The net inflows of $ETHFI contract positions and spot transactions showed slightly negative sentiment in the short term, but showed a positive trend in the medium and long term. Spot trading distribution shows a relatively concentrated distribution in the price range of $4.0 to $6.0, which may constitute a support level. The long-short ratio fell slightly, suggesting a weakening of bullish sentiment, while contract volume increased significantly, indicating an increase in trading activity. Changes in market value of positions fluctuate greatly, but generally tend to be stable, which may support contract market liquidity. Therefore, I predict that $ETHFI will see price consolidation in the short term, an upward trend in the medium term, and a positive long-term outlook. It is recommended to pay close attention to changes in net inflows, spot transaction distribution and long-short ratio, as well as changes in market sentiment.