Traders expect an increase in the price of the Ethereum coin (ETH), stated experts from the analytical company Matrixport.
They said the funding rate and open interest in Ethereum have increased. This could indicate a potential rally, they said.
Analysts also noted that the asset price is at a relatively low level. In addition, according to experts, Ethereum continues to accumulate while most of the market is concentrated in Solana-based memcoins.
Note that at the time of writing, Ethereum is trading near $2,630.
Previously, Matrixport experts announced an increase in the income of the Ethereum network. According to them, blockchain profits doubled between August and September 2024.
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Source: Cryptocurrency
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