ETH LEVERAGE PLUMMETS TO YEAR LOW $BTC
Binance ETH leverage ratio drops to 0.557. This is the lowest since December 2024. Traders are de-risking around the $2,000 zone. This sets the stage for a more stable price floor. Speculative positions are being unwound across derivatives. High leverage positions are being liquidated. This indicates a shift to more conservative strategies. This pattern often appears after periods of high volatility. It signals a market seeking stability. $ETH is trading near $2,000 after a sharp correction. Shorter, mid, and long-term moving averages are all trending down. The $1,900-$2,000 range is acting as short-term support. Lower support levels could be exposed if this fails. Volume surged on recent selling but has since decreased. This aligns with consolidation, not an immediate reversal. Deleveraging phases often precede new price bases. Lower leverage means calmer price action. This could pave the way for healthier price discovery.
Disclaimer: This is not financial advice.
#ETH #CryptoTrading #Deleveraging #FOMO 🚀
