Matrixport: Due to the increase in open contracts and sluggish prices, the market is focusing on Ethereum's rebound
ChainCatcher message, Matrixport released a chart today stating that as the open interest and funding rates rise, traders are beginning to prepare for a potential rebound in Ethereum.
The current price is relatively low. When most of the market is focusing on Meme coins in the Solana ecosystem, increasing holdings in Ethereum seems particularly attractive. Futures traders are also constantly adjusting their strategies to seize this potential opportunity for an increase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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