Ethereum crazy bull run started? ETH surged 13%, top 10 tokens are the strongest, including ENS and Puffer..ecological coins saw a big pump of 50% on coinbig.

Ethereum (ETH) has been performing strongly recently, with a single-day surge of nearly 12%, reaching $3,684.92, a new high in over five months, and driving the rise of ecosystem tokens such as ENS and EIGEN. Among them, ENS has risen by 53%, making it the best performer among the top 300 tokens by market cap. (Previous summary: BTC approaches $99,000! Analyst: There is still room for doubling this round, and Ethereum's recovery boosts Layer2's rise) (Background: Solana breaks Ethereum's four-year usage record on Nansen, with daily net inflows ranking first) Since BTC surged above $100,000, the performance of established public chains has been impressive. ADA and XRP have risen by over 27.1% and 31.8% respectively in the past week, and the well-known Ethereum, which has yet to make a move, is therefore increasingly expected by the market to see if funds will rotate towards Ethereum. Finally, as BTC started to pull back this week, Ethereum's strength gradually emerged: the decline was smaller than BTC, and the rise exceeded BTC. The ETH/BTC ratio rose by nearly 7% in a single day on the 25th, rebounding by 18.38% in the past week from the low point of 0.03187, and is currently at 0.03775, showing signs of fund rotation. Ethereum has risen by over 13%, surpassing other top ten tokens. Ethereum's price soared last night (27th) and reached a high of $3,684.92, a new high in over 5 months, with a single-day rise of 13.28%. It has slightly pulled back before the deadline and is currently reported at $3,637.07. Although the 24-hour rise narrowed to 8.83%, it is still the best-performing token among the top 10 coins. Ethereum's open interest exceeds $24 billion, reaching a new high. At the same time, the open interest of Ethereum Perpetual Futures reached a new high of $24.08 billion, growing by 33.1% in the past week, indicating that funds are flowing into Ethereum. Whether it is the participation of retail investors or the demand for institutional strategies (such as hedging or neutral positions), all contribute to this rise. The surge in open interest means that market fluctuations may increase, and investors need to be cautious in managing risks. From the funding rate perspective, it is currently close to the neutral range of about 2.1% per month, without showing signs of an overheated market. Although it briefly surged above 4% on the 25th, it did not persist. This indicates that even though Ethereum's price has risen by 17.9% in the past week, the demand from retail investors for leveraged long positions remains relatively moderate. Analyst: Ethereum's second Bull Market has begun. Regarding Ethereum's recovery, CryptoQuant analyst Crypto Sunmoon stated earlier today that Ethereum's second Bull Market has begun. He pointed out in a chart comparing Ethereum's price with the MVRV ratio that in the previous encryption Bull Market, Ethereum often experienced two significant rises, with the second rise period always significantly exceeding the price created by the first rise. This suggests that Ethereum's upward momentum may continue. ENS, EIGEN...Rise of Ethereum ecosystem tokens. This has attracted attention back to the Ethereum ecosystem, with several popular tokens performing well, including: ENS (Ethereum Name Service): a single-day rise of over 53%, making it the best performer among the top 300 tokens by market cap, currently at $33.25. Puffer (Ethereum Liquidity Staking project): a single-day surge of 60%, currently at $0.6546. EIGEN (Native token of Ethereum staking project EigenLayer): a single-day rise of 25%, breaking through $4.1, less than 10% away from the all-time high, currently at $3.77. INST, ENA, and others. With Ethereum's strong performance continuing, the performance of related ecosystem tokens is worth following, and the market may officially enter altcoin season! Related reports: BTC's market dominance drops to 58%, analyst: BTC's push to $100,000 is hindered, and funds may flow into Ethereum and other altcoins. BTC experiences an overnight big dump of $6,000, is at risk of falling below $93,000, while Ethereum quickly rebounds, and funds flow into altcoins. Will Ethereum break out after surpassing $3,400? Analyst's view and ETH Whale's dynamics. This article was originally published on BlockTempo《動區動趨-最具影響力的Block鏈新聞媒體》.