ETH: Summary of discussions in the CoinAnk Chinese discussion group (16:00:10 ~ 17:00:10)

[Extracting viewpoint materials] The spot price of ETH is around $2002, while the contract price is slightly lower, indicating some short-term market pressure. The price has fallen 0.36% in the past hour and more than 3% in the last four hours, reflecting a short-term pullback trend. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window] The ETH funding rate is negative (-0.0185%), indicating that short sellers are in control of the market, with the cost of short being lower than that of long, and the funding environment favoring the short side. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window] The long/short ratio is 2.3557, indicating that long positions significantly outnumber short positions, suggesting investors are bullish on ETH. However, the price has fallen in the short term, indicating a divergence between bulls and bears. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window] The total trading volume across the network reached $53.207 billion in the past 24 hours, with total open interest of approximately $19.774 billion, representing a 1.49% increase in open interest over the past 24 hours, indicating high market activity and a slight increase in capital inflows. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window] The open interest changed only slightly over the past hour, decreasing by just 0.05%, indicating relatively stable short-term capital flows. There were no signs of significant liquidations or rapid capital outflows. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window] Ethereum's market capitalization is $241.651 billion, with a circulating supply of 120 million, maintaining a high market capitalization and reflecting its market position as a mainstream asset. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window] The discussion mentioned that ETH encompasses the Ethereum ecosystem, layer-1, and smart contracts, suggesting a high level of market attention to the ETH ecosystem and smart contract applications. Speculation remains focused on technological and ecosystem development. [src: @CoinAnk Chinese Discussion Group, 2026-02-10 16:40:37/#2137548; ref: window]