Ethereum: Why ETH’s $2K breakout could hinge on ONE missing signal
Ethereum's fundamentals are improving rapidly, but can they offset the risks from an increasingly leveraged market?
Quick take
Read original at AMBCrypto Ethereum's rally is backed by strong on-chain activity and growing developer adoption, with record-high weekly transactions and low fees. However, rising leverage and weak spot demand could make a breakout above $2,000 fragile. Ethereum's Perp Futures-to-spot Volume Gap on Binance remains elevated, indicating leveraged activity outpaces spot demand.
Summarised by netranta from AMBCrypto. Open the original for the full story.
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