Ethereum (ETH) Attracts Investor Interest Amid Bullish Sentiment

以太幣（ETH）在看漲情緒中吸引了投資者的興趣

Ethereum (ETH) is gaining momentum as investors shift their focus away from Bitcoin (BTC). Derivatives market indicators suggest strong short-term bullishness for the second-largest cryptocurrency by market capitalization.

隨著投資者將注意力從比特幣（BTC）轉移，以太坊（ETH）正在獲得動力。衍生性商品市場指標表明，按市值計算第二大加密貨幣的短期看漲勢頭強勁。

Over the weekend, ETH experienced a surge in open interest and implied volatility, indicating increased confidence among derivatives traders. This enthusiasm has translated into a notable price rally, with ETH gaining over 6% in the past 24 hours, reaching a peak of $3,513. Conversely, Bitcoin witnessed a slight 0.5% decline.

週末，ETH 的未平倉合約和隱含波動率激增，表明衍生性商品交易者信心增強。這種熱情已轉化為顯著的價格上漲，ETH 在過去 24 小時內上漲超過 6%，達到 3,513 美元的峰值。相反，比特幣小幅下跌 0.5%。

Analysts at Wintermute observed a clear shift in favor of ETH in their weekly crypto market update. They noted that "flows over the last few sessions have shifted in favor of ETH, with open interest on exchanges reaching all-time highs over the weekend."

Wintermute 的分析師在每週的加密貨幣市場更新中觀察到明顯轉向 ETH。他們指出，“過去幾個交易日的資金流向有利於 ETH，週末交易所的未平倉合約達到歷史新高。”

This shift was further evidenced by a significant increase in implied volatility for ETH and a 12-month high in the put-call skew, reflecting a growing preference for upside risk. Wintermute reported that "large blocks over the weekend included December 27 ETH call spreads with strike prices ranging from $3,600 to $5,000." The analysts also observed that recent ETH call contracts were trading at a premium of 8-10 points, which could stimulate hedging activity via 10-25 day risk reversals.

ETH 隱含波動率大幅上升以及看跌期權偏度創 12 個月新高，進一步證明了這一轉變，反映出人們對上行風險的偏好日益增強。 Wintermute 報告稱，“週末的大宗交易包括 12 月 27 日的 ETH 看漲期權價差，執行價格從 3,600 美元到 5,000 美元不等。”分析師還觀察到，近期 ETH 看漲合約的溢價為 8-10 點，這可能會透過 10-25 天的風險逆轉刺激對沖活動。

ETH's bullish momentum has positively impacted altcoins, especially ERC20 tokens. Over-the-counter (OTC) demand has escalated, with the Pepe memecoin emerging as a standout performer. Pepe has surged over 54% in the last two weeks, fueled by its increasing popularity in Layer 2 ecosystems.

ETH 的看漲勢頭對山寨幣，尤其是 ERC20 代幣產生了積極影響。場外交易 (OTC) 需求不斷升級，佩佩模因幣 (Pepe memecoin) 表現突出。在 Layer 2 生態系統中越來越受歡迎的推動下，Pepe 在過去兩週內飆升了 54% 以上。

Please note that this is not investment advice.

請注意，這不是投資建議。