Ethereum futures are showing a bullish shift as funding rates rise, indicating increased buying activity among futures traders.

This uptick in demand suggests that market participants are becoming more optimistic about Ethereum’s short-term price potential.

In addition to the futures market, Ethereum’s burn rate has skyrocketed by 163% over the past week. Historically, surges in burn rates have preceded price increases, as seen in January and October 2023. This could be a positive indicator for Ethereum’s price in the near future.

Dormant Wallet For 9 Years Deposits 5 ETH To Kraken 

A notable event occurred when an Ethereum ICO participant, dormant for over nine years, deposited 5 ETH (worth $13.3K) to Kraken. The participant initially received 2,000 ETH during the ICO at a cost of just $620, now valued at a staggering $5.34 million.

On the institutional side, Visa has launched a Tokenized Asset Platform to help banks test tokenized assets and smart contracts, further signaling growing interest in Ethereum’s ecosystem. Spain’s BBVA bank is leading the way, targeting a 2025 pilot on Ethereum, showcasing how traditional finance is increasingly embracing blockchain technology.

Ethereum spot ETFs are also seeing strong inflows, with a total of $62.51 million net inflow recorded recently. BlackRock’s ETHA ETF alone accounted for $59.25 million of this figure, highlighting the continued institutional appetite for Ethereum-based investments.

With increasing activity in futures, rising burn rates, and major institutional support, Ethereum is poised for a bullish trend as it continues to solidify its position in both the retail and institutional markets.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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