Ethereum futures markets are showing significant optimism, with the funding rate hitting its highest level in months. This is accompanied by a significant increase in the price, indicating a strong bullish mood among traders who expect new records.

The last time such levels were seen was in January 2024, when Ethereum rose by 88%. This indicates an increase in interest in long positions, but also hints at the possibility of a short-term correction.

Despite the positive sentiment, the sharp increase in financing indicates the need for a correction to stabilize the market and avoid excessive volatility. This creates the conditions for healthier and more sustainable price growth in the future.