CryptoQuant analyst: Ethereum funding rate hits multi-month high, rebound indicates bullish momentum but correction may occur

Bitget App

Trade smarter

Cointime2024/12/09 15:55

By:Cointime

CryptoQuant analyst ShayanBTC wrote that the Ethereum funding rate indicator in the futures market sentiment has skyrocketed to the highest level in months, which coincides with the sharp rebound in prices. This highlights strong bullish sentiment, with traders expecting to hit a new all-time high. However, the market may need to adjust to maintain this momentum.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops

Lock your assets and earn 10%+ APR

Lock now!

Quick Take Summary is AI generated, newsroom reviewed. Jim Cramer says September is “normally weak” for markets, sparking XRP price speculation. Crypto Twitter predicts XRP hitting $5, requiring a 78% surge from its current $2.81. Historical data shows no guaranteed September crash—average S&P 500 decline is modest. XRP’s legal status remains unsettled due to SEC lawsuit since 2020.References Reference on X

coinfomania•2025/09/09 03:09

Packaging company Eightco buys Altman-backed Worldcoin, stock price surges nearly 50 times in a single day

Eightco Holdings announced that it will implement a "first-of-its-kind" strategy to purchase Worldcoin, and has currently raised approximately 270 million USD in funds.

ForesightNews•2025/09/09 03:02