Ethereum New Liquidity Cycle? This Binance Indicator Says Yes

Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. According to CryptoQuant, Ethereum 's estimated leverage ratio on Binance might be hinting at a liquidity shift. The Ethereum estimated leverage ratio on Binance has gradually recovered, reaching a value of 0.69 in mid-March. Advertisement Ethereum’s ELR Signals a New Liquidity Cycle “Ethereum's estimated leverage ratio on Binance has gradually recovered, reaching a value of 0.69 in mid-March. The new ELR growth trajectory signals fresh optimism towards digital assets.” – By @oinonen_t pic.twitter.com/KgzUAi6har — CryptoQuant.com (@cryptoquant_com) March 17, 2026 The Oct. 10 sell-off on the market saw a leverage reset , which caused the Ethereum estimated leverage ratio (ELR) on Binance to fall from 0.56 to 0.41, marking a 27% decline. This sell-off marked the largest 24-hour liquidation event in crypto history, with over $19 billion in leveraged positions liquidated within 24 hours. HOT Stories Ripple Stablecoin Rival PayPal Brings PYUSD to 70 Countries, Shiba Inu (SHIB) Breaks Key Threshold with Bullish 237 Billion Outflow, Citi Lowers Bitcoin Price Prediction to $112,000: Morning Crypto Report Rich Dad Poor Dad Author: Bitcoin to Hit $750,000 You Might Also Like Mon, 03/16/2026 - 13:22 Ethereum Open Interest Jumps 18%, Bull Trap Signal? By Tomiwabold Olajide Advertisement Since then, Ethereum's estimated leverage ratio on Binance has seen a recovery and has rebounded, reaching a value of 0.69 as of this writing. This shift signals fresh optimism on the market, with investors seeking additional leverage. CryptoQuant's Ethereum estimated leverage ratio (ELR) is a market indicator that measures the average leverage used by traders on the Ethereum derivatives market. Ethereum price According to Ali charts, the $2,152 resistance has been cleared, and the trend has officially shifted bullish. The next targets expected for ETH are at $2,337 and $2,538. Advertisement You Might Also Like Mon, 03/16/2026 - 12:56 Ethereum's Breakout Marks Altseason's Start, Hints Macroeconomist Henrik Zeberg By Yuri Molchan Veteran Trader Peter Brandt highlights a "small bottom" on Ethereum's daily chart located "in an area of longer term historical support." Ethereum rose for eight days at a stretch from March 9 to 17, reaching $2,386 on Monday before slightly retreating. If the rise continues, ETH might rise to $2,600 and then to $3,450. Such price action suggests that Ethereum may have bottomed out at $1,747. The $2,000 level remains one to watch out for on the downside. A close below this level might signal that the bears dominate at higher levels and the price may fall to $1,916. The Fed meeting that begins today and concludes Wednesday remains the focus for traders. CME FedWatch still prices a 95% probability of Fed rates being held at 3.5% to 3.75%, so the decision itself is a non-event. #Ethereum News #Binance #Ethereum Price Prediction