{"id":39718,"date":"2025-07-31T10:01:56","date_gmt":"2025-07-31T10:01:56","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=39718"},"modified":"2025-07-31T10:01:56","modified_gmt":"2025-07-31T10:01:56","slug":"ethereum-defies-correction-calls-as-analysts-eye-5000-target-by-august","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=39718","title":{"rendered":"Ethereum Defies Correction Calls as Analysts Eye $5,000 Target by August"},"content":{"rendered":"
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Ethereum is holding on to recent gains and is not showing any signs of a short-term correction yet. The asset is currently moving toward the upper bands of its two-week range-bound channel and could break out soon.<\/p>\n

\u201cI think I\u2019m wrong about ETH getting some short-term downside,\u201d crypto analyst \u2018Byzantine General\u2019 told his 236,000 X followers on Wednesday.<\/p>\n

\u201cIt\u2019s too strong and refuses to print any significant correction,\u201d they added, noting that derivatives funding rates were going negative.<\/p>\n

Funding rates are periodic payments between traders in perpetual futures contracts to keep the contract price aligned with the underlying asset\u2019s spot price.<\/p>\n

When funding rates go below baseline, it usually indicates bearish market sentiment as more traders are short than long, creating an imbalance, but this doesn\u2019t seem to be happening with ETH.<\/p>\n

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I think I\u2019m wrong about $ETH<\/a> getting some short term downside.<\/p>\n

It\u2019s too strong, refuses to print any significant correction, funding now going below baseline too. It\u2019s looking like a just fucking send it moment. pic.twitter.com\/IAEBcC5rnT<\/a><\/p>\n

\u2014 Byzantine General (@ByzGeneral) July 30, 2025<\/a><\/p>\n<\/blockquote>\n