📈 Ether (ETH) traders are on the edge of their seats, waiting for a slight uptick in sentiment to confirm a potential price spike! 🚀

- CryptoQuant's Burak Kesmeci notes that a funding rate above 0.015 could signal a bull rally.

- The current rate is 0.0056%, similar to levels before a 166% surge in 2023.

- ETH's price is up 47.57% over the past year but struggles to break $2,500.

- Futures traders are skeptical, with $576.28M in short positions at risk if ETH climbs.

Stay tuned, HODLers! The crypto rollercoaster is far from over.