Ether Leverage Use Surges As Bulls Aim To Liquidate Shorts: Is $2.5K Next?
Ether surpassed $2,000 with derivatives inflows spiking and leverage hitting a record high, suggesting a push to liquidate short positions.Summary
Ether (ETH) reclaimed the $2,000 level amid heightened derivatives market activity, marked by a net inflow of over 110,000 ETH into platforms and a record-high estimated leverage ratio of 0.78. This surge in leverage indicates aggressive use of borrowed capital, amplifying potential price moves. Currently trading within a monthly range between $1,800 and $2,000, the market's focus is shifting toward the $2,050–$2,100 supply zone. A dense cluster of short liquidations, totaling about $273 million, sits near $2,030, which could act as a magnet and accelerate upward volatility if triggered. Analysts note that ETH is also testing a long-term ascending trendline, making the $1,900–$2,000 area a critical determinant for the next significant price move.
(Source：Cointelegraph)