Analyst: Ethereum Funding Rates Need to Rise Slightly to Confirm Significant Price Upward Signal
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September 13, 2024
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ChainCatcher reports that analyst Burak Kesmeci at CryptoQuant indicated in a report on September 12 that Ethereum (ETH) funding rates need to rise above 0.015 to confirm a potential signal of a significant price surge. The current funding rate is around 0.0056%, comparable to levels seen last September.
Kesmeci stated, "Rising funding rates are crucial for observing healthy growth in a bull market. The support of the futures market plays a significant role in this surge."
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