Ethereum has entered a cooling period in the futures market after a significant correction to the $3K level. This is raising expectations for a possible bullish rebound.

Ethereum’s consolidation above the important $3K support has allowed bulls to re-enter the market. The increase in demand is reflected in the increase in funding rates, which indicates that traders are opening long positions.

The increase in funding rates indicates an influx of buyers, which could lead to a significant bullish rebound. If this buying pressure continues, Ethereum could reach an important resistance at the $4K level in the short to medium term.