Ethereum (ETH), the second-largest cryptocurrency, has failed to return to the $3,000 mark since early August. However, an analyst at CryptoQuant believes that this could change.

- The analyst points out that an influx of funds into the futures market could boost the price of ETH.

- Futures traders have been buying more than selling over the past 30 days, indicating that they are optimistic.

- Futures demand must continue to increase for the price to rise further.

ETH is currently trading around $2,600, down 16% since early August.