Ethereum ($ETH ) is moving sideways around 2,500, with accounts heavily skewed toward longs, while the price has barely moved in either direction. The current price is 2,505.46 USDT, up 0.33% over 24 hours, with a range of 2,496.03–2,519.51 and a volatility of just 0.9%. Spot trading volume is $448 million. The perpetual funding rate is -0.0019%, settled every 8 hours; open interest is about 2,327,941 ETH, or roughly $5.833 billion. The account long/short ratio is 2.96, while the top trader long/short ratio by position is 1.54. Retail accounts are more crowded on the long side than top traders, yet the funding rate remains negative. The 7-day high is 2,739.5 and the low is 2,406.11, putting the current price about 30% of the way through the range, still some distance from the high. The Fear and Greed Index is 61, in Greed territory. Separately, on-chain records show that an address linked to a Ledger event transferred 2,990 ETH to Tornado Cash. Next, watch whether 2,496.03 or 2,519.51 is breached, and whether the negative funding rate persists.
#Funding Rate