NewsBTC •
May 14, 2026 at 13:20 •
Analysis
Ethereum is consolidating between $2,250 and $2,450 as the market searches for the catalyst or the structural shift that forces a decisive move in either direction. The price is holding but not breaking — and CryptoQuant analyst MorenoDV has identified a divergence in the derivatives data across two of the largest exchanges in the world that adds a specific risk dimension to the current setup that most participants are not watching. Related Reading: XRP Holds Key Level, But Binance Flow Data Signals Weakening Demand The analysis examines the Estimated Leverage Ratio — the measure of how much derivatives exposure is being built on top of the ETH reserve base held by each exchange. A higher ratio does not automatically signal danger, but it does describe a more sensiti...
