#数字资产生态回暖 Ethereum Market Watch: The Battle Between Opportunities and Risks

In the past 24 hours, ETH has risen by 1.2%, but underlying currents are swirling beneath the surface. Institutions are actively deploying, while on the other hand, market leverage is at dangerous levels. This contradictory situation warrants close observation.

【Institutional Signals Are Flashing】

BitMine has spent $547 million this month to buy Ethereum, which is no small amount. More interestingly, the SEC has just approved DTCC's tokenization services, with Ethereum currently holding a 66% market share in this sector. This move by the U.S. Securities and Exchange Commission suggests that the real-world asset on-chain trend might truly be coming. Additionally, the collaboration between Revolut and Trust Wallet is promoting zero-fee ETH purchases for European users, and the self-custody experience has also improved, attracting more retail investors.

【But Short-term Pressure Is Also Evident】

The RSI indicators are not very encouraging — the 6-hour, 12-hour, and 24-hour RSI are at 50.91, 52.23, and 50.79 respectively, indicating that buying momentum is somewhat weak. Even more concerning, the leverage ratio on trading platforms for Ethereum has reached a historic high of 0.579. If the price moves in the opposite direction, a large number of positions could be liquidated. There are also $770 million in options about to expire, and traders' stop-loss and rebalancing actions could trigger short-term volatility.

【Community Sentiment: Cautiously Optimistic】

The current community sentiment is unified — optimistic about the long term, but cautious about the risk of leverage liquidation in the short term. Institutions are accumulating, but the market is highly leveraged. In this environment, maintaining a sense of reverence is very important.