{"id":500722,"date":"2022-09-01T09:59:05","date_gmt":"2022-09-01T09:59:05","guid":{"rendered":"https:\/\/www.wncen.com\/?p=500722"},"modified":"2022-09-01T09:59:05","modified_gmt":"2022-09-01T09:59:05","slug":"ethereum-eth-funding-rates-plunge-to-most-extreme-territory","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/","title":{"rendered":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory"},"content":{"rendered":"<p><em><span style=\"font-weight: 400\">The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about.<\/span><\/em><\/p>\n<ul>\n<li><span style=\"font-weight: 400\"> \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K level<\/span><\/li>\n<li><span style=\"font-weight: 400\"> \u00a0 \u00a0 \u00a0 \u00a0 Ethereum price nosedives by 1.24% or trading at $1,570.76<\/span><\/li>\n<li><span style=\"font-weight: 400\"> \u00a0 \u00a0 \u00a0 \u00a0 ETH liquidations trigger price spike<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Investors are debating whether or not the price of Ethereum will reach $3,000 since it is on everyone&#8217;s mind and a topic of conversation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">When the Ethereum Blockchain and Beacon Chain fuse together on September 22, 2022, the Ethereum Blockchain will switch from Proof of Work mechanism to Proof of Stake.<\/span><\/p>\n<p><span style=\"font-weight: 400\">As a result of this shift, Ethereum miners will use significantly less computing energy. That will lessen the impact on the environment and soothe some of the concerns about cryptocurrency.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Since hitting a record high price of $4,868 in November 2021, Ethereum has been slipping under a declining resistance line. Even as we went to press, ETH was trading below the $1.6k level and had experienced a new 2% fall.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/shiba-inu-burn-events-spark-a-rally-in-altcoin-over-the-past-weeks\/\">Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks<\/a><\/div>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-500723 aligncenter\" src=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/09\/ee.png?resize=460%2C209\" alt=\"\" width=\"460\" height=\"209\"><\/p>\n<pre style=\"text-align: center\"><span style=\"font-weight: 400\">Source: CoinMarketCap<\/span><\/pre>\n<p><span style=\"font-weight: 400\">According to <a href=\"https:\/\/coinmarketcap.com\/\" rel=\"nofollow\">CoinMarketCap,<\/a> ETH price has dipped by 9% in the last seven days, and trading at $1,550 as of this writing.<\/span><\/p>\n<h2><b>Ethereum Liquidations Trigger Price Spike<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Traders&#8217; skepticism of Ethereum is high during a week of trading that has been extremely erratic. The majority of investors have sold short (shorted) across exchanges for the first time since June 2021.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, the funding rate drastically decreased on August 28 and 29. In fact, on August 31, even as we went to press, the rate remained stable.<\/span><\/p>\n<p><span style=\"font-weight: 400\">A negative number meant that long traders were compensated more than short traders for holding onto their positions.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, traders shouldn&#8217;t really give up because, in the past, such events have resulted in a price increase.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Price increases were common in these scenarios historically. A U-turn could be seen in the average financing rate, which stood barely above the $0 level, as it did at the time of writing.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Similar to how ETH might experience a price spike while the market is still too leveraged and liquidate a sizable volume of short positions. <\/span><\/p>\n<p><span style=\"font-weight: 400\">More short positions are washed down as a result of these liquidations, which raise the price even higher.<\/span><\/p>\n<h2><b>Surge In Open Interest Validates ETH Popularity<\/b><\/h2>\n<p><span style=\"font-weight: 400\">However, not everyone believed that ETH would be able to get beyond the formidable $1.6k resistance barrier. As noted by renowned analyst Lark Davis, it actually coincided with the (potential) short-term decline.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Unquestionably a pessimistic narrative just before the Merge. Despite this, ETH&#8217;s demand won&#8217;t completely disappear overnight.<\/span><\/p>\n<p><span style=\"font-weight: 400\">While Bitcoin investment goods witnessed a 7.16% decline to $17.4 billion in August, Ethereum investment products saw a gain of 2.36% to $6.81 billion in assets under management (AUM).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, open interest is still surging in the options market, indicating that market participants are very interested in ETH.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/www.wncen.com\/news\/pancakeswap-expands-1-25-in-last-24-hours\/\">PancakeSwap Adds Some Sweetness, Expands 6% In Last 7 Days<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/Uz0cnJ7N\/\" width=\"1834\" height=\"875\"><\/p>\n<pre style=\"text-align: center\">BTC total market cap at $188 billion on the daily chart | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a>\r\n\r\nSource: Nenad Novakovi\u0107 - Unsplash, Chart from <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"<p>The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K level \u00a0 \u00a0 \u00a0 \u00a0 Ethereum price nosedives by 1.24% or trading at $1,570.76 \u00a0 \u00a0 \u00a0 \u00a0 ETH liquidations trigger price spike Investors are debating whether or not the price of Ethereum will reach $3,000 since it is on everyone&#8217;s mind and a topic of conversation. When the Ethereum Blockchain and Beacon Chain fuse together on September 22, 2022, the Ethereum Blockchain will switch from Proof of Work mechanism to Proof of Stake. As a result of this shift, Ethereum miners will use significantly less computing energy. That will lessen the impact on the environment and soothe some of the concerns about cryptocurrency. Since hitting a record high price of $4,868 in November 2021, Ethereum has been slipping under a declining resistance line. Even as we went to press, ETH was trading below the $1.6k level and had experienced a new 2% fall. Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Source: CoinMarketCap According to CoinMarketCap, ETH price has dipped by 9% in the last seven days, and trading at $1,550 as of this writing. Ethereum Liquidations Trigger Price Spike Traders&#8217; skepticism of Ethereum is high during a week of trading that has been extremely erratic. The majority of investors have sold short (shorted) across exchanges for the first time since June 2021. Notably, the funding rate drastically decreased on August 28 and 29. In fact, on August 31, even as we went to press, the rate remained stable. A negative number meant that long traders were compensated more than short traders for holding onto their positions. However, traders shouldn&#8217;t really give up because, in the past, such events have resulted in a price increase. Price increases were common in these scenarios historically. A U-turn could be seen in the average financing rate, which stood barely above the $0 level, as it did at the time of writing. Similar to how ETH might experience a price spike while the market is still too leveraged and liquidate a sizable volume of short positions. More short positions are washed down as a result of these liquidations, which raise the price even higher. Surge In Open Interest Validates ETH Popularity However, not everyone believed that ETH would be able to get beyond the formidable $1.6k resistance barrier. As noted by renowned analyst Lark Davis, it actually coincided with the (potential) short-term decline. Unquestionably a pessimistic narrative just before the Merge. Despite this, ETH&#8217;s demand won&#8217;t completely disappear overnight. While Bitcoin investment goods witnessed a 7.16% decline to $17.4 billion in August, Ethereum investment products saw a gain of 2.36% to $6.81 billion in assets under management (AUM). Furthermore, open interest is still surging in the options market, indicating that market participants are very interested in ETH. Related Reading: PancakeSwap Adds Some Sweetness, Expands 6% In Last 7 Days BTC total market cap at $188 billion on the daily chart | Source: TradingView.com Source: Nenad Novakovi\u0107 &#8211; Unsplash, Chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":496628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[1144,8323,16163,65296,1946,8686],"class_list":["post-500722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-btcusd","tag-eth","tag-eth-price","tag-ethbtc","tag-ethereum","tag-ethusd"],"acf":[],"yoast_head":"\n<title>Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory<\/title>\n<meta name=\"description\" content=\"The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory\" \/>\n<meta property=\"og:description\" content=\"The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T09:59:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"360\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory\",\"datePublished\":\"2022-09-01T09:59:05+00:00\",\"dateModified\":\"2022-09-01T09:59:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\"},\"wordCount\":476,\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360\",\"keywords\":[\"btcusd\",\"ETH\",\"eth price\",\"ethbtc\",\"ethereum\",\"ethusd\"],\"articleSection\":[\"Ethereum\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\",\"url\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\",\"name\":\"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory\",\"isPartOf\":{\"@id\":\"https:\/\/www.wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360\",\"datePublished\":\"2022-09-01T09:59:05+00:00\",\"dateModified\":\"2022-09-01T09:59:05+00:00\",\"description\":\"The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K\",\"breadcrumb\":{\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360\",\"width\":640,\"height\":360,\"caption\":\"Ethereum\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.wncen.com\/#website\",\"url\":\"https:\/\/www.wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/www.wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/www.wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\",\"name\":\"Christian Encila\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g\",\"caption\":\"Christian Encila\"},\"description\":\"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.\",\"sameAs\":[\"jomarjet01\"],\"url\":\"https:\/\/www.wncen.com\/author\/jomarjet01\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory","description":"The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory","og_description":"The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K","og_url":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-09-01T09:59:05+00:00","og_image":[{"width":640,"height":360,"url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg","type":"image\/jpeg"}],"author":"Christian Encila","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Christian Encila","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#article","isPartOf":{"@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/"},"author":{"name":"Christian Encila","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80"},"headline":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory","datePublished":"2022-09-01T09:59:05+00:00","dateModified":"2022-09-01T09:59:05+00:00","mainEntityOfPage":{"@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/"},"wordCount":476,"publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"image":{"@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360","keywords":["btcusd","ETH","eth price","ethbtc","ethereum","ethusd"],"articleSection":["Ethereum"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/www.wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/","url":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/","name":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory","isPartOf":{"@id":"https:\/\/www.wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage"},"image":{"@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360","datePublished":"2022-09-01T09:59:05+00:00","dateModified":"2022-09-01T09:59:05+00:00","description":"The highly-anticipated Ethereum merger is one topic that all hardcore crypto aficionados are talking about. \u00a0 \u00a0 \u00a0 \u00a0 ETH currently trades below the $1.6K","breadcrumb":{"@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#primaryimage","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360","width":640,"height":360,"caption":"Ethereum"},{"@type":"BreadcrumbList","@id":"https:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory"}]},{"@type":"WebSite","@id":"https:\/\/www.wncen.com\/#website","url":"https:\/\/www.wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/www.wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/www.wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/www.wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80","name":"Christian Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/www.wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory","url":"http:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/ethereum\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","eth","eth price","ethbtc","ethereum","ethusd"],"dateCreated":"2022-09-01T09:59:05Z","datePublished":"2022-09-01T09:59:05Z","dateModified":"2022-09-01T09:59:05Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum (ETH) Funding Rates Plunge To Most Extreme Territory\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/ethereum\\\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/ethereum\\\/ethereum-eth-funding-rates-plunge-to-most-extreme-territory\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Ethereum-ETH-ETHUSDT.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/07\\\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"eth\",\"eth price\",\"ethbtc\",\"ethereum\",\"ethusd\"],\"dateCreated\":\"2022-09-01T09:59:05Z\",\"datePublished\":\"2022-09-01T09:59:05Z\",\"dateModified\":\"2022-09-01T09:59:05Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2022\/07\/Ethereum-ETH-ETHUSDT.jpg?fit=640%2C360","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/500722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=500722"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/500722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/496628"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=500722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=500722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=500722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}