ETH Leverage Ratio Surges to Record High The estimated leverage ratio for Ethereum (ETH) has reached a record high of 0.57, indicating increased risk appetite and speculative behavior among traders. This is significantly higher than the 0.37 recorded in early Q4 of last year, according to data from CryptoQuant reported by CoinDesk. In contrast, the estimated leverage ratio for Bitcoin (BTC) currently stands at 0.269, its highest since early 2023 but still below its all-time high of 0.36. This suggests that while traders are becoming more leveraged in ETH, they remain cautious with BTC. This disparity in leverage ratios indicates that ETH could exhibit increased volatility in the near future compared to BTC. Traders should exercise caution and manage their risk exposure accordingly.