Ethereum's bearish sentiment has eased significantly, with funding rates on major centralized and decentralized exchanges returning to neutral, according to Coinglass data. This shift comes as Bitcoin rebounds above $70,000 and Ethereum briefly surpasses $2,100. Despite the overall bearish market, the neutral funding rates suggest a reduction in short pressure on Ethereum. Funding rates, which are fees set by trading platforms to align contract prices with underlying asset prices, indicate market sentiment. A neutral rate suggests balanced sentiment between long and short positions, contrasting with the broader bearish market trend.