Bullish indicators are showcasing strong demand for ETH, suggesting that the price could rise in the future. CryptoQuant contributor EgyHash recently presented a bullish outlook for ETH, emphasizing several positive on-chain metrics: High demand for ETH leverage products: Increased demand for leveraged products indicates increased bullish sentiment among traders. Positive ETH funding rates: Positive funding rates reflect the dominance of long positions, indicating bullish market sentiment. * Consistent ETH spot ETF inflows: Continuous inflows into ETH spot ETFs demonstrate sustained demand from both retail and institutional investors, potentially driving the price higher. Despite failing to reach a new all-time high, the positive on-chain metrics suggest that ETH's price momentum could remain strong going forward. These indicators align with the growing institutional interest in cryptocurrency, as well as the increasing popularity of decentralized finance (DeFi) applications.

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