"Ethereum (ETH) Rally, Investor Sentiment Recovers... Mysterious Gift Funding Ratio Rises"

On the 28th (local time), crypto analyst ShayanBTC stated, "The recent rally of Ethereum (ETH) has reignited investor enthusiasm," adding, "The price of ETH is turning around major resistance levels, and there is an expectation that it could test previous highs by the end of the year." Furthermore, "The mysterious gift market funding ratio for ETH has been steadily rising over the past few weeks," indicating that "this reflects a strong sentiment among traders." However, it was noted that "although ETH has recorded previous highs, it is still at a relatively low level," explaining that "the market is gaining momentum, but it is not yet in an overheated state." Additionally, "Looking at past cases, when the funding ratio rises sharply, adjustments or large-scale corrections often follow," but "currently, the funding ratio does not seem to be at a level that would bring about such a storm."