#EthereumFuture Ethereum futures are currently experiencing heightened volatility. The market shows signs of being overheated, with the Estimated Leverage Ratio reaching 0.39—the highest since early July—indicating increased speculative trading and a potential short-squeeze scenario . Open interest in Ethereum futures has surged nearly 20%, suggesting new capital inflows, yet this also raises concerns about potential over-leveraging . Additionally, a recent outflow of over $20 million from U.S. spot Ethereum ETFs reflects waning institutional confidence . Traders should exercise caution, as these indicators point to a market susceptible to sharp corrections.   $ETH