ETH at Risk? Four Indicators Point to More Pain Ahead
The post ETH at Risk? Four Indicators Point to More Pain Ahead appeared on BitcoinEthereumNews.com.
Ethereum (ETH) has traded sideways around the $3,000 level for the past two weeks. Although recent buying came from firms such as BitMine and Trend Research, the demand appears insufficient. The following data reveals the rest of the picture, as selling pressure remains equally strong. As a result, ETH is unlikely to stage a quick recovery in the short term. Sponsored Sponsored 1. ETH Exchange Reserves Rise Again During Christmas Week Data from CryptoQuant shows that ETH reserves across all exchanges had declined steadily for several months. However, the trend reversed in December. This week, ETH exchange reserves increased from 16.2 million to 16.6 million. That rise equals roughly 400,000 ETH transferred onto exchanges. Ethereum Exchange Reserve. Source: CryptoQuant. On-chain data reveals that one “OG whale” alone deposited 100,000 ETH into Binance. Recent BeInCrypto reports show that BitMine Immersion Technologies bought 67,886 ETH this week. Trend Research also purchased 46,379 ETH. Even so, these figures remain smaller than the amount of ETH moved onto exchanges. If ETH is transferred to exchanges for liquidation and exceeds buying absorption, selling pressure could intensify. If this trend continues into the final days of the year, ETH prices may face further downside pressure. 2. Ethereum’s Estimated Leverage Ratio Remains Elevated Another key metric is Ethereum’s Estimated Leverage Ratio, which remains at an alarming level, according to CryptoQuant. Sponsored Sponsored This ratio equals exchange open interest divided by coin reserves. It reflects the average leverage used by traders. Rising values suggest more investors are taking on higher leverage in derivatives markets. Ethereum Estimated Leverage Ratio. Source: CryptoQuant. On October 10, the day with the largest liquidation losses in market history, the ratio stood at 0.72. Currently, the ratio has returned to similar levels. Some readings even reach as high as 0.76. With leverage still elevated,…
Filed under: News - @ December 25, 2025 3:27 pm