Low funding rates suggest Ethereum (ETH) could see significant price increases, potentially reaching $3,500-$5,000 in the coming months. Historical data shows that low funding rates precede price rallies, and ETH's current rate aligns with this trend.
has been showing signs of potential price growth, with funding rates implying that this may be the calm before a price surge. Historically, whenever funding rates have been low, ETH has seen significant price jumps on the charts.
If the rate surpasses 0.015, as it did in previous bull markets, Ethereum’s price could rise higher. The last time ETH’s funding rate hit this point, the price soared from $1,500 to $4,000.Based on historical trends, a similar scenario could unfold as Ethereum enters the last quarter of the year – Traditionally a time of strong market movement.
This means that ETH may soon test higher price levels, possibly hitting $3,500 to $3,600 in the near term. If Ethereum can break out of this range, it could aim for $5,000 in the coming months. This milestone suggested that Ethereum’s network is still highly active, debunking claims that ETH’s influence is waning. In fact, the high gas usage shows that the demand for Ethereum remains intact.In addition to gas usage, Ethereum’s on-chain stablecoin volume has also hit a record high. The volume reached $1.46 trillion, more than doubling from $650 billion earlier this year.
Ethereum ETH Funding Rates Price Prediction Bullish Outlook
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