
Ethereum (ETH) is showing renewed bullish momentum as funding rates climb, signaling growing trader confidence in a potential breakout. With increasing open interest and strong market demand, ETH could be gearing up for a key price move in the coming weeks.
Funding Rates Indicate Bullish Sentiment
Funding rates have turned positive across major exchanges, reflecting an uptick in leveraged long positions. Traders are willing to pay premiums to hold long contracts, suggesting heightened expectations of further price appreciation.
On-Chain Data Supports Uptrend
Blockchain data reveals a surge in active addresses and rising transaction volumes, both strong indicators of increased network activity. Additionally, ETH’s supply on exchanges has been declining, hinting at accumulation by long-term holders.
Key Resistance Levels To Watch
ETH faces crucial resistance around the $2,500–$2,700 range. A decisive breakout above this zone could open the door for a rally toward $3,000 and beyond.
Macroeconomic Factors & Institutional Interest
With improving macroeconomic conditions and growing institutional interest in Ethereum, the broader market outlook remains positive. The upcoming Ethereum network upgrades could further strengthen its position and drive demand.
Final Thoughts
As funding rates resume an uptrend and market indicators turn bullish, Ethereum appears poised for a key breakout. Investors will be closely watching resistance levels and macroeconomic developments for further confirmation of ETH’s next move.