Matrixport: Ethereum perpetual futures funding rate levels indicate that market sentiment is shifting, and traders are heavily long ETH

Odaily News Matrixport released the latest chart saying that the funding rate of Ethereum perpetual futures has 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. In addition, BlackRock CEO Larry Fink hinted that Ethereum's blockchain role may be significantly enhanced, reflecting that the market focus is shifting. BlackRock is currently not only focusing on Bitcoin, but also Ethereum as an important alternative to digital assets.