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Source: https://en.bitcoinhaber.net/ethereum-shows-positive-trend-as-funding-rate-peaks-on-binance