The post Ethereum traders are chasing greed – But ETH’s ATH isn’t coming yet appeared on BitcoinEthereumNews.com.

Key Takeaways Ethereum saw a trader lock in a 236× long return in just four months. Now the question is: Does this spark real upside, or drag ETH into a leverage-fueled volatility trap? Ethereum [ETH] has opened the week on the back foot. It has printed a 3.22% intraday dip, wicking down to $4,283, after briefly tagging 14% dominance. Meanwhile, the broader market flipped risk-off, with the total crypto market cap sliding 2.45%. In this setup, late shorts often chase downside volatility, betting that quick fades will pay. And yet, data shows Ethereum leverage skewed long. Is this sustained conviction, or overextended greed primed for a squeeze? Big ETH long payouts The derivatives market is the purest form of “high-risk, high-reward.”  Lookonchain flagged a perfect example. A trader ran $125k into $29.6 million in just four months by going long ETH. The trade lined up with ETH’s climb off the $1,800 lows to its cycle peak at $4,793. Put simply, it was a precision leverage play, catching the full leg of Ethereum’s breakout. And now, that kind of aggressive positioning looks like it’s bleeding into the broader market. Source: CoinGlass On Binance, the 24H ETH/USDT perp is showing 64.12% long dominance, signaling traders are stacking longs and essentially pricing in the potential for another 200×+ style move. But in a volatile tape, this kind of skew is a double-edged sword. What starts as conviction can morph into pure greed, with traders chasing FOMO instead of watching macro flows or micro liquidity signals. Now the key is spotting who’s really riding Ethereum’s leg. That will tell us if the rally has structural support, or if ETH is just looping through another volatility squeeze. Ethereum’s macro overhang Technically, ETH has given back its weekly gains, dipping nearly 5% to $4,271 as macro…

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Filed under: News - @ August 18, 2025 9:20 am