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As of 10:19 AM, January 6, 2025 (GMT-5), Ethereum (ETH) is priced at $3,690.19, showing a +1.87% increase from its previous close of $3,634.96. The cryptocurrency has been trading within a day’s range of $3,614.58 – $3,694.96, with a 52-week range from $2,122.55 – $4,106.96. Ethereum’s market cap stands at $444.950 billion, with a circulating supply of approximately 120.47 million ETH. Over the last 24 hours, $19.19 billion worth of Ethereum has been traded across active markets.
Ethereum (ETH) has seen a surge in leverage trading, with its leverage ratio climbing to a new high of 0.57 as of January 3, 2025. This marks a significant increase from the ratio of 0.37 at the start of the final quarter of 2024, according to data from analytics firm CryptoQuant.
A rising leverage ratio suggests that more traders are utilizing leverage, which allows them to control larger positions in the market with relatively small amounts of capital. The fact that Ethereum’s leverage ratio has crossed the 0.5 threshold indicates that a substantial amount of trading activity is happening in the futures market, with leverage playing a prominent role.
Leverage trading involves higher risks, but it can also amplify returns, drawing in more speculative investors. Ethereum’s growing leverage ratio highlights the increasing risk-taking in the market as traders look to capitalize on its price movements.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.