Ethereum (ETH), the world’s second-largest cryptocurrency, maintains its bullish momentum, surging another 7% and edging closer to the $3,900 mark. At present, the Ethereum price stands at $3,775, with its market capitalization surpassing $450 billion. A recent surge in the ETH price demonstrates renewed faith among investors while igniting a flurry of buying activity in the cryptocurrency market. According to analysis from CryptoQuant, a key metric shedding light on these market dynamics is Ethereum’s funding rates, which serve as a gauge for the intensity of trades in the futures market. Positive rates denote a bullish outlook, whereas negative rates signify a bearish sentiment among traders.PR: