According to recent data, despite Ethereum's sideways price movement in recent weeks, futures traders remain confident in its potential for upside. Ethereum has been trading within a narrow range, facing resistance at $2,799 and finding support at $2,585. However, futures traders have increased their buy orders, with the Taker-Buy-Sell Ratio reaching its highest point since January, indicating optimism among traders. Additionally, ETH's funding rate remains positive, suggesting a market bias towards bullish sentiment. If ETH breaks above resistance, it could reach $2,967 and potentially even $3,202. Conversely, a break below support could lead to a decline to $2,467, or even $2,150.



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