According to BlockBeats, on September 26, TheBlock reported that Ethereum derivatives market indicators showed that investor sentiment was becoming more optimistic. Julio Moreno, head of research at CryptoQuant, said that the 30-day moving average of the funding rate had a positive turn, indicating that futures traders were more bullish. Moreno pointed out that this upward trend came after a long decline, indicating that market participants may be turning more optimistic.

Coinglass data shows that Ethereum’s open interest weighted funding rate has been trending positive since the Fed’s rate cut on September 18, currently at 0.0089%. QCP Capital analysts have also noticed an improvement in funding rates on major trading platforms, believing that this is related to the recent rate cuts. Since the Federal Reserve cut the federal funds rate by 50 basis points on September 18, Ethereum prices have risen by more than 17%, outperforming Bitcoin’s 10% increase over the same period.

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