Ethereum (ETH) has been experiencing a price decline since March, despite the launch of ETH ETFs. Recent technical indicators now suggest a potential price breakout for the cryptocurrency.
Whale interest in ETH is slowly reemerging, following a market slump during the summer. Additionally, ETH exchange inflows are decreasing, which may indicate easing sell pressure on the token.
Positive funding rates among ETH futures traders also signify growing optimism regarding the future price movements of Ethereum.
