Ethereum Price Drops Below $1,900 Amid Weakened Funding Rates

Ethereum's price has slipped below $1,900, but it remains above its 20-day and 50-day EMAs. The Relative Strength Index (RSI) is around 55, indicating steady buying momentum without entering overbought territory.

US spot Ethereum exchange-traded funds (ETFs) have recorded net inflows for four consecutive trading sessions, with $14.9 million in inflows on Thursday alone. This suggests institutional demand remains resilient despite recent price weakness.

The Ethereum derivatives market has shown renewed momentum in recent days, but funding rates have weakened and turned negative at one point this week. A negative funding rate indicates growing bearish positioning and increased risk of sharp liquidations if prices move unexpectedly.