According to BlockBeats, on October 15, Matrixport released the latest chart, and the funding rate of Ethereum perpetual futures soared to an annualized 18%+, the highest level since May 2024. This shows that market sentiment is shifting, and traders are heavily long ETH before the US presidential election. After the price fell from $3,800 to $2,500, traders are now buying ETH at a more attractive price.
Additionally, BlackRock CEO Larry Fink hinted that Ethereum’s blockchain role could significantly increase, reflecting a shift in market focus. BlackRock is currently not only focusing on Bitcoin, but also sees Ethereum as an important digital asset alternative.
