As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health. However, they also caution that a lack of funding rates across exchanges means low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest Rally Shows Structural Strength According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Ethereum’s funding rates across exchanges are relatively muted when compared to the digital asset’s last three major highs. Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply Crunch And ETF Momentum For instance, during the first major high in early 2024, ETH funding rates across crypto exchanges had surged to 0
source: https://www.newsbtc.com/news/ethereum/ethereum-leverage-overheating-structural-health/