最新报道:Ethereum's recent price surge appears driven more by derivatives trading than organic demand, according to analysts. While ETH rallied over 20% in a week, on-chain data shows weak network activity and declining decentralized exchange volumes. The rally coincides with rising open interest in ETH futures, suggesting leveraged speculation is fueling the move. Market makers may be pushing prices higher to liquidate overleveraged short positions. Despite the price jump, Ethereum's fundamentals remain sluggish, with NFT trading volumes down 97% from peaks and DeFi TVL stagnant. Experts caution the rally lacks sustainable demand drivers and could reverse sharply if derivative positions unwind.