CryptoQuant analyst Burak Kesmeci posted on X that the current funding rate of Ethereum may indicate a significant price surge. Kesmeci analyzed Ethereum's funding rate data from the past year and identified two similar periods of "calm before the storm." In September 2023, the funding rate hovered between 0.002 and 0.005 before breaking through 0.015, leading to Ethereum's price skyrocketing from the $1500 range to over $4000. In September 2024, Ethereum's funding rate has been consistently at a similar level for nearly a month. Kesmeci said, "While we can't guarantee history will repeat itself, there are definitely patterns in the market." He noted that the crypto market typically becomes active in the fourth quarter following the holiday-heavy summer season. Kesmeci advises investors to closely monitor whether the funding rate surpasses the key threshold of 0.015, considering it a core indicator of healthy growth during a bull market cycle.