ETH: Summary of discussions in the CoinAnk Chinese discussion group (15:00:10 ~ 16:00:10)

[Analysis of Key Takeaways] The spot price of ETH is $2014.5, down 1.91% from one hour ago and down 4.52% from four hours ago, indicating short-term price pressure. The contract price is $2013.19, with a funding rate of -0.0105%, indicating that short sellers are in control and have low holding costs. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588; ref: window] The total ETH trading volume across the network reached 53.324 billion yuan in the past 24 hours, an increase from one hour ago, indicating high market activity. The total open interest across the network is 19.762 billion yuan, a decrease of 2.80% in one hour and a slight increase of 1.30% in 24 hours, reflecting some short-term capital outflow but overall stable positions. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588；ref: window] The long/short ratio is 2.1143, up from 1.849 an hour ago, indicating an increase in the number of long positions relative to short positions. However, the funding rate is negative, suggesting cost pressure and potential liquidation risk for long positions. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588；ref: window] ETH's market capitalization is $242.808 billion, with circulating supply remaining at 120 million, indicating stable overall supply. Market attention remains focused on sectors such as the Ethereum ecosystem, layer-1, and smart contracts. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588; ref: window] [Questioned] The persistently negative funding rate and the dominance of long positions suggest a potential risk of passive squeeze on long funds, indicating intense short-term capital competition and divergent market sentiment. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588; ref: window] ETH contract prices are roughly in line with spot prices, indicating a high degree of acceptance of the spot trend in the contract market, with no significant premium or discount. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588；ref: window] (Multiple repetitions) ETH total network open interest has decreased continuously in the past hour, and slightly rebounded in the past 24 hours, indicating short-term capital fluctuations and adjustments, but overall positions are relatively stable. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588；ref: window][src: @CoinAnk Chinese Discussion Group, 2026-02-10 14:43:09/#2136479；ref: ctx] ETH price has cumulatively fallen by more than 4% in the past 4 hours, showing significant short-term pressure. Market risk appetite has decreased, and traders may adjust their long/short strategies to cope with market volatility. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588; ref: window] The funding rate increased from -0.0084% to -0.0105%, indicating a further reduction in short-selling costs and a possible strengthening of short-selling power. Short-term funds remain wary of a downward trend. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588; ref: window] The focus of the ETH sector is concentrated in the areas of the Ethereum ecosystem, layer-1, and smart contracts. Market speculation continues to revolve around ecosystem building and smart contract applications. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 15:03:07/#2136588; ref: window] 【Key Clues Summary】 1. ETH price continues to decline in the short term, with a drop of over 4% in 4 hours. 2. Funding rates are negative and continuing to increase, reducing the cost for short sellers. 3. The long/short ratio is increasing, with more long positions but facing cost pressures. 4. Open interest fluctuates in the short term, but overall positions are relatively stable. 5. Market attention is focused on the Ethereum ecosystem, layer-1, and smart contract sectors.