🚨 Ethereum Setup Getting Risky

Whales have recently accumulated 466K Ethereum the second-largest inflow this cycle.
At the same time 👇
• ETH is down ~7% this week
• Stablecoin supply is at record highs (liquidity is there)
But here’s the concern ⚠️
• Leverage ratio just hit an all-time high
👉 When leverage is this elevated:
• Even a small drop can trigger liquidations
• Liquidations lead to forced selling
• That selling creates a cascade effect
-Key level to watch: $1.9K
If ETH loses this level, the move down could be sharp, not gradual.
#Ethereum #ETH #Crypto #Trading #Liquidations #Markets #OnChain