Ethereum trader sentiment needs small bump for ETH to see ‘parabolic rise’
A crypto analyst is eyeing Ether’s funding rate rising above 0.015 to see if “the calm before the storm breaks.”
Ether trader sentiment needs a slight uptick to confirm an indicator signaling a possible significant price spike and a trajectory for the token that could put it on a bull rally.
“We will wait for Ether’s funding rate to rise above 0.015 to see if the calm before the storm breaks,” CryptoQuant contributor Burak Kesmeci wrote in a Sept. 12 note.
Ether’s (ETH) funding rate acts like a small market fee, aligning futures with spot prices and stabilizing perpetual contracts.
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Author: Ciaran Lyons
