TechFlow news: Ethereum derivatives market indicators show investor sentiment turning optimistic. Julio Moreno, Research Head at CryptoQuant, noted that the 30-day moving average of funding rates has shifted positively, indicating increased bullish sentiment among futures traders.
Moreno pointed out that this upward trend follows a prolonged period of decline, suggesting market participants may be turning more optimistic.
Data from Coinglass shows that since the Federal Reserve's rate cut on September 18, Ethereum's open interest-weighted funding rate has maintained a positive trajectory, currently at 0.0089%. Analysts at QCP Capital also observed improved funding rates across major exchanges, attributing this improvement to the recent rate cuts. Since the Fed lowered the federal funds rate by 50 basis points on September 18, Ether has risen over 17%, outperforming Bitcoin's 10% gain during the same period.
