Ethereum Leaves Bitcoin Behind, But Is This Rally Sustainable?
Summary
Ethereum's recent rally has seen a 7% jump in the past week, reaching a peak of $3,130 before settling around $3,100. The positive ETH funding rate in the futures market indicates a bullish sentiment, with the 30-day SMA Ethereum funding rate not yet at extreme levels, suggesting the rally may continue. However, higher funding rates increase the likelihood of a long squeeze, posing a potential risk for Ethereum.
