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BTC $77,056.25 +1.11%
ETH $2,444.34 +1.57%
BNB $695.27 +1.04%
XRP $1.46 -1.58%
SOL $93.60 +0.81%
TRX $0.3435 +0.23%
DOGE $0.0903 -0.49%
ADA $0.2175 -0.73%
BCH $265.12 -1.39%
LINK $11.41 +0.61%
HYPE $77.31 -2.12%
AAVE $138.68 +13.01%
SUI $0.8091 +1.80%
XLM $0.1933 +0.98%
ZEC $828.42 +2.52%
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Analyst: Ethereum financing rates need to rise slightly to confirm signals of a significant price increase

2024-09-13 11:47:17

ChainCatcher message, analyst Burak Kesmeci on CryptoQuant pointed out in a report on September 12 that the funding rate for Ethereum (ETH) needs to rise above 0.015 to confirm a potential significant price increase signal. The current funding rate is approximately 0.0056%, which is comparable to the levels seen in September of last year.

Kesmeci stated: "The rise in funding rates is crucial for observing healthy growth in a bull market. Support from the futures market plays an important role in this increase."

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