ETH price faces selling pressure due to $480 million in liquidations and falling network fees. Negative funding rate may lead to a rebound rally. Traders fear downside after liquidations. US-listed Ether ETFs see $230 million in outflows. Traders pay premium for downside protection. Ethereum network fees drop 20%. Slim odds of sustained rally due to low demand for bullish positions and DApp competition. Ether’s path to $3,400 depends on economic visibility.

Read more at Cointelegraph: ETH Flashes Negative Funding Rate But Is Sub $3K ETH Discounted?