ETH funding rate turns negative, but US macro conditions mute the buy signal

The funding rate for Ethereum (ETH) has turned negative, indicating a potential shift in market sentiment among traders. Despite this negative funding rate, broader macroeconomic conditions in the U.S. are dampening bullish signals for ETH. Analysts suggest that while the negative funding rate could typically signal a buying opportunity, current economic factors may limit upward momentum. Investors are advised to remain cautious as they navigate these mixed signals in the crypto market.

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