Although ETH has surged 40% in the past week, I notice that the funding levels remain stable and there are no significant changes between long and short positions. This suggests that even though the price has recovered, the market is not overly excited.

Other coins have also seen a recovery, but not enough to significantly change the financial situation of the market. I think this reflects the caution of investors, who may not fully believe in a long-term upward trend, so the market remains quite stable.

In fact, this stability is a good sign for the market. Such strong increases that do not cause sudden changes in funding can help reduce risks for investors.