Is a Bull Run Coming in Ethereum: Explained with 3 Indicators!

Three critical indicators in Ethereum (ETH) provide answers as to whether the bull run will come any time soon.

Following the approval of the spot Ethereum ETF by the US Securities and Exchange Commission (SEC), three indicators give signals about when the bull run will occur in ETH, which has not been able to continue its rapid price rise.

Clarity came from the data platform Kaiko about open interest and funding rates, which are one of the biggest indicators of whether the price rise in bull markets will continue.

Kaiko said that as a result of his research, open interest reached its highest level at 11 billion dollars, which means strong capital inflow. Stating that the value of Ethereum against Bitcoin increased significantly from 0.044 to 0.055, Kaiko pointed out the cumulative volume delta (CVD) data of Ethereum as the second indicator.

According to Ethereum's CVD data, large inflows have been seen in both the US and spot markets since May 21. In particular, there were clear outflows in the stock markets until that date.

Finally, Kaiko pointed out that Ethereum's market depth on central exchanges is around $226 million. This level is still 42% below pre-FTX averages, with only 40% concentrated in US exchanges.

It was stated that although the Ethereum ETF approval created a situation of disappointment for inflows, there were positive effects.

It is thought that the low number of entries in question is due to the fact that the final approval has not yet arrived. It is predicted by analysts that the Ethereum price will rise with the start of the transaction. However, in the current situation, for a bull run to begin,