Currently, Ethereum ETH’s funding rate is around 0.0056%, which, according to Kesmeci, is a crucial indicator for future price movement.
After plunging below $2,200 earlier this month, Ethereum (ETH) has slightly recovered, now trading above $2,300. Crypto analyst Burak Kesmeci says it could be on the verge of a significant price spike if the funding rate rises above 0.015%.
Currently, the rate is lower, so traders are closely monitoring market signals. If this increase happens, Ethereum’s price could see a strong upward surge.Ethereum’s Funding Rate and its Impact
The funding rate for Ethereum plays a crucial role in aligning futures contracts with spot prices. It serves as a small market fee and stabilizes perpetual contracts.
Currently, Ethereum’s funding rate is around 0.0056%, which, according to Kesmeci, is a crucial indicator for future price movement.
The analyst notes that when the funding rate rises above 0.015%, it often signals more robust market optimism. In the past, a rise in the funding rate led to significant price increases for Ether.
