ETH: Summary of discussions in the CoinAnk Chinese discussion group (14:00:10 ~ 15:00:10)

[Extracting viewpoint materials] The spot price of ETH is $2030.84, and the contract price is $2029.6. The price fell 1.18% in the past hour and 3.51% in the past four hours, indicating short-term price pressure. The funding rate is -0.0084%, indicating low short-selling costs and potential short pressure. The long/short ratio is 1.849, showing a significant increase in long positions compared to short positions. The total trading volume across the network reached 50.468 billion yuan in the past 24 hours, with total open interest at $19.926 billion. Open interest decreased by 2.75% in the past hour but increased by 2.30% cumulatively over 24 hours, reflecting some volatility and activity in the market. ETH's market capitalization is approximately $245.034 billion, with a circulating supply of 120 million, maintaining its core position in the Layer-1 and smart contract sectors. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479；ref: window] ETH was priced higher four hours ago at $2061.54, with a contract price of $2059.89. The price has fallen 2.09% in the past hour and 2.38% in the past four hours. The funding rate is positive at 0.0005%, and the long/short ratio is 1.7167, indicating that the bullish advantage has weakened compared to the current window. The 24-hour trading volume was 48.368 billion yuan, with open interest at $20.069 billion. Open interest decreased by 1.31% in the past hour and increased by 2.64% in the past 24 hours, indicating a relatively stable inflow of funds. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 11:45:01/#2135454; ref: ctx] The ETH funding rate has turned negative, indicating increased short interest and lower costs for short sellers, which could push prices further down. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479; ref: window] The ETH long/short ratio rose from 1.7167 to 1.849, indicating an increase in long positions, but the price still fell, possibly indicating profit-taking by longs or a lack of market confidence. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479; ref: window] The 24-hour trading volume increased from 48.368 billion to 50.468 billion, indicating increased trading activity and a rise in market activity and faster capital flow. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479; ref: window] ETH holdings decreased significantly within one hour (-2.75%), but still increased over 24 hours (+2.30%), indicating that some short-term funds have withdrawn, but overall bullish sentiment remains. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479; ref: window] The price of ETH has fallen continuously in the short term, and the funding rate has turned from positive to negative, suggesting that short-selling pressure is increasing and the market may face downward pressure. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479; ref: window] The circulating supply of ETH has remained stable at 120 million, with a market capitalization of approximately $245 billion, indicating no significant fluctuations in the token supply. Price changes are primarily driven by liquidity and market sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479; ref: window] [Summarizing Key Clues (Optional)] - ETH prices continued to fall in the short term, with a drop of more than 3% in 4 hours. - Funding rates turned negative, reducing the cost of short selling and increasing short selling willingness. - The ratio of long to short positions increased, indicating that the number of long positions increased but prices still fell, suggesting that long positions may be taking profits. - Increased 24-hour trading volume indicates improved market activity. - Positions decreased in the short term but maintained growth throughout the day, indicating a divergence in fund flows. - ETH has a stable supply, and its price changes are influenced by funding conditions and market sentiment.