Ether（ETH）價格動作暗示了新的公牛奔跑

Ether面臨32％的急劇下降，自12月中旬以來下降至2,770美元，並顯著落後於其較大的競爭對手比特幣（BTC）。

The price of ether took a wild ride over the past week, hitting highs and lows not seen in months. But within the dramatic price action, some traders are spotting a familiar pattern that could hint at a renewed bull run ahead.

在過去的一周中，以太的價格狂野地騎行，擊中了幾個月來未見的高潮和低點。但是在戲劇性的價格行動中，一些交易者發現了一種熟悉的模式，這可能暗示著新的公牛奔跑。

Ether has faced a steep decline of 32%, dropping to $2,770 since mid-December and has lagged significantly behind its larger rival, bitcoin (BTC). The volatility reached new heights on Monday when prices plummeted to nearly $2,000 on several exchanges, only to rebound to $2,700 on the same day, the biggest one-day swing since September 2021 .

Ether面臨32％的急劇下降，自12月中旬以來下降至2,770美元，並顯著落後於其較大的競爭對手比特幣（BTC）。週一的波動性達到了新的高度，當時價格在幾次交流中下降到近2,000美元，僅在同一天反彈至2,700美元，這是自2021年9月以來最大的一日鞦韆。

The dramatic two-way price action resulted in a surge in trading volumes on platforms like Coinbase (COIN) and Bitstamp, hitting levels not seen since August.

戲劇性的雙向價格行動導致了Coinbase（Coin）和Bitstamp等平台上的交易量激增，自8月以來就沒有達到次數。

The spike in volume suggests selling pressure may have peaked at the beginning of the week, leaving fewer potential sellers in the market. This could help stabilize prices, potentially setting the stage for a rally.

數量的飆升表明，銷售壓力可能在本周初達到頂峰，而市場上的潛在賣家更少。這可能有助於穩定價格，有可能為集會奠定基礎。

That's precisely the pattern observed on Aug. 5, when ETH hit a low of around $2,100 in a two-way action on the back of high volumes. The cryptocurrency stabilized in the $2,200-$2,800 range for a few weeks, breaking into a new uptrend later that saw prices rise to $4,100.

這正是在8月5日觀察到的模式，當時ETH在高卷的背面進行了雙向動作，在2100美元的低點中達到了約2100美元的低點。加密貨幣在幾週內穩定在2,200- $ 2,800的範圍內，後來又闖入了新的上升趨勢，價格上漲至4,100美元。

Let's see if history repeats itself.

讓我們看看歷史是否重演。

Demand during Monday's dip supports the bullish case.

週一的傾角的需求支持看漲案件。

"I am noting strong over-the-counter demand for ETH, which is particularly noteworthy amid broker chatter around a fund blowing up amidst weekend volatility," Jake Ostrovskis, an OTC trader at crypto market maker Wintermute, told CoinDesk Tuesday.

“我注意到ETH對ETH的強烈要求，這在周末波動中爆發的基金圍繞經紀人聊天時特別值得注意，” Crypto Marketmute Wintermute的OTC Trader Jake Ostrovskis週二對Coindesk說。

Plus, the U.S.-listed spot ether ETFs have registered $420 million in net inflows this week, according to Farside Investors. That's nearly 13% of the total $3.18 billion inflow since inception.

另外，根據Farside Investors的數據，本周美國上市的Ether ETF淨流入量為4.2億美元。這是自成立以來總計31.8億美元流入的近13％。

If that's not enough, a large bull call spread crossed the tape on Deribit this week, involving a long position in the $3,500 call option and a short position in the $5,000 call option, both expiring on Dec. 26, 2025. The strategy aims to profit from a rally to $5,000 and higher by the year-end.

如果還不夠的話，本週的大公牛呼叫傳播在迪士特上越過磁帶，涉及3,500美元的呼叫選項的長位置，並且在5,000美元的撥打選項中佔據了短期職位，兩者均在2025年12月26日到期。該策略旨在旨在到年底，從集會到5,000美元和更高的利潤。