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Ethereum Price Holds Ground at $2,370 Amid Elevated Leverage Risk

Guavy AI Editorial Team
Instruments
ETH
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Ethereum's price held above $2,370 on August 21 after a sharp rally cleared prior resistance.

The move kept momentum positive, but leverage data pointed to growing liquidation risk.

CoinGlass recorded a 3.02% daily gain and a 23.82% seven-day advance in Ethereum's market capitalization, which reached $283.06 billion.

Futures turnover exceeded $74.22 billion during the same period, while spot volume was near $5.07 billion.

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Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

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