Ethereum Funding Rates Flip Neutral as Rally Kicks Off; Next Stop $710?

Ethereum and the entire crypto market have been caught within the throes of an intense uptrend throughout the past few days and weeks, with buyers fully controlling its price action as they target higher highs. ETH is now trading at the highest price levels since it first crashed in 2017, with bulls sending it flying up to highs of $550 overnight.

There was some intense resistance at this price level that slowed its ascent and caused it to see a short-lived selloff. The coming few days should provide serious insights into where Ethereum and the rest of the crypto market will trend in the near-term.

Timeline of Ethereum