According to Ai 姨 on Twitter, the recent ETH price surge is primarily driven by leveraged trading, as evidenced by a sharp rise in contract funding rates and notable increases in lending yields. Over the past four days, the sUSDe APY jumped from 2.26% to 6.54%, indicating heightened demand for leverage. Additionally, USDT fixed-income products on leading exchanges such as OKX saw annualized yields rise to 5%, with all major platforms offering rates above 2%, signaling strong borrowing demand for stablecoins. These data points, sourced from coinsider.app/earn, suggest traders are increasingly utilizing leverage to capitalize on ETH market momentum, which may impact volatility and risk dynamics in the crypto market.