🎉🎉Ethereum Enters Silent Bullishness: A Separate Rise from Bitcoin Could Excite Altcoins!🎉🎉
Ethereum's high leverage, positive funding rates, and rising premium in the South Korean market continue to keep investors optimistic.
According to data provided by CryptoQuant analyst EgyHash, while Bitcoin has risen following the US elections, Ethereum has yet to catch up and is struggling to reach a new all-time high. However, despite the recent market correction, Ethereum offers a number of positive indicators that show investors' profit expectations are high.
According to the analyst, Ethereum's leverage ratio, a metric that measures the trend of high leverage in derivatives trading, is at peak levels. This indicates that investors' willingness to take risks continues.
Secondly, Ethereum's funding rates remain slightly positive. This indicates that long positions are in the majority in the market, but there is no excessive balance. This balance provides a suitable environment for a healthy price increase without large-scale liquidations.
The third important indicator is Ethereum’s Korean Premium Index. This metric, which measures the price difference between South Korean exchanges and other regions, has started to show a significant premium by turning positive. This change indicates that interest in Ethereum in the South Korean market is increasing and is contributing positively to the overall market sentiment.
Finally, the fact that Ethereum fund assets continue to increase steadily despite the recent market decline shows that both institutional and individual investors continue to trust this asset.