Ethereum derivatives-related metrics, such as Open Interest and Estimated Leverage Ratio, have surged recently.The Open Interest in Ethereum has reached a new record high of over $13 billion, indicating increased speculative interest.The Estimated Leverage Ratio has also spiked, suggesting overleveraged positions and the potential for a mass liquidation event.Ethereum's current price is around $3,000, experiencing a 7% decline over the past week.