CryptoQuant: Ethereum is waiting for a bull run

CryptoQuant analyst EgyHash has expressed an optimistic outlook for Ethereum ETH $3,454.35 Bridged Ether (StarkGate) -0.37% Market capitalization $0.31 billion VOL. 24 hours $0.77 billion , pointing to a number of signals that indicate investors' continued interest in the crypto asset despite the market correction.

Key factors:

Leverage ratio:
In the derivatives market, it remains high, indicating investors' willingness to take risks.

Positive funding rates:
The dominance of long positions in the market indicates support for price growth without significant risk of liquidations.

Korean premium:
The premium in the South Korean market indicates a growing interest in Ethereum in the Asian region.

In addition, EgyHash noted an increase in the volume of assets in Ethereum funds, which demonstrates the confidence in the asset from both retail and institutional investors.

Forecasts of other experts:
Bitwise experts predict that in 2025, the value of Ethereum will reach $ 7000, while VanEck experts expect it to exceed $ 6000.

The obtained analytical data reinforce confidence in the positive dynamics of the leading altcoin, as, according to crypto experts, the market demonstrates its readiness to maintain and increase investments in the asset.