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Ethereum Futures Market Showing Positive Signs for Recovery

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Ethereum,Futures Market,Recovery

Ethereum has been consolidating recently, but analyst Burak Kesmeci points to four key futures market metrics suggesting a potential recovery: a healthy funding rate, a dominant buying sentiment, increasing open interest, and significant liquidation of short positions. This indicates easing selling pressure and a potential shift in bullish momentum.

] has struggled to maintain an upward momentum over the past two weeks. Over this period, the altcoin has traded within a consolidation range of between $3500 and $3300.

Secondly, Ethereum’s Taker Buy Sell ratio was at 0.57, suggesting that buying sentiment was dominating the derivatives market. Finally, Ethereum’s liquidation showed that a considerable amount of short positions were being actively liquidated, with $6 million over the past day until press time.

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