Recent analysis of the Ethereum futures market reveals significant insights into its price movements. The Ethereum Funding Rates metric, which measures the aggressiveness of buyers versus sellers, has shown a consistent downward trend in recent months. This decline indicates a prevailing bearish sentiment, with minimal buying interest.

For Ethereum to recover and approach its all-time highs, there must be an increase in demand within the perpetual markets. If the current trend persists, further price declines are likely in the mid-term. However, the potential for market recovery remains, contingent on a shift in futures market sentiment.