ETH is on a positive growth trajectory over the past week, with network momentum showing improvement. According to a report from CryptoQuant analyst Shayan, the funding rate for Ethereum futures indicates that ETH has not entered an overheated phase, opening up the possibility for further growth in the coming weeks.

- ETH reached a six-month high on November 28, rising to nearly $3,700, but then slightly dropped to $3,540, recording a 5% increase for the week.

- The high funding rate reflects strong demand for buying ETH positions, but is still below the level when ETH peaked at $4,890 three years ago, indicating no immediate risk of a major correction.

🔍 Analysts are optimistic that ETH could reach new highs by the end of 2024, although there are still short-term risks.