Following the U.S. election, Bitcoin has demonstrated a notable bullish trajectory, while Ethereum has so far struggled to match this momentum and failed to make a new all-time high. Nevertheless, despite the recent market correction, Ethereum continues to present several bullish indicators that suggest traders remain optimistic about its profit potential.
Firstly, Ethereum’s Estimated Leverage Ratio—which indicates investors’ propensity to take on high leverage in derivatives trading—remains at its peak, reflecting a sustained appetite for risk.
Secondly, Ethereum’s funding rates are moderately positive, implying that long positions are dominant but not to an extreme level. This moderation suggests there is still room for a healthy price increase without an imminent risk of large-scale liquidations.
Thirdly, the Korea Premium Index for Ethereum, which measures the price gap between South Korean exchanges and those in other regions, has not only turned positive but is also showing a substantial premium. This shift highlights the Korean market’s growing interest in Ethereum and bodes well for overall market sentiment.
Finally, Ethereum fund holdings have been steadily rising—even through the recent market dip—indicating continued confidence among institutional and retail investors alike.
In aggregate, these factors point to a persistent bullish outlook for Ethereum, as market participants appear ready to maintain, and potentially increase, their exposure to the asset.
Written by EgyHash
