Analysis: Ether Funding Rates May Signal Big Rise, Suggests Investors Watch 0.015 Key Levels

CryptoQuant analyst Burak Kesmeci said in a post on the X platform that ethereum's current funding rate performance may signal an imminent surge, analyzing ethereum's funding rate data over the past year and finding two similar “calm before the storm” periods.
In September 2023, the funding rate hovered between 0.002 and 0.005 before breaking 0.015 and sending Ether's price soaring from the $1,500 range to over $4,000. In September 2024, Ether funding rates have remained at similar levels for nearly a month.
Kesmeci said that while there is no way to know for sure if history will repeat itself, the market does have some sort of pattern. He noted that crypto markets typically become active in the fourth quarter after a holiday-heavy summer season, and Kesmeci advised investors to keep a close eye on the funding rate to see if it breaks above the key threshold of 0.015, which he believes is a core indicator for tracking healthy growth in a bullish cycle.