diff --git a/buildman/manager/ephemeral.py b/buildman/manager/ephemeral.py
index b5b8cf608..a57589a95 100644
--- a/buildman/manager/ephemeral.py
+++ b/buildman/manager/ephemeral.py
@@ -120,7 +120,7 @@ class EphemeralBuilderManager(BaseManager):
           # at the index we retrieved. We therefore start a new watch at HEAD and
           # (if specified) call the restarter method which should conduct a read and
           # reset the state of the manager.
-          logger.exception('Etcd moved forward too quickly. Restarting watch cycle.')
+          logger.debug('Etcd moved forward too quickly. Restarting watch cycle.')
           new_index = None
           if restarter is not None:
             async(restarter())