Ethereum Price Sees Strong Funding Rate Ahead of US Inflation Data
Ethereum's price is approaching a key technical inflection point as it trades at $1,880 after slipping about 0.3%.
The move has intensified its bearish prediction, despite derivatives data showing one of the strongest funding signals in months.
The 30-day simple moving average of Ethereum's perpetual funding rate on Binance has climbed to its highest level in six months.