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Ethereum futures funding rate drops to zero, signaling reduced bullish leverage amid price decline to $2,300.

Market News
24 Oct 2026
CryptoTicker
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Neutral
Ethereum futures funding rate drops to zero, signaling reduced bullish leverage amid price decline to $2,300.

The funding rate for Ethereum's perpetual futures contract on OKX fell to zero on October 24, indicating that the premium buyers pay for leveraged long positions has disappeared. This coincided with a 4.47% drop in Ether's price to around $2,300, reflecting reduced speculative demand for price increases. Despite this, the price remains near key technical support levels, suggesting the recent sell-off may be a correction rather than a trend reversal. Investors should watch the $2,311 and $2,279 price levels for signals on the next move, while options market volatility indicates expectations of continued price swings without clear direction.

Ethereum's funding rate falling to zero coincides with a broad market decline in major cryptocurrencies. For readers following the crypto sector, here is Pluang's market snapshot as of Oct 25, 2026 03:51 WIB: out of 50 major cryptocurrencies, 45 fell and only 4 rose today. Notable movers include DOT (Polkadot) down 6.92% at Rp18.802 with a typical hold time of 122 days and a 58% sell order activity, AAVE (Aave) down 6.41% at Rp2.475.419 with 98% buy order activity, and ATOM (Cosmos) down 6.41% at Rp29.560 with 56% sell order activity and a typical hold time of 61 days.

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