{"id":638580,"date":"2024-08-29T20:00:20","date_gmt":"2024-08-29T20:00:20","guid":{"rendered":"https:\/\/ktsl888.com\/?p=638580"},"modified":"2024-08-29T16:50:12","modified_gmt":"2024-08-29T16:50:12","slug":"ethereum-bearish-until-key-trading-reading-changes","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/ethereum-bearish-until-key-trading-reading-changes\/","title":{"rendered":"Ethereum Will Remain Bearish Until This Key Trading Reading Changes"},"content":{"rendered":"<p><span data-preserver-spaces=\"true\">Ethereum is steady at press time, as is<\/span> <span data-preserver-spaces=\"true\">visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">From price action, it would take effort for bulls to take charge in the short term. A convincing high volume close above $3,500 would signal a rapid trend shift beneficial for holders.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Will Ethereum Bears Press On? Traders Monitoring This Reading<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Before then, one analyst thinks the short to medium term projection for the second most valuable coin is bearish. In an analysis, citing CryptoQuant data, the analyst <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/66d039a8008db53fc0cafa66-Ethereums-Futures-Market-Signals-Bearish-Dominance-Will-the-Downtrend-Persist-or\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">said<\/span><\/a><span data-preserver-spaces=\"true\"> over the last few months, the funding rate in Ethereum perpetuals across exchanges like Binance and OKX has been positive but falling.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/chainlink\/chainlink-link-could-drop-to-8-if-it-loses-current-support-on-chain-data-reveals\/\" target=\"_blank\" rel=\"noopener \">Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Through perpetual platforms, Ethereum traders can place positions using leverage, essentially borrowing from the exchange. The more leverage they have, the more they have to borrow, narrowing their safety margin and increasing the risk of liquidation. <\/span><\/p>\n<figure id=\"attachment_638582\" aria-describedby=\"caption-attachment-638582\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-638582\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?resize=1024%2C576\" alt=\"Ethereum funding rate bearish | Source: @ShayanBTC via CryptoQuant\" width=\"1024\" height=\"576\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?w=1280 1280w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot236.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-638582\" class=\"wp-caption-text\">Ethereum funding rate bearish | Source: @ShayanBTC via CryptoQuant<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Depending on the prevailing price action, the funding rate in these perpetual markets can be positive or negative. Whenever the funding rate is positive, the outlook among leveraged traders is bullish.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In this case, they expect prices to rise higher. For equilibrium, traders posting long positions have to pay those who are selling.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Conversely, a negative funding rate means the prevailing sentiment is <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-range-60k\/\" target=\"_blank\" rel=\"noopener \">bearish<\/a>, and the markets could fall further. In this event, short sellers must pay those posting buys.<\/span><\/p>\n<figure style=\"width: 1187px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/www.tradingview.com\/x\/5i170Di4\/\" rel=\"nofollow\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full\" src=\"https:\/\/www.tradingview.com\/x\/5i170Di4\/\" alt=\"Ethereum price trending lower on the daily chart | Source: ETHUSDT on Binance, TradingView\" width=\"1187\" height=\"846\"><\/a><figcaption class=\"wp-caption-text\">Ethereum price trending lower on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/x\/5i170Di4\/\" target=\"_blank\" rel=\"noopener nofollow\">ETHUSDT on Binance, TradingView<\/a><\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">Looking at the price trend over the past few months, the analyst notes that the funding rate for Ethereum perpetuals has been consistently falling, though still in the positive territory. This state of affairs means that, though ETH has been wavy, moving even to $3,900 in May, the dominant sentiment is bearish.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Eyes On Spot ETF Net Inflows For Growth<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Therefore, for the trend to change, there must be a sharp spike in buying interest. In turn, this will also help lift prices and funding rate across these perpetual platforms. <\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/solana\/can-dogwifhat-hold-above-1-47-as-bears-close-in\/\" target=\"_blank\" rel=\"noopener \">Dogwifhat On The Edge: Can WIF Hold Above $1.47 As Bears Close In?<\/a><\/div>\n<p><span data-preserver-spaces=\"true\">Rising funding rates will signal a shift in trend, helping spur demand.<\/span><\/p>\n<figure id=\"attachment_638581\" aria-describedby=\"caption-attachment-638581\" style=\"width: 1024px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-638581\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?resize=1024%2C392\" alt=\"Spot Ethereum ETF flows | Source: Soso Value\" width=\"1024\" height=\"392\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=1676 1676w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/08\/Screenshot235.