NewsBTC
Feb 8, 2026
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BULLISH 📈 : Ethereum traders show aggressive bullish sentiment across major exchanges

Ethereum's ETH price has declined by 14% over the past week, currently trading around $2,000, down from $2,500.

ETH Funding Rates Indicate Bullish Sentiment

  • CryptoQuant analyst Amr Taha highlights a shift in ETH funding rates, a sentiment indicator for perpetual futures.
  • Funding rates turning highly positive or negative can lead to overleveraged positions and market instability.
  • ETH derivatives show a bullish shift with BitMEX funding rates reaching 0.049%, their highest since October.

Ethereum

Market Optimism and Potential Risks

  • On Binance, ETH funding moved from -0.025% to neutral, indicating increased long positions.
  • This suggests a shift from fear to optimism among traders.
  • Periods of extreme positive funding often raise the risk of liquidations rather than sustained price increases.

Currently, Ethereum trades at $2,089 after a 14.9% decline this past week, with a daily trading volume decrease of 32.39%, valued at $37.39 billion.

Ethereum