ETH: Summary of discussions in the CoinAnk Chinese discussion group (12:00:10 ~ 13:00:10)

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[Extracting viewpoint materials] The spot price of ETH is $1966.66, while the futures price is slightly lower at $1965.79, indicating that the futures market price is largely in sync with the spot price. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window] [Extracting viewpoint materials] ETH price rose 0.24% in the past hour and 0.99% in the past four hours, indicating a moderate upward trend in the short term. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window] [Extracting viewpoint materials] The ETH contract funding rate is -0.0035%, indicating that the cost of short is slightly lower than that of long, possibly reflecting a slightly cautious or bearish bias in the market. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window] [Extracting viewpoint materials] The ETH long/short ratio is 2.2321, indicating that long positions significantly outnumber short positions, suggesting that market investors are bullish on ETH. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window] [Extracting viewpoint materials] The total trading volume of ETH across the network in the past 24 hours was 51.893 billion, and the total open interest was 19.077 billion. Open interest increased by 0.61% in the past hour, but decreased by 3.86% over the past 24 hours, reflecting high short-term trading activity but a general decline in overall open interest. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window] [Extracting viewpoint materials] Ethereum (ETH) currently has a market capitalization of $237.358 billion and a circulating supply of approximately 120 million, reflecting its market size and circulation status as a layer-1 smart contract platform. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window] [Extracting viewpoint materials] Ethereum (ETH) has been categorized under the Ethereum-ecosystem, Layer-1, and smart-contracts sectors, with market speculation focusing on its core role as the foundational blockchain for smart contracts and the ecosystem. [src: @CoinAnk Chinese Discussion Group, 2026-02-12 12:02:28/#2156905; ref: window]

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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