Analyst: Ethereum financing rate needs to slightly rebound in order to confirm the signal of a significant price increase

In a report on September 12, ChainCatcher message, analyst Burak Kesmeci from CryptoQuant pointed out that the financing rate of Ethereum (ETH) needs to rise above 0.015 to confirm possible significant price increase signals. The current financing rate is about 0.0056%, which is equivalent to the level in September last year.

Kesmeci stated: "The rise in financing rates is crucial for observing healthy growth in a bull market. The support of the futures market plays an important role in this kind of increase."