Major Ethereum Metric Just Hit A New All-Time High – Can Price Reclaim $3,000?

Ethereum’s derivatives market is showing signs of a decisive shift beneath the surface, and price action is about to return above the $3,000 mark. On-chain data suggests trader behavior on major exchanges is shifting into a more accumulative phase. Even as ETH continues to linger below the psychologically important $3,000 price level, this metric indicates that market participants are already preparing for a bullish move and a test of direction in the days ahead. Related Reading: XRP ETFs Grow Past $60M As Price Struggles To Respond Ethereum Leverage Ratio Prints New All-Time High Data from on-chain analytics platform CryptoQuant shows that Ethereum’s Estimated Leverage Ratio on Binance has climbed to 0 source: https://www.newsbtc.com/altcoin/major-ethereum-metric-just-hit-a-new-all-time-high-can-price-reclaim-3000/