Ethereum Breaks Resistance Levels, Analyst Predicts Room For More Growth

Ethereum's price has surged, breaking through resistance levels and approaching its all-time high. Interest in Ethereum futures has increased, indicating bullish sentiment among traders. Funding rates have risen, suggesting growing demand for long positions but remaining below peak levels. The market has room for further growth before overheated conditions arise. Ethereum has gained 15.6% over the past two weeks, surpassing $3,500 and targeting $4,000 resistance. Despite liquidations of $63.33 million, Ethereum accounts for a significant portion of short liquidations. Analyst Ali on X predicts a mid-term target of $6,000 and a long-term target of $10,000. Ethereum's current price is 26.78% below its all-time high. Funding rates serve as an early warning indicator for potential market corrections. Ethereum's funding rates indicate that the market is still in a manageable state.