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no one’s talking about this… Ethereum bulls eyeing $6,800 following patch completion, with Binance funding rates hinting at a bullish breakout
eth to $6,800?! 🚀 when moon? 🌕
ethereum funding rates on binance suggest prevailing long positions, potentially paving the way for a rally towards $4,500-$5,000 long-term;
Ethereum (ETH) could be finishing its price correction as it hovers above $4,000 post a recent dip to $3,400. 📉 CryptoQuant notes Ethereum funding rates on Binance remain positive, indicating prevailing long positions.📈 The range of funding rates suggests the market isn’t overheated, potentially paving the way for an ETH rally towards $4,500-$5,000 long-term. Beware of funding rate spikes hinting at a price pullback. 🚀
Indicators show Ethereum gearing up for a bullish run, with SOPR pointing towards $5,000 soon. 📈 Additionally, falling ETH exchange reserves could lead to a supply crunch, potentially driving the price above $4,000. However, other factors might trigger a drop below $4,000. Currently, ETH is at $4,053, up 0.2% in the last 24 hours. 📊
Ethereum patch complete? Binance Funding Rates Signal ETH Rise to $6,800
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