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ETH traders ramp up positioning, setting a price target at $3.4K

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 165 Views

Ether 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?

Ether (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.

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