儘管看跌價格動作，以太坊鯨魚仍在悄悄地積累硬幣

儘管看跌價格動作和搖搖欲墜的市場前景，以太坊仍在悄悄地發現其回到加密鯨的手中。

Despite bearish price action and a shaky market outlook, Ethereum is quietly finding its way back into the hands of crypto whales.

儘管看跌價格動作和搖搖欲墜的市場前景，以太坊仍在悄悄地發現其回到加密鯨的手中。

While prices are slipping and technical indicators point to a downward trend, major wallets have been quietly scooping up ETH in large amounts – a move that has analysts asking: what do they know that we don’Đồng năng lượng mặt trờit?

雖然價格下跌，而且技術指標表明了下降趨勢，但主要錢包一直在悄悄地挖出ETH，這一舉動有分析師問：他們知道我們不知道我們don'ồngnnglượnglượnglượngmặttrờIT嗎？

On-chain data provider Lookonchain highlighted several large ETH withdrawals from exchanges. An address linked to Metalpha moved nearly 29,000 ETH (approx. $48.7M) from Binance since April 1. Separately, over 46,500 ETH left Gate.io via one wallet since mid-February, and another withdrew over 10,000 ETH from Bybit.

鏈上數據提供商LookOnchain突出了幾個從交流中進行的大型ETH退出。自4月1日以來，與Metalpha相關的地址從Binance轉移了近29,000 ETH（約4870萬美元）。自2月中旬以來，通過一個錢包，超過46,500左Gate.io左Gate.io，另一個從Bybit撤回了10,000多個ETH。

One likely reason is the upcoming Pectra upgrade, a network update slated for rollout by May 2025. According to Ethereum researcher Justin Drake, Pectra will double the network’s “blob space,” increasing efficiency and significantly boosting Ethereum’s burn rate.

可能的原因之一是即將到來的Pectra升級，這是一個網絡更新，該網絡更新計劃在2025年5月之前推出。根據以太坊研究員賈斯汀·德雷克（Justin Drake）的說法，Pectra將使網絡的“ BLOB空間”增加一倍，從而提高效率並顯著提高以太坊的燃燒率。

An increased burn rate could revive ETH’s deflationary narrative, historically linked to price growth. Pectra may counteract economic shifts from the Deneb (Dencun) upgrade, which boosted ETH supply while lowering gas fees.

燃燒率提高可以使ETH的通縮敘事恢復，歷史上與價格增長有關。 Pectra可能會抵消Deneb（Dencun）升級的經濟轉變，該升級促進了ETH供應，同時降低了汽油費。

Too many coins in circulation and not enough usage led to a glut that dragged down price action. Pectra, on the other hand, could rebalance that by increasing demand and reducing supply – a classic setup for a rally.

循環中的硬幣太多而用法不足，導致了拖延價格動作的豪華。另一方面，Pectra可以重新平衡，通過增加需求和減少供應，這是集會的經典設置。

Ethereum Price Analysis

以太坊價格分析

The price of Ethereum hasn’t shown much change recently and remains in a downtrend that began in December. So far, price movements have mostly followed corrective patterns—both the recent rallies and pullbacks have formed in three-wave structures, which usually indicate a lack of clear trend direction.

以太坊的價格最近沒有顯示出太大的變化，並且仍處於12月開始的下降趨勢。到目前為止，價格變動主要遵循糾正措施 - 兩波結構的集會和回調都形成了，這通常表明缺乏明確的趨勢方向。

At the moment, Ethereum is trading sideways between the $1,580 support level and the $1,687 resistance level.

目前，以太坊正在側面交易1,580美元的支持水平和1,687美元的電阻水平。

A break above $1,618 could be an early sign that a low has formed and that a new rally may be starting. If that happens, the next possible target would be around $1,925. Until then, the market remains uncertain, and there’s no strong signal that a trend reversal is underway.

超過$ 1,618的休息可能是一個低點形成的早期跡象，並且可能會開始新的集會。如果發生這種情況，下一個可能的目標將約為1,925美元。在此之前，市場仍然不確定，並且沒有強烈的信號表明趨勢逆轉正在進行中。