Ethereum Price Holds $2,370 While Leverage Raises Pullback Risk

Key Insights:

• Ethereum price held above $2,370 as leveraged positioning expanded.
• ETH futures activity remained far larger than spot trading volume.
• Resistance near $2,396 could determine the next short-term move.

Ethereum price held above $2,370 on Aug. 21 after a sharp rally cleared prior resistance. TradingView’s one-minute ETH/USD chart showed $2,376.1 at 04:04 UTC-4. The move kept momentum positive, while leverage data pointed to growing liquidation risk.

The advance mattered because derivatives activity expanded much faster than spot turnover. That imbalance left ETH exposed to sharper intraday swings if leveraged traders exited together. Ethereum’s broader network roadmap offered no immediate market catalyst during the session.

Ethereum Price Holds Gains as Trading Activity Accelerates

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