#cryptotradingpro

Ethereum Hits Multi-Year Highs, But Leverage Risks Loom 🚀⚠️

$ETH just smashed past $4,300, its highest level since Nov 2021, driven by surging institutional demand, massive ETF inflows ($726.6M daily!), and robust on-chain activity. 🏦📈 Ark Invest and Fundamental Global are piling in, with $108.57M and $200M in ETH buys, respectively. Staking is up, transaction volumes are soaring, and upcoming upgrades like Pectra and Fusaka promise scalability boosts. The mid-term outlook is bullish as ever! 💪

But hold up—short-term risks are flashing. The Estimated Leverage Ratio (ELR) is at 0.68, nearing historical highs, signaling overheated leverage. 📊 Binance netflows are spiking, hinting at potential sell pressure from liquidations or arbitrage. ETH is testing a key resistance zone ($4,020–$4,060), and a failure here could spark volatility. ⚡

The 4-hour chart shows ETH consolidating around $4,240 after breaking $3,860 resistance. Support at $3,860–$3,900 is critical. A push above $4,300 could target $4,450–$4,500, but a drop below support might shake things up. 📉

Big picture: Ethereum’s fundamentals are rock-solid, but high leverage calls for caution. Are you riding the wave or bracing for a dip? 🌊