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Ethereum surpassing $3,390, volatility expected due to surge in leverage trading volume
Recently, leverage trading participation in the Ethereum market has been increasing unprecedentedly. The ratio of futures to spot trading has reached 6.84, the highest in Q4, highlighting traders’ aggressive positioning. This signals a spreading strategy of seeking profits through exposure multiples higher than simple spot buying.
Currently, Ethereum’s price is around $3.14K, and analysts believe that a significant inflection point could occur around the $3,000 support level. If this level holds, there is ample room for Ethereum to rise to $3,390.
Why Ethereum is traded more aggressively than other major assets
By comparing the spot-futures ratio of Bitcoin and Solana, we can see how strong Ethereum’s leverage demand is. During the same period, Bitcoin’s open interest has been decreasing, while Ethereum maintains a stable level and even shows increased trading intensity. This is interpreted as investor funds flowing from Bitcoin to Ethereum.
Future scenarios and risk factors
Industry analysts have differing opinions. Optimists expect Ethereum to reach $3,390 if technical support levels are confirmed, while conservative views warn of potential further corrections if the $3,000 defense fails. These polarized outlooks suggest that the current market is at a major crossroads.
Given the high proportion of leverage trading, increased volatility seems inevitable. Whether Ethereum can reach the $3,390 target largely depends on the ability to maintain technical support and market sentiment.