Funding Rate of #ETH for perpetual futures contracts has recently fallen from its previous high, which is a shift from bullish to bearish.
The decline in both Funding Rate and Ethereum price below $2,700 is a clear sign of a change in market sentiment
=> Shows that many traders are betting on a decline.
History shows that Funding Rate often acts as a good indicator of market sentiment. During BULLISH periods (like the 2021 bull run), Funding Rate has been high as more people bet on prices continuing to rise.
During bearish periods, like mid-2022 and some points in 2023, Funding Rate has turned negative, indicating bearish sentiment and an increase in short positions.
