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Will Ethereum Beat Its Misfortune? Analysts Reveal the Necessary Condition for a Rally

Author: Content Editor
A recent analysis by CryptoQuant found that there is growing optimism among Ethereum traders, as indicated by positive funding rates in the futures market. Positive funding rates suggest a bullish market sentiment for Ethereum. The funding rate for Ethereum is currently on a steady upward trend, showing that traders are increasingly willing to invest in Ethereum's price appreciation and have confidence in its near-term potential. However, analysts note that funding rates have not yet reached the levels seen in early March when Ethereum experienced a significant bullish rally. To break out of current resistance levels and establish a sustained uptrend, funding rates need to rise further, signaling a stronger willingness among traders to go long and increasing buying pressure on Ethereum. A continued increase in positive funding rates will likely lead to a stronger uptrend and reinforce bullish sentiment in the futures market.

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