Ethereum (ETH) Attracts Investor Interest Amid Bullish Sentiment

以太坊（ETH）在看涨情绪中吸引了投资者的兴趣

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.

随着投资者将注意力从比特币（BTC）转移，以太坊（ETH）正在获得动力。衍生品市场指标表明，按市值计算第二大加密货币的短期看涨势头强劲。

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.

周末，ETH 的未平仓合约和隐含波动率激增，表明衍生品交易者信心增强。这种热情已转化为显着的价格上涨，ETH 在过去 24 小时内上涨超过 6%，达到 3,513 美元的峰值。相反，比特币小幅下跌 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 的分析师在每周的加密货币市场更新中观察到明显转向 ETH。他们指出，“过去几个交易日的资金流向有利于 ETH，周末交易所的未平仓合约达到历史新高。”

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 隐含波动率大幅上升以及看跌期权偏度创 12 个月新高，进一步证明了这一转变，反映出人们对上行风险的偏好日益增强。 Wintermute 报告称，“周末的大宗交易包括 12 月 27 日的 ETH 看涨期权价差，执行价格从 3,600 美元到 5,000 美元不等。”分析师还观察到，近期 ETH 看涨合约的溢价为 8-10 点，这可能会通过 10-25 天的风险逆转刺激对冲活动。

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 的看涨势头对山寨币，尤其是 ERC20 代币产生了积极影响。场外交易 (OTC) 需求不断升级，佩佩模因币 (Pepe memecoin) 表现突出。在 Layer 2 生态系统中越来越受欢迎的推动下，Pepe 在过去两周内飙升了 54% 以上。

Please note that this is not investment advice.

请注意，这不是投资建议。