Panic and Greed Are Shaping Ethereum’s Price: What’s Next?

Ethereum traders are exhibiting emotional trading patterns, causing predictable price swings. Funding rates hitting extremes lead to price tops or bottoms. Negative funding rates in September coincided with a local price bottom, followed by a rebound and liquidations. Open interest rising while prices fall suggests leverage propping up the market. Analysts expect choppy trading and more swings due to worldwide events and economic policies. Despite recent lows, there's optimism for Ethereum's long-term prospects, with prediction markets favoring a return to $4,500.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.