TechFlow news, October 15 — According to the latest report from Matrixport, funding rates for Ethereum perpetual futures have surged to over 18% annualized, reaching their highest level since May 2024.
This indicates a shift in market sentiment, with traders heavily going long on ETH ahead of the U.S. presidential election. After prices dropped from $3,800 to $2,500, investors are now buying ETH at more attractive price levels.
Additionally, BlackRock CEO Larry Fink suggested that Ethereum’s role in blockchain technology could significantly increase, reflecting a shift in market focus. BlackRock is now viewing Ethereum not only as a key digital asset but also as a major alternative to Bitcoin.




