以太坊[ETH]公牛和熊在3.5萬美元的抵抗區打架

以太坊[ETH]面臨$ 3.5K電阻區的拒絕。最近幾天，市場範圍的恐慌促使以太坊下跌38％至2,125美元

Ethereum [ETH] price dropped below $3k on 31 January, after facing strong resistance at the $3.5k level. The market-wide panic in recent days spurred a 38% drop to $2,125 for ETH before a price bounce to $2,921 occurred a few hours after the drop.

以太坊（ETH）的價格在1月31日跌至3,000美元以下，此前該價格在3.5萬美元的水平上面臨強大的阻力。最近幾天，市場範圍內的恐慌促使ETH下降了38％至2,125美元，然後在價格下降到2,921美元之前發生了幾個小時。

The quick drop wiped out a large amount of Open Interest (OI) as the entire market saw liquidations that could be between $8 billion to $10 billion. ETH OI was near the mid-November levels after the recent wipe out. Unfortunately for the holders, the price was considerably lower, roughly 12% down from November.

由於整個市場的清算可能在80億美元至100億美元之間，因此快速下降消除了大量的開放利息（OI）。在最近的消滅後，Eth Oi接近11月中旬。不幸的是，對於持有人來說，價格要低得多，比11月下降了約12％。

The on-chain metrics showed discouraging signals. The taker buy-sell ratio is the ratio of buyer volume to seller volume of takers (market orders as opposed to limit) in perpetual swaps. This seller dominance showed heightened fear in the market.

鏈上指標表現出令人沮喪的信號。 Taker買賣比率是買方數量與賣