#ETHTrendWatch Ethereum is showing renewed strength, trading around $2,919 with a solid +2.78% daily gain, and importantly, price is closely aligned with both the mark price ($2,919.66) and index price ($2,920.75).
This tight spread suggests healthy price discovery with no obvious manipulation or stress in the perpetuals market. ETH has rebounded convincingly from the $2,836 intraday low, signaling that buyers are actively stepping in on dips rather than waiting passively lower.
From a derivatives perspective, the funding rate of +0.0006% is a key signal. This is mildly positive but far from