Ethereum climbs above $3,350 as subdued funding rates curb leveraged longs

Ethereum has pushed above $3,350 after rebounding from the $2,800 area, raising doubts over how far the current momentum can run. Funding rates across major exchanges remain unusually low compared with earlier rallies, signaling limited leveraged long positioning, according to a CryptoQuant report. The price is trading near the 200-day moving average, with resistance concentrated in the $3,350–$3,400 band.

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Technical Analysis Ethereum