Ethereum is trading around $1,880 as the 30-day simple moving average funding rate on Binance has climbed to its highest level in six months. The open interest weighted funding rate has turned positive, signaling improving bullish sentiment without reaching extreme levels. The market is currently watching the $1,860 support area and immediate resistance at the 50-day moving average. A decisive breakout could expose the next resistance zone between $2,000 and $2,100. Upcoming U.S. inflation data could serve as a catalyst for a directional move.
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