Ether continues its growth, breaking through important resistance levels, fueling investor optimism. Discussions of a possible new record by the end of the year are becoming more frequent.
The latest data from the futures market, in particular, financing rates, show an increase in positive sentiment among traders. This indicates a growing interest in long positions.
While funding rates are rising, they have not yet reached the levels seen during Ethereum's previous high of $4.9K. This indicates that the market is not yet overheated.
Historically, sharp jumps in funding rates can precede corrections, but current levels hint at the possibility of further upside ahead of risks.