Ethereum has been trading between $3,200 and $3,500, struggling to break out despite broader market movements. The cryptocurrency is down 32% from its all-time high of $4,800. Increased leverage ratios may signal a potential price move, notes ShayanBTC on CryptoQuant.
The climbing leverage ratios indicate traders’ increased risk appetite, which might lead to sharp price movements, warns Shayan. The ETH market shows signs of a possible bullish breakout, but sudden leverage changes could cause unexpected volatility.
Currently trading at $3,282, Ethereum shows positive trading volume trends, contrasting its lackluster price performance. Analyst Javon Marks predicts a future rally reaching $12,000, referencing historical Fib Level performances.
Источник: www.newsbtc.com ↗