標題：比特幣，所有的眼睛都注視著以太

“投資者終於認識到以太坊提出的引人注目的投資機會。它的交易仍遠低於其歷史最高點，而比特幣已經接近其ATH水平

Ether has been a hot topic in the crypto market recently, with several factors combining to drive up interest in the second-largest cryptocurrency.

Ether最近在加密貨幣市場上一直是一個熱門話題，有幾個因素結合起來，以提高對第二大加密貨幣的興趣。

As BTC trades close to its all-time high, investors are finally recognizing the compelling investment opportunity that ETH presents, according to Jeff Mei, COO at BTSE.

隨著BTC交易接近其歷史最高水平，投資者終於認識到ETH展示的引人注目的投資機會。

"It’s still trading well below its all-time highs, while bitcoin is already near its ATH levels," he said.

他說：“它的交易仍遠低於其歷史最高點，而比特幣已經接近其ATH水平。”

ETH is also playing an increasingly important role in tokenizing real-world assets, such as stocks, money-market funds, and U.S. Treasuries, Mei added.

Mei補充說，ETH在將現實世界中的資產（例如股票，貨幣營銷基金和美國國債）中扮演的角色也越來越重要。

"It’s very likely that Ethereum will reach and/or surpass its all-time high price by the end of the year."

“以太坊很可能在今年年底之前達到和/或超過其歷史最高價格。”

The move comes as ether ETFs have attracted more than $800 million in the past two weeks alone, outpacing bitcoin’s sub-$400 million, according to SoSoValue data.

根據Sosovalue數據，此舉是因為Ether ETF在過去的兩個星期中就吸引了超過8億美元，超過了比特幣的4億美元。

That’s helped the spread between ether’s implied volatility and bitcoin’s reach its highest level since late 2022 - a sign traders expect bigger price swings ahead.

這有助於Ether的隱含波動率與比特幣達到2022年底以來的最高水平之間的差異 - 標誌交易者預計價格波動更大。

Open interest in ether perpertuals on Kraken also hit an all-time high of 30,000 ETH this week, said Alexia Theodorou, Head of Derivatives at Kraken, in an email to CoinDesk.

Kraken的衍生產品負責人Alexia Theodorou在給Coindesk的一封電子郵件中說，對Kraken的Ether Perpertuals的開放興趣本周也達到了30,000 ETH的歷史最高點。

"This signals a notable uptick in speculative activity around the second-largest cryptocurrency by market cap."

“這標誌著在市值第二大加密貨幣周圍的投機活動中顯著提升。”

However, the market has yet to form a clear directional consensus, with the long/short ratio still well below January levels, she added.

但是，市場尚未達到明確的方向共識，長/短比率仍然低於一月份的水平。