Is a Silent Bull Happening in Ethereum? Analysis Company Explains Bull Signs!

Cryptocurrency analysis firm CryptoQuant published a detailed analysis of Ethereum's recent performance, revealing several bullish indicators despite lagging behind Bitcoin's recent rally.

After the US elections, Bitcoin saw a significant surge, even approaching all-time highs. In contrast, Ethereum struggled to maintain its momentum. However, CryptoQuant's analysis shows fundamental metrics indicating that investors remain optimistic about Ethereum's long-term potential.

According to the analysis company, Ethereum's Estimated Leverage Ratio remains at the highest level, indicating that investors continue to use high leverage in derivative transactions. This metric reveals a constant risk appetite by demonstrating investors' confidence in Ethereum's future performance.

According to CryptoQuant, Ethereum's funding rates are moderately positive, indicating that long positions are dominant without posing a significant risk of large-scale liquidation.

The Korea Premium Index, which measures the price difference between Ethereum on South Korean exchanges and global markets, has turned significantly positive. This trend indicates the increasing interest of South Korean investors, who are generally considered as an indicator of cryptocurrency sensitivity in Asia, according to analysts.

ETH-2.47%
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