ETH: Summary of discussions in the CoinAnk Chinese discussion group (11:00:11 ~ 12:00:11)

[Extracting viewpoint materials] ETH prices are fluctuating wildly, with frequent short-term volatility, suggesting potential uncertainty in market sentiment. [src: @Anonymous/CoinAnk Chinese Discussion Group, 2026-02-09 11:35:14/#2127729; ref: window] The spot price of ETH is approximately $2071, while the futures price is slightly lower. Prices have seen slight declines in the past hour and four hours, at -0.58% and -1.46% respectively. [src: @CTX/CoinAnk Chinese Discussion Group, 2026-02-09 10:16:35/#2127531; ref: ctx] The ETH funding rate is negative (-0.0038%), indicating that longs are paying shorts, and the market sentiment is bearish in the short term. [src: @CTX/CoinAnk Chinese Discussion Group, 2026-02-09 10:16:35/#2127531; ref: ctx] The long/short position ratio is close to 2, indicating that the number of long positions is approximately twice that of short positions, suggesting a certain tendency to long. However, combined with the negative funding rate, there may be caution among long positions or profit-taking. [src: @CTX/CoinAnk Chinese Discussion Group, 2026-02-09 10:16:35/#2127531；ref: ctx] The total trading volume of ETH across the network reached 39.234 billion yuan in the past 24 hours, with a total open interest of approximately 19.443 billion yuan. Open interest decreased by 0.66% and 1.61% in both the 1-hour and 24-hour periods, respectively, reflecting a slight weakening of market activity. [src: @CTX/CoinAnk Chinese Discussion Group, 2026-02-09 10:16:35/#2127531; ref: ctx] With a market capitalization of approximately $249.7 billion and a circulating supply of 120 million, the ETH ecosystem, as a layer-1 smart contract platform, still possesses significant market size and liquidity support. [src: @CTX/CoinAnk Chinese Discussion Group, 2026-02-09 10:16:35/#2127531; ref: ctx] [Summary of Key Clues] - The price of ETH fluctuates frequently in the short term and is subject to uncertainty. - ETH funding rates are negative, and the market is biased towards a bearish trend in the short term. - The number of long and short positions is slightly higher, but the total open interest continues to decline slightly. - High 24-hour trading volume indicates a slight decrease in market activity. - The ETH ecosystem is large, and its market capitalization and circulating supply demonstrate its market position.