Since the Federal Reserve cut the federal funds rate by 50 basis points last Wednesday, Ethereum has outperformed Bitcoin. This upward momentum coincides with a sharp rise in the ETH open interest weighted perpetual futures funding rate, indicating stronger demand for long positions and growing optimism among traders that ETH prices may rise. However, Ruslan Lienkha, head of markets at cryptocurrency exchange YouHodler, believes that while the market is optimistic about Ethereum, there is also a risk of a correction if optimism is excessive or external factors change. (TheBlock)