Ethereum

bullish

Send It

Artificial Intelligence

Rise

Cryptocurrency analytics firm CryptoQuant has highlighted Ethereum’s recent price rally, noting that there is a growing sense of optimism among investors as the ETH price has broken through key resistance levels.
Ethereum’s price action has reignited discussions about a possible new all-time high (ATH) before the end of the year, according to CryptoQuant. The rise in funding rates, a key indicator of market sentiment, suggests increased demand for long positions as traders bet on Ethereum’s continued upward momentum.
While funding rates have increased significantly in recent weeks, CryptoQuant noted that they remain below levels observed during Ethereum’s previous ATH of $4,900. This suggests that while the current rally is gaining strength, it has not yet reached an overheated state. This balance provides room for bullish sentiment to be maintained without triggering the risk of further price appreciation and a sudden correction in the market, the analyst firm said.
Related News: <a href="https://en.bitcoinsistemi.com/this-artificial-intelligence-robot-keeps-40-000-dollars-in-his-wallet-it-will-send-it-all-to-whoever-convinces-it/" target="_blank" rel="noopener noreferrer nofollow">This Artificial Intelligence Robot Keeps 40.000 Dollars in His Wallet: It Will Send It All To Whoever Convinces It</a>
Despite the positive outlook, CryptoQuant noted the potential risks associated with funding rate hikes. Historically, sharp increases in these rates have often been preceded by periods of high volatility, including abrupt corrections or liquidation steps. Such events can lead to short-term market disruptions, even amid broader bullish trends.
“While current levels suggest room for growth, traders should remain vigilant,” CryptoQuant warned, adding: “Increases in funding rates can quickly become warning signs of an overheated market, making risk management essential.”
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/will-ethereum-continue-its-rise-towards-its-ath-heres-analysts-prediction/" rel="noopener noreferrer nofollow">Will Ethereum Continue Its Rise Towards Its ATH? Here’s Analysts’ Prediction</a>

Will Ethereum Continue Its Rise Towards Its ATH? Here’s Analysts’ Prediction

Bitcoin Sistemi EN

Other articles published on Nov 28, 2024

Uniswap Price Prediction for Today, November 28 – UNI Technical Analysis

Cryptopia Launches Public Open Beta on SKALE: Built Different for the Future of Gaming

The Best Cloud Mining Platforms for Mining Multiple Cryptocurrencies

Pink Shiba Inu (PINKSHIB) Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and...

Key Levels to Watch as Celestia (TIA) Price Approaches Major Resistance

Arbitrum DeFi Protocol Thala Labs Recovers $25M After Exploit on Nov. 15

Join our free newsletter for daily crypto updates!