ChainCatcher news, Burak Kesmeci, an analyst on CryptoQuant, pointed out in a report on September 12 that the financing rate of Ethereum (ETH) needs to rise above 0.015 to confirm a possible significant price increase signal. Financing rates are currently around 0.0056%, similar to last September's levels.

Kesmeci said: "A rise in financing rates is crucial to observe healthy growth in a bull market. Support from the futures market plays a significant role in this rise."