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The $3,000 support level of ETH remains unchanged, enabling the bullish activity and long positions to reappear.
The financing rate of 0.0092% reflects an increase in demand for long positions, consistent with the price rebound.
The increasing buying pressure in the futures market may push the altcoin towards the resistance level of $4,000.
The futures market for Ethereum shows signs of recovery after a pullback to the $3,000 level. The cooling off period in the futures market has sparked new interest among traders, indicating a possible bullish trend. The funding rate indicator is a reliable measure of market sentiment in futures trading, reflecting an increase in activity.
The $3,000 support level of Ethereum remains strong.
The price of ETH has fallen below the $3,000 support level, allowing bullish traders to re-enter the market. As market participants prepare for a potential trend reversal, this strength creates opportunities for long positions. The sustained $3,000 level is a key area, supporting buyers' renewed confidence in the Ethereum price trend.