Ethereum Reclaims $2,000 as Futures Leverage Ratio Sets Record at 0.995

Ethereum moved back above $2,000 on March 28, trading around $2,024 after sliding to a March 27 low of $1,971. The rebound followed an all-time high futures Estimated Leverage Ratio of 0.99495738, a reading that coincided with elevated open interest relative to exchange reserves. Leverage later eased to about 0.976 as positions unwound, while development activity rankings still showed MetaMask mUSD and other Ethereum-based projects leading by GitHub commits.