比特幣（BTC）的資金率下降到負面的領土，看漲以太坊（ETH）的逆轉（ETH）

由於第一步優勢，比特幣（BTC）在為整個加密市場的偏見方面起著關鍵作用。

Due to its first-mover advantage, Bitcoin (BTC) plays a pivotal role in setting the bias for the entire crypto market. While BTC is influenced by macroeconomic policies and liquidity cycles, let’s explore if Bitcoin’s funding rate will help in predicting the next Ethereum price move.

由於其第一步優勢，比特幣（BTC）在為整個加密貨幣市場的偏見方面發揮了關鍵作用。儘管BTC受宏觀經濟政策和流動性週期的影響，但讓我們探討比特幣的資金率是否有助於預測下一個以太坊價格轉移。

Bitcoin is the largest cryptocurrency by market capitalization. It stands tall at $1.68 trillion, while Ethereum (ETH), the second largest crypto’s market cap is $226 billion. Due to capital flows, the correlation of altcoins, including Ethereum, with Bitcoin is high. Due to this, a sudden crash or rally in BTC is reflected by the crypto market as well.

通過市值，比特幣是最大的加密貨幣。它的身高為1.68萬億美元，而以太坊（ETH）的第二大加密貨幣上限為2260億美元。由於資本流動，包括以太坊在內的山寨幣與比特幣的相關性很高。因此，加密貨幣市場也反映了BTC中突然的崩潰或集會。

Why Bitcoin’s Funding Rate Matters to Ethereum Price?

為什麼比特幣的資金率對以太坊價格很重要？

Funding rate is a concept developed to maintain the price of perpetuals with the spot price of the underlying asset. If the funding rate of Bitcoin is high, it suggests that it is expensive to long, i.e., longs pay shorts and vice versa. Often this is a sell signal. Since this metric will determine the directional bias for BTC, it can be used to determine how other altcoins, including Ethereum (ETH) will react.

資金率是一個概念，旨在維持永久性的價格，並以基礎資產的現貨價格保持。如果比特幣的融資率很高，則表明它的長距離是昂貴的，即，朗人支付短褲，反之亦然。通常這是一個賣出信號。由於該度量標準將確定BTC的定向偏差，因此可以使用它來確定包括以太坊（ETH）在內的其他高度幣將如何反應。

According to on-chain analyst Axel Adler Jr., the average funding rate of Bitcoin on Binance, ByBit, OKX, and Deribit has dropped into the negative territory. This is a bullish signal that has previously resulted in bullish reversal.

根據鏈分析師Axel Adler Jr.的說法，BITANCE，BYBIT，OKX和DERIBIT的比特幣的平均籌資率已降至負地區。這是一個看漲的信號，以前導致看漲逆轉。

Adler adds that despite this bullish sign, “poor macroeconomic indicators” are “blocking” Bitcoin and Ethereum prices from rallying.

阿德勒（Adler）補充說，儘管看漲了這個跡象，但“宏觀經濟指標差”正在“阻止”比特幣和以太坊價格集會。

“The corporate sector is actively buying coins, spot market selling pressure is minimal, experienced investors have stopped selling, LTH have returned to accumulation, and several on-chain metrics indicate a normalization of market conditions after the overheating phase.”

“公司部門正在積極購買硬幣，現貨市場銷售壓力很小，經驗豐富的投資者停止銷售，LTH恢復了積累，幾個鏈量指標表明過熱階段過熱後市場狀況的正常化。”

If it weren’t for the macroeconomic conditions, ETH’s value could have pushed higher with Bitcoin price. Furthermore, positive signals from the Fed and the Trump administration has also paved the way for renewed “inflow of cash via ETFs, potentially triggering the start of a new rally”, says Adler.

如果不是宏觀經濟條件，那麼ETH的價值可能會隨著比特幣價格提高。此外，美聯儲和特朗普政府的積極信號還為“通過ETF進行現金流入，有可能觸發新集會的開始鋪平了道路”，阿德勒說。

Ethereum Price Analysis

以太坊價格分析

Analyst Michaël van de Poppe explained that an Ethereum price rally is possible if the ETHBTC ratio flips from 0.03 to a support level.

分析師Michaëlvan de Poppe解釋說，如果EthBTC比率從0.03轉移到支持水平，則可以進行以太坊價格集會。

“The only thing $ETH needs to do is to bottom out here. And that’s a very, very hard task.”

“ $ ETH需要做的唯一要做的就是在這裡底部。這是一項非常非常艱鉅的任務。”

On the other hand, there is a massive bullish divergence developing between Ethereum price and Relative Strength Index (RSI) since July 2024.

另一方面，自2024年7月以來，以太坊價格和相對強度指數（RSI）之間存在巨大的看漲差異。

A bullish divergence is when the price produces lower high and RSI produces a higher lows. This non-conformity is indicates that momentum is rising while price is not reflecting it, which suggests a bounce is likely.

看漲的分歧是價格較低，而RSI產生較高的低點。這種不合格表明動量正在上升，而價格沒有反映出它，這表明可能反彈。

If the RSI divergence plays out, investors can expect Ethereum price prediction to forecast a massive rally. The short-term target would be $3,000. Beyond this, $4,000 and $5,000 are good psychological levels to watch.

如果RSI差異發揮作用，投資者可以預期以太坊的價格預測將預測大規模集會。短期目標是3,000美元。除此之外，$ 4,000和5,000美元是值得關注的良好心理水平。

Frequently Asked Questions (FAQs)

常見問題（常見問題解答）

1. Why is Bitcoin's funding rate important for Ethereum price?

1。為什麼比特幣的資金利率對以太坊價格很重要？

The funding rate is a key factor that influences the directional bias of Bitcoin, which in turn affects other altcoins due to capital flows and correlations. A high funding rate usually indicates that it's expensive to hold a leveraged long position, which can act as a sell signal.

資金率是影響比特幣方向性偏差的關鍵因素，這反過來會影響資本流和相關性引起的其他山寨幣。高資金率通常表明持有槓桿率的長位置很昂貴，這可以充當賣出信號。

2. What does the current funding rate of Bitcoin indicate?

2。當前比特幣的融資率表明什麼？

The average funding rate across major exchanges has dropped into negative territory, a bullish signal that has previously resulted in a reversal of the trend. However, despite this, macroeconomic conditions are preventing Bitcoin and Ethereum from rallying.

主要交易所的平均籌資率已降至負地區，這是看漲的信號，以前導致趨勢逆轉。然而，儘管如此，宏觀經濟條件仍阻止比特幣和以太坊集會。

3. What is the short-term target for Ethereum price if the RSI divergence plays out?

3。如果RSI Divergence發揮作用，以太坊價格的短期目標是多少？

If the Relative Strength Index (RSI) divergence plays out, we can expect to see a short-term price target of $3,000 for Ethereum. This would be a significant rally from the current levels.

如果相對強度指數（RSI）差異效果，我們可以期望以太坊的短期目標目標為3,000美元。這將是當前水平的重要集會。