ETH Falls To 4-Month Low While Futures Data Flags $3.2K

The post ETH Falls To 4-Month Low While Futures Data Flags $3.2K appeared on BitcoinEthereumNews.com. Key takeaways: ETH derivatives positioning shows large traders increasing long exposure as sentiment stabilizes despite ongoing weakness in broader risk markets. Public companies holding sizable ETH reserves continue to trade at discounts, signaling investors still lack conviction in a near-term recovery. Ether (ETH) faced a sharp 15% drop Wednesday to Friday, falling to $2,625, its lowest level since July. The move wiped out $460 million of leveraged ETH bullish positions in two days and extended the decline to 47% from the Aug. 24 all-time high. Demand from ETH bulls is still mostly absent in derivatives markets, although sentiment is slowly leaning toward a potential relief bounce to $3,200. ETH perpetual futures annualized funding rate. Source: laevitas.ch The annualized funding rate on ETH perpetual futures settled near 6% on Friday, rising from 4% the previous week. Under balanced conditions, the indicator typically fluctuates 6% to 12% to cover the cost of capital. While still far from a bullish setup, ETH futures showed some resilience even as macroeconomic uncertainty increased. US consumer and housing data signal rising economic stress A University of Michigan survey shows that 69% of consumers now expect unemployment to rise in the year ahead, more than twice the level from a year ago. Joanne Hsu, the director of the consumer survey, reportedly said: “Cost-of-living concerns and income worries dominate consumer views of the economy across the country.” During an earnings call on Tuesday, Home Depot CEO Ted Decker said the company continues “to see softer engagement in larger discretionary projects,” mainly due to ongoing weakness in the housing market. Decker said that housing turnover as a share of total available supply has approached a 40-year low, while home prices have begun to adjust, according to Yahoo Finance. Spot Ethereum ETFs daily net outflows, USD. Source: Farside Investors Part…
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