Ethereum’s quarterly futures basis narrowing to 1% might hint at a bottom for ETH/BTC, but it’s not definitive. A low basis suggests reduced expectations of price growth, possibly signaling capitulation after ETH/BTC’s 1,000-day downtrend to multi-year lows (~0.036). It could indicate stabilization, yet factors like institutional interest, Bitcoin dominance, and Ethereum-specific catalysts (e.g., upgrades, ETF flows) matter more. On-chain data, technical support, and sentiment shifts are key to confirm. Alone, a 1% basis reflects muted demand, not a guaranteed floor. Thoughts on other indicators? (139 words)
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I just collected "Farcaster: Lion"
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Love is when you’re not afraid to fight for the relationship because it’s worth every effort.
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