Ethereum To $4K Again? Analyst Predicts Bull Run As Key Metric Approaches Critical Level

Quick Summary:

According to the report by Kesmeci, Ethereum’s funding rates have been hovering between 0.002 and 0.005, a relatively low level last seen in September 2023.

The analyst further explored whether Ethereum’s funding rate in September 2024 could signal a similar price movement.

When the funding rate stays low for an extended period, it can signal market indecision or calm, but if the rate rises sharply, it often precedes a strong price movement.

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Article Details

Author / Journalist: Samuel Edyme

Category: Crypto

Markets: United Kingdom

Topics: Cryptoquant Crypto Altcoin Altcoin market ETH ETHUSDT Ethereum Ethereum Ethereum Market

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 06:30:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

Article Length: 443 words

Reading Time: 3 minutes read

Sentences: 84 lines

Sentence Length: 6 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © NewsBTC

News ID: 22488125

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Main Topics: Crypto

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