Ethereum’s leverage ratio reaches a new high, and market speculation is active. According to CryptoQuant data, Ethereum’s rough calculation leverage ratio has climbed to 0.57, a significant increase from 0.37 at the end of last year. This data is calculated by dividing the open interest of global futures contracts by the total amount of ETH held in the exchange’s wallets. The rise in leverage reflects market participants' increased tolerance for risk and increased speculative activity. In comparison, Bitcoin’s leverage ratio is 0.269, which is still below its historical peak despite reaching a new high for the year. CryptoQuant predicts that Ethereum’s future price volatility may be twice that of Bitcoin.