Ethereum funding rate hits 8-month high — Is an ETH price correction coming?

Ether’s funding rate soared to an 8-month high, but is it a sign of a strengthening rally or an impending price correction? 

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  • bitcoinBitcoin(BTC)$119,976.000.99%
  • ethereumEthereum(ETH)$3,010.181.23%
  • rippleXRP(XRP)$2.944.32%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$691.820.00%
  • solanaSolana(SOL)$162.660.71%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.198182-0.63%
  • tronTRON(TRX)$0.302403-0.27%
  • staked-etherLido Staked Ether(STETH)$3,008.331.55%
  • bitcoinBitcoin(BTC)$119,976.000.99%
  • ethereumEthereum(ETH)$3,010.181.23%
  • rippleXRP(XRP)$2.944.32%
  • tetherTether(USDT)$1.00-0.01%
  • binancecoinBNB(BNB)$691.820.00%
  • solanaSolana(SOL)$162.660.71%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.198182-0.63%
  • tronTRON(TRX)$0.302403-0.27%
  • staked-etherLido Staked Ether(STETH)$3,008.331.55%