Ethereum's leverage ratio on major exchanges has reached an unprecedented level, significantly increasing market sensitivity to price fluctuations. This development indicates that traders are currently exposed to heightened volatility, with Ethereum's leverage levels surpassing those of Bitcoin by more than double. Analysts caution that this could lead to sharp price movements in either direction, advising traders to reduce positions, lower leverage, and implement stop-loss strategies. Long-term holders are advised to prepare for potential market turbulence.