[Analysis] "Ethereum, Important Resistance Line Breakthrough...Expectations for Highest Price Rise"

Image=CryptoQuant

Ethereum (ETH) has broken through an important resistance line, raising expectations for a highest price rise, according to analysis.

On the 29th, the online data analysis platform CryptoQuant reported that "Ethereum's upward momentum is attracting investors' attention. Especially when looking at the funding rate in the futures market, it confirms expectations for Ethereum's price." This was stated.

Furthermore, "Although the futures contract premium has risen, it has not yet reached the previous high (4900 dollars). It suggests that it has not yet entered an overheated state," it added.

On the other hand, Ethereum is being traded at 3570 dollars, down 0.3% compared to the previous day in the Tether (USDT) market.