Matrixport: Due to the increase in open contracts and sluggish prices, the market is focusing on Ethereum's rebound

ChainCatcher message, Matrixport released a chart today stating that as the open interest and funding rates rise, traders are beginning to prepare for a potential rebound in Ethereum.

The current price is relatively low. When most of the market is focusing on Meme coins in the Solana ecosystem, increasing holdings in Ethereum seems particularly attractive. Futures traders are also constantly adjusting their strategies to seize this potential opportunity for an increase.