以太坊 (ETH) 價格在 1 月 13 日下跌 8% 後，新一周開始看跌

山寨幣在亞洲交易時段早些時候顯示出疲軟跡象，在從前一天的高點席捲流動性後形成背離。

Ether (ETH) price began the new week on a bearish note following an 8% drop on Jan. 13. The altcoin showed signs of weakness early in the Asian trading session, forming a lower deviation after sweeping liquidity from the previous day's high.

繼1 月13 日下跌8% 後，以太幣(ETH) 價格在新的一周開始呈現看跌走勢。形成了較低的背離。

Ethereum also lost a weekly support level at $3,200 during the correction, pushing the price to its lowest value since Nov. 21, 2023.

以太坊在回檔期間還失去了 3,200 美元的周支撐位，將價格推至 2023 年 11 月 21 日以來的最低值。

Ethereum futures traders turning bearish

以太坊期貨交易員轉向看跌

Ether's drop below $3,200 triggered another large liquidation event for the altcoin within a two-week period.

以太幣跌破 3,200 美元，在兩週內引發了另一場山寨幣大規模清算事件。

Over $90 million in leveraged positions were wiped out, of which $77 million was in longs. Interestingly, open interest reached a new all-time high on Jan. 7 at $32 billion, which suggests that the futures market was predominantly bearish, building an influx of short positions over the past seven days.

超過 9000 萬美元的槓桿頭寸被消滅，其中 7700 萬美元是多頭部位。有趣的是，未平倉合約在 1 月 7 日創下歷史新高，達到 320 億美元，這表明期貨市場主要看跌，過去 7 天空頭部位大量湧入。

As traders closed their previous longs early or booked profits on their short positions from the recent top at $3,700, Ether OI dropped to $28 billion on Jan. 12.

由於交易員提前平倉了之前的多頭頭寸，或者從近期高點 3,700 美元的空頭頭寸中獲利，以太坊持倉量在 1 月 12 日跌至 280 億美元。

Ether OI dropped to $28 billion on Jan. 12.OI rates are displayed on a logarithmic scale.Source: Coinglass

1 月 12 日，以太坊 OI 跌至 280 億美元。

Related: Why is Cardano price down today?

相關：為什麼卡爾達諾價格今天下跌？

Ethereum has turned “inflationary” in the past 10 months

以太坊在過去10個月裡已經陷入“通貨膨脹”

As the ETH futures market recently turned bearish, the underlying demand to hold Ethereum has declined over the past year. According to Benjamin Cowen, a crypto commentator and analyst, Ether circulation has increased at a rate of 45,000 ETH/month, and the current supply is only 32,000 short of reaching its pre-merge supply,

由於ETH期貨市場最近轉為看跌，持有以太坊的潛在需求在過去一年中有所下降。加密貨幣評論員兼分析師 Benjamin Cowen 表示，以太坊流通量以每月 45,000 ETH 的速度增加，目前的供應量僅比合併前的供應量少了 32,000 個，

When Ethereum transitioned from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, the token was expected to turn deflationary because of ETH burns. However, since the beginning of 2023, ETH supply has increased faster than ETH burns, leading the analyst to add the following observation:

當以太坊從工作量證明 (PoW) 過渡到權益證明 (PoS) 共識機制時，由於 ETH 銷毀，預計該代幣將變得通貨緊縮。然而，自 2023 年初以來，ETH 供應量的成長速度快於 ETH 銷毀速度，導致分析師加入以下觀察：

"Technically, there is no net inflation yet since the supply is still under pre-merge reserve. Still, prolonged periods of low demand will eventually bring the supply back above the limit once again."

“從技術上講，由於供應仍處於合併前的儲備之下，目前還沒有出現淨通膨。不過，長期的低需求最終將使供應再次高於限制。”

From a technical perspective, Ether's wick below $3,000 is likely forming a new range low. As observed in the chart, a narrow liquidity zone between $3,000 and $3,100 was cleared, triggering a buy-side liquidity sweep.

從技術角度來看，以太坊低於 3,000 美元的燭線可能會形成新的區間低點。如圖所示，3,000 美元至 3,100 美元之間的狹窄流動性區域被清除，引發了買方流動性掃蕩。

An immediate bullish deviation from the $3,000 level on the daily chart would imply that the buyers have taken charge again. However, further weakness may drop ETH to as low as the $2,800 support, including the weekly Fair Value Gap (FVG) that has been active since Donald Trump's election win.

日線圖上立即看漲偏離 3,000 美元水準將意味著買家再次佔據主導地位。然而，進一步的疲軟可能會使 ETH 跌至 2,800 美元的支撐位，其中包括自唐納德·川普當選以來一直活躍的每周公允價值缺口 (FVG)。

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This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

本文不包含投資建議或建議。每一項投資和交易行為都涉及風險，讀者在做決定時應自行研究。