#以太坊创历史新高倒计时

Ethereum Approaches Historical High, Market Sentiment Reaches Critical Point

In the past three days, the focus of the cryptocurrency market has almost entirely been on Ethereum (ETH). The current price is very close to its historical peak, and traders predict that ETH may challenge and break the record within the next 72 hours.

On-chain and derivatives market data both show that funds are accelerating into the market:

● In the past 24 hours, the total liquidation amount of ETH derivatives across the network has exceeded 101 million USD, indicating intense long and short battles.

● The total open interest in futures has risen to 35.35 million ETH, setting a new stage high, with the market leverage significantly increasing.

● The number of active addresses and transaction counts on-chain are rising simultaneously, indicating that not only institutional funds are increasing their positions, but retail participation is also enhancing.

Once this sentiment-driven rise breaks the historical high, it is likely to attract more chasing buyers, leading to an accelerated increase in the short term. However, at the same time, the rise in leverage also means increased volatility risk; if there is a reversal in funding or market sentiment, the possibility of a large-scale correction cannot be ignored.

From a broader market perspective, the breakthrough of $ETH will not only bring inflows for itself but may also boost the activity of the entire crypto asset sector, especially DeFi, L2 projects, and emerging on-chain applications that are deeply tied to the Ethereum ecosystem, all of which may welcome opportunities for capital inflow and valuation increase.

In this high sentiment, high leverage phase, traders need to find a balance between pursuing profit and controlling risk. For long-term investors, paying attention to the synchronous changes in on-chain capital flow and the fundamentals of ecological projects may be more valuable than short-term price fluctuations.