According to TechFlow, on September 12, CryptoQuant analyst Burak Kesmeci pointed out that Ethereum’s current funding rate performance may indicate an imminent sharp rise.
Kesmeci analyzed funding rate data over the past year and found two similar "calm before the storm" periods. In September 2023, the funding rate hovered between 0.002 and 0.005, and then broke through 0.015, causing the price of Ethereum to soar from $1,500 to over $4,000.
In September 2024, Ethereum's funding rate has remained at a similar level for nearly a month. Kesmeci said that although it is impossible to determine whether history will repeat itself, there is indeed a certain pattern in the market. He suggested that investors pay close attention to whether the funding rate breaks through the key threshold of 0.015, which is considered to be a core indicator for tracking healthy growth in the bull market cycle.
