Ethereum’s Price Stalls Below $3,500 as Leverage Ratios Climb—What Next?

Description

Ethereum has been consolidating in a tight price range for several months, trading between $3,200 and $3,500. Despite the broader market’s recent upward movement, ETH still struggles to break out of this range. This stagnation comes after a prolonged decline from its all-time high of $4,800, recorded in late 2021. The cryptocurrency is now down roughly 32% from this peak. Notably, even the appointment of the new pro-crypto administration and a renewed sense of regulatory clarity have done little...