ETH funding rate turns negative, but US macro conditions mute the buy signal

💡 DMK Insight

Negative funding rates typically signal a buying opportunity for ETH, but recent volatility from US earnings could shift that narrative. With ETH currently at $2,224.96, traders should be cautious as the market reacts to earnings reports that could influence broader sentiment. If the volatility persists, it might overshadow the traditional buy signal that negative funding rates present. Keep an eye on how ETH responds to these external factors, as a break below key support levels could trigger further selling pressure. Conversely, if ETH holds above $2,200, it may still attract buyers looking for a rebound. Here’s the kicker: while many are ready to jump in based on funding rates, the real story is how macroeconomic factors can quickly change the game. Watch for any significant shifts in market sentiment post-earnings, as that could dictate ETH’s next move.