ETH: Summary of discussions in the CoinAnk Chinese discussion group (04:00:06 ~ 05:00:06)

[Analysis Material Extraction] The spot price of ETH is $2946.87, and the futures price is $2945.52, indicating that the spot and futures prices are basically synchronized, reflecting market price stability. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] ETH prices rose 0.23% in the past hour and 0.86% in the past four hours, showing a mild upward trend in the short term, which may attract the attention of short-term traders. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] ETH funding rate is 0.0070%, a positive value indicating that long positions are paying the short rate, suggesting that bullish sentiment is slightly dominant and funding is biased towards the bulls. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] The long/short ratio is 2.1827, indicating that the number of long positions significantly exceeds that of short positions, suggesting that market participants are bullish on ETH, which may drive the price further up. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] The total trading volume across the network reached $33.344 billion in the past 24 hours, indicating active ETH trading, ample liquidity, and high market activity. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] The total open interest across the network is $28.786 billion, an increase of 0.30% compared to one hour ago, indicating that funds are flowing into the futures market and short-term trading activity is increasing. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] The 1.30% decrease in open interest over the past 24 hours indicates that some positions have been liquidated or profits have been taken, increasing short-term volatility and potentially triggering price fluctuations. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] ETH's market capitalization reached $355.526 billion, with a circulating supply of 120 million, reflecting ETH's market size and trading activity as a mainstream asset. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] ETH belongs to various sectors including ethereum-ecosystem, layer-1, and smart-contracts, demonstrating its diversified ecosystem and the support of smart contracts and underlying chain value, continuously attracting investor attention. [src: @CoinAnk Chinese Discussion Group, 2025-12-25 04:28:26/#1564576; ref: window] 【Key Clues Summary】 - ETH price saw a moderate short-term increase, with bullish sentiment dominating the market. - The long/short position ratio is high, with long positions significantly outnumbering short positions. - The funding rate is positive, indicating a bias towards long positions. - 24-hour trading volume and open interest are active, indicating ample liquidity. - Open interest has fluctuated slightly in the short term, suggesting some profit-taking. - The ETH ecosystem is diverse, encompassing smart contracts and layer-1 chains, providing strong fundamental support.