Odaily Planet Daily News According to CryptoQuant analyst Burak Kesmeci, the current funding rate of Ethereum (ETH) may indicate an imminent significant pump. Kesmeci analyzed the funding rate data of ETH over the past year and found two similar periods of 'calm before the storm.' In September 2023, the funding rate fluctuated between 0.002 and 0.005, and then surged after breaking through 0.015, causing the price of Ethereum to soar from the $1500 range to over $4000. In September 2024, the Ethereum funding rate has been maintaining a similar level for nearly a month. Kesmeci said, 'Although it is uncertain whether history will repeat itself, there does seem to be some kind of pattern in the market.' He pointed out that the crypto market usually becomes active in the fourth quarter after the intensive summer holidays. Kesmeci suggested that investors closely follow the funding rate to see if it surpasses the key threshold of 0.015, considering it as a core indicator for tracking healthy rises in the Bull Market cycle.