Ethereum’s Funding Rates dropped to extreme levels historically associated with the FTX crisis, leading to market volatility and forced liquidations amounting to approximately $2.5 billion.
The increased geopolitical risks are causing heightened liquidity withdrawal, which is driving ETH prices lower. This has created structural stresses within the market, pushing some positions into significant unrealized losses as panic sales take hold.
With momentum indicators reflecting a bearish trend, Ethereum struggles around crucial support levels of $2,400 to $2,600 amid fears of further price declines due to persistent macroeconomic pressures.
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