Ethereum Faces Crucial Test As Funding Rates Decline And $3K Level Looms

Name	Symbol	Market	Market Cap ($)	Algorithm
Ethereum	ETHUSD	Crypto	388,644,799,838	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Ethereum

ETHUSD

Crypto

388,644,799,838

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-42.67	-1.31%	3,225.11	3,225.19	3,225.29

Price Change

Price Change %

Current Price

Bid Price

Offer

-42.67

-1.31%

3,225.11

3,225.19

3,225.29

High Price	Low Price	Open Price	Prev. Close	52 Week Range
3,269.70	3,224.00	3,268.15	3,267.78	2,112.00 - 4,109.67

High Price

Low Price

Open Price

Prev. Close

52 Week Range

3,269.70

3,224.00

3,268.15

3,267.78

2,112.00 - 4,109.67

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	08:49:17	0.030669	3,225.11	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

08:49:17

0.030669

3,225.11

USD

Price x Volume	Volume	Base Symbol	Related Pairs
99,170,598.06	30,558.95	ETH	ETHEUR	ETHGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

99,170,598.06

30,558.95

Ethereum Faces Crucial Test As Funding Rates Decline And $3K Level Looms

11/01/2025 5:00am

NEWSBTC

Ethereum has undoubtedly been under pressure despite the recent bullish rally in the broader cryptocurrency market as it struggles to make any major upside move. A recent analysis by ShayanBTC, a contributor to the CryptoQuant QuickTake platform, has shed light on key factors impacting Ethereum’s performance. In a post titled “Ethereum Faces Crossroads: Funding Rates and $3K Support Key to Sustaining Bullish Momentum,” Shayan highlights the asset’s struggles to maintain its upward trajectory. Related Reading: Ethereum Downswing To $2,900 Could Be A ‘Buy-The-Dip Opportunity’ – Analyst Expects Bullish Surge Funding Rates And The Importance Of The $3K Support Level According to Shayan, Ethereum’s bullish momentum has been significantly challenged by fluctuations in Funding Rates, a key indicator of demand in the derivatives market. While these rates initially rose during the recent rally in the crypto market, signaling growing confidence, there was a subsequent decline after Ethereum was rejected at the $4,000 resistance level suggesting reduced trader interest and commitment. Notably, the spike in Funding Rates during the rally pointed to cautious optimism among traders. However, the sharp decline in these rates afterward highlights a waning demand for Ethereum in the derivatives market. This shift raises concerns about the sustainability of the bullish trend, particularly in light of Ethereum’s inability to breach the $4,000 resistance. The $3,000 support level has emerged as a pivotal threshold for Ethereum. Shayan emphasized that maintaining this level is crucial for stabilizing the market and potentially reigniting bullish momentum. A failure to hold above $3,000 could trigger increased selling pressure, leading to a deeper market correction. The analyst wrote: Overall, Ethereum’s outlook depends on reclaiming higher Funding Rates and defending $3K. These factors will determine whether the market resumes its uptrend or faces further corrections. Ethereum Market Performance Meanwhile, Ethereum has continued to demonstrate downward movements, especially as the broader market has recently turned bearish. Over the past week, Ethereum’s market value has dropped by 6.2% bringing its price below $3,500. However, over the past day, there has been a slight uptick in ETH’s price as the asset records a 0.9% increase. This slight increase has pushed ETH’s price to hover above $3,200 at the time of writing marking a 33.9% decrease away from its all-time high of $4,878 recorded in November 2021. Related Reading: Ethereum: Analyst Says $7,000 Target ‘Is Looming’ As Price Retests Crucial Level Interestingly, despite the descent in ETH’s price in the past week, the asset’s daily trading volume has faced an opposite trend over the same period. Particularly, ETH’s daily trading volume has moved from $20 billion last Friday to now sitting at above $26 billion as of today. Given the current trend in ETH, it is worth noting that this increase in trading volume may be a result of the surge in buying pressure and selling pressure ongoing in the Ethereum market. Featured image created with DALL-E. Chart from TradingView

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