Ethereum leverage hits peak levels: Is a bullish breakout coming? – BitRss

• Ethereum’s leverage ratio and fund holdings signal rising trader and institutional confidence.
• Despite bearish indicators, Ethereum’s long-term potential remains supported by steady demand.

Following the U.S. election, Bitcoin [BTC] has enjoyed a notable bullish surge, capturing the spotlight. Meanwhile, Ethereum [ETH] has struggled to replicate this momentum, failing to reach a new all-time high despite its significant role in the blockchain ecosystem.

However, a closer look at Ethereum’s key metrics reveals a different story. Despite recent market corrections, several bullish indicators are emerging, suggesting that traders remain optimistic about the asset’s potential for future growth.

As Ethereum continues to evolve, its long-term outlook could be brighter than it appears at first glance.

Ethereum: What the metrics say