CryptoQuant pointed out that funding rates in the Ethereum futures market need to rise for the parabolic growth of the cryptocurrency's exchange rate.

The current rate of ~0.0056% is comparable to what was seen in September 2023 before the indicator consistently rose to above 0.015%, experts pointed out.

Coinbase named altcoins as the culprits behind Ethereum's stagnation - the significant drawdown in their rates has made it “difficult for investors to exit” positions. This has “delayed” capital that would otherwise have flowed through the broader ecosystem into networks like Ethereum