Amid market fluctuations, can $ETH take up the banner for a rebound?
Ethereum (ETH) is up 1.6% over the past 24 hours. The funding rate is only +0.0029%, and the OI value is 5.61B USDT, indicating a balance between long and short forces in the market.
Exchange funding flow data shows that institutions are still on standby, with no sign of large-scale inflows or outflows. Ethereum may currently be in a bottoming phase, waiting for more signals to break through.
Data source: CoinGecko / Binance
#Market Analysis
Ethereum (ETH) is up 1.6% over the past 24 hours. The funding rate is only +0.0029%, and the OI value is 5.61B USDT, indicating a balance between long and short forces in the market.
Exchange funding flow data shows that institutions are still on standby, with no sign of large-scale inflows or outflows. Ethereum may currently be in a bottoming phase, waiting for more signals to break through.
Data source: CoinGecko / Binance
#Market Analysis