CryptoQuant analyst: Ethereum funding rate hits new multi-month high, rebound indicates bullish momentum but may see correction

CryptoQuant analyst Shayan BTC posted that the Ethereum funds rate indicator of future market sentiment has surged to its highest level in months, coinciding with a sharp rally in the price. This highlights strong bullish sentiment, with traders expecting record highs. However, the market may need to adjust to maintain this momentum.