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><figcaption id=\"caption-attachment-638581\" class=\"wp-caption-text\">Spot Ethereum ETF flows | Source: Soso Value<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">One of the many factors that may drive prices is inflows to spot Ethereum ETFs in the United States. According to <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/sosovalue.xyz\/assets\/etf\/us-eth-spot\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Soso Value<\/span><\/a><span data-preserver-spaces=\"true\">, all spot Ethereum ETF issuers in the country recorded net inflows of over $5.8 million. Still, this reading is way lower than what was seen in late July. <\/span><\/p>\n<div class=\"disclaimer-shortcode\">Feature image from DALLE, chart from TradingView<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum is steady at press time, as is visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation. From price action, it would take effort for bulls to take charge in the short term. A convincing high volume close above $3,500 would signal a rapid trend shift beneficial for holders. Will Ethereum Bears Press On? Traders Monitoring This Reading Before then, one analyst thinks the short to medium term projection for the second most valuable coin is bearish. In an analysis, citing CryptoQuant data, the analyst said over the last few months, the funding rate in Ethereum perpetuals across exchanges like Binance and OKX has been positive but falling. Related Reading: Chainlink (LINK) Could Drop To $8 If It Loses Current Support: On-Chain Data Reveals Through perpetual platforms, Ethereum traders can place positions using leverage, essentially borrowing from the exchange. The more leverage they have, the more they have to borrow, narrowing their safety margin and increasing the risk of liquidation. Depending on the prevailing price action, the funding rate in these perpetual markets can be positive or negative. Whenever the funding rate is positive, the outlook among leveraged traders is bullish. In this case, they expect prices to rise higher. For equilibrium, traders posting long positions have to pay those who are selling. Conversely, a negative funding rate means the prevailing sentiment is bearish, and the markets could fall further. In this event, short sellers must pay those posting buys. Looking at the price trend over the past few months, the analyst notes that the funding rate for Ethereum perpetuals has been consistently falling, though still in the positive territory. This state of affairs means that, though ETH has been wavy, moving even to $3,900 in May, the dominant sentiment is bearish. Eyes On Spot ETF Net Inflows For Growth Therefore, for the trend to change, there must be a sharp spike in buying interest. In turn, this will also help lift prices and funding rate across these perpetual platforms. Related Reading: Dogwifhat On The Edge: Can WIF Hold Above $1.47 As Bears Close In? Rising funding rates will signal a shift in trend, helping spur demand. One of the many factors that may drive prices is inflows to spot Ethereum ETFs in the United States. According to Soso Value, all spot Ethereum ETF issuers in the country recorded net inflows of over $5.8 million. Still, this reading is way lower than what was seen in late July. Feature image from DALLE, chart from TradingView<\/p>\n","protected":false},"author":384,"featured_media":638413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[10768,8323,16163,1946,89472,6931,78803,86404,91198],"class_list":["post-638580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-binance","tag-eth","tag-eth-price","tag-ethereum","tag-ethereum-funding-rate","tag-ethereum-price","tag-ethusdt","tag-okx","tag-spot-ethereum-etfs"],"acf":[],"yoast_head":"\n<title>Ethereum Will Remain Bearish Until This Key Trading Reading Changes<\/title>\n<meta name=\"description\" content=\"Ethereum remains under pressure at spot rates. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. 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The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. 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His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke key news, including the Ripple and MoneyGram partnership, cementing his position as a thought leader in crypto. The news exploded. Over 100,000 people devoured this meticulously crafted report, from seasoned investors to curious newcomers. His analysis wasn't just dry facts and figures; it crackled with insight, dissecting the implications of the partnership and its potential impact on the future of finance. His deep understanding of the financial markets, technological advancements, and blockchain developments has made him a respected voice in the industry. Dalmas is also the founder of BTC-Pulse, a crypto news site, further demonstrating his commitment to the field. He firmly believes that DeFi and NFTs are here to stay and will continue to drive financial inclusion. Coming from Nairobi, Kenya, it is easy to see the source of his inspiration: Across Africa, millions lack access to traditional banks. Remote villages, limited documentation, and high minimum balances create insurmountable barriers. DeFi, not just Maker or Aave, for example, but think of Bitcoin and USDT, cuts out the middleman. Forget banks with their limitations. Even so, DeFi isn't a magic solution. The continent still struggles with reliable internet access, and educational campaigns highlighting the benefits of this wonderful solution are insufficient. Moreover, even for those interested, understanding DeFi can look like learning a new language. Dalmas is here to help make the tech easy to understand and digestible, even for beginners. The story of DeFi in Africa is still being written. Challenges abound, but the promise of a more inclusive financial future is a powerful motivator. With innovation and collaboration, Dalmas firmly believes that DeFi could become the key to unlocking Africa's full economic potential. This possibility and its immense value motivate Dalmas to continue breaking key DeFi innovations and more across the globe. His engineering background further enhances his ability to deliver well-thought-out pieces that blend technical insight with clear, impactful reporting. Beyond his professional achievements, Dalmas is deeply passionate about technology and politics. Policies drive adoption, and being at the forefront and keeping up with how they evolve is crucial for the sphere to mature. When Dalmas is not closely monitoring the latest crypto events, he can be found in nature, exploring the picturesque countryside, and traveling with his family and friends. His love for adventure and discovery perfectly complements his investigative and reporting skills. 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