⭐⭐Ethereum Gave Hope Even with Its Fall: Increased Appetite in the Support Zone is a Sign of a Return! ⭐⭐

CryptoQuant analyst ShayanBTC stated that signals of a return have begun to emerge in Ethereum. In his analysis dated December 30, he stated that a cooling period has begun in the futures market after the Ethereum price fell to the $ 3,000 level. He emphasized that this development has increased hopes for a potential uptrend among market participants.

According to the analyst, the consolidation of the price above the $ 3,000 support level allows investors, especially those who act with bullish expectations, to return to the market.

ShayanBTC stated that this increase in demand was clearly observed with the increase in funding rates, a reliable indicator of futures market sentiment. Increasing funding rates indicate that more investors are opening long positions and that market participants' belief that Ethereum will change direction has strengthened.

The recent increase in funding rates shows that buyers have started to enter the market and if this movement continues, Ethereum's price may gain momentum to reach the $4,000 resistance level in the short and medium term.

Ethereum has increased by % in the last 24 hours and continues to be traded at the dollar level at the time of writing.

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