Ether Looks Overleveraged as Cryptocurrency Hits New High Over $1,900

Ether's derivative market looks overheating amid the cryptocurrency's rally to new record highs.

The Ethereum blockchain is growing fast thanks to DeFi, and some traders say the ether cryptocurrency could notch further gains.

GameStop comedown shows appeal of social media-fueled trading. Dogecoin chatter in Reddit reveals cryptocurrency analogue.

Ether has more than doubled in value this year, outperforming bitcoin.

The last time bitcoin’s closing price was under $30,000 was Jan. 1, according to CoinDesk 20 data.

With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.