Stabilizing Ethereum Funding Rates Suggests Recovery Might Be In The Works

Stabilizing Ethereum Funding Rates Suggests Recovery Might Be In The Works

Share

🤗 100% Fact

Stabilizing Ethereum Funding Rates Suggests Recovery Might Be In The Works

NewsBTC5 days ago
EthereumEthereum
MergeMerge
Published on September 22, 2022 23:00 GMT+00:00edited on September 23, 2022 13:31 GMT+00:00

Share

Ethereum funding rates had taken a beating after the Merge was completed. This event was the single most anticipated upgrade in the history of the network, and it had affected both price and funding rates in adverse ways. However, as the market begins to settle into the new normal of Ethereum being a proof of stake network, things are beginning to stabilize. One of those is funding rates returning to pre-Merge levels.

Funding Rates Stabilizing

The days leading up to the Ethereum Merge had been extremely volatile for the crypto market. Ethereum itself had borne the brunt of this, and even though the days leading up to the upgrade were filled with positive movement, it had quickly changed.

Ethereum funding rates nosedived on the back of the Merge. It fell from trending just below neutral …