ETH traders ramp up positioning, setting a price target at $3.4K
Ethereum traders ramped up leverage as futures dominance surged and key technical levels came into play. Will ETH bulls succeed in catalyzing a rally to $3,400?
Ethereum (ETH) traders are quietly rotating back into leverage, with fresh futures data signaling a major shift in market positioning as ETH approaches a critical technical zone.
Key takeaways:
Ether leads all major crypto assets in the futures-to-spot ratio, with the current rating at 6.84.
