Zizcrypto2026-07-03

ETH: Funding Re-Accelerates While Price Stays Below Late-May Levels

Ethereum funding rates across all exchanges have risen sharply again, reaching around 0.0163% while ETH trades near $1.73K. This is higher than on May 24, when funding stood near 0.0093% while ETH traded around $2.10K. Funding has strengthened even as price remains significantly lower. By June 5, ETH had dropped toward $1.58K while funding cooled to roughly 0.0047%. That showed part of the long-side pressure had eased, but the market never entered a sustained negative-funding reset. Since then, price has stabilized above the lows, while funding has re-accelerated to levels higher than in late May. This suggests long-side bias has rebuilt ahead of structural recovery. This does not mean downside is guaranteed. Positive funding can support price continuation when structure confirms it. The main risk arises when funding re-accelerates before price structure has clearly recovered. Key takeaway: ETH funding has risen above late-May levels, but price remains significantly lower. Long-side bias has rebuilt ahead of structural recovery, leaving the setup vulnerable without clear price confirmation. Source: CryptoQuant