Ethereum is currently experiencing high leverage levels, which could signal an impending breakout. However, the cryptocurrency faces strong resistance around the $3,500 mark. Despite this, various market metrics indicate that traders are growing more confident about Ethereum's trajectory.
Traders and investors are watching closely as leverage increases, assessing whether this will lead to bullish momentum for Ethereum. The market is poised for potential shifts, and Ethereum's next movements could set the tone for future price changes in the crypto markets.
