Analyst: Ethereum financing rates need to rise slightly to confirm signals of a significant price increase

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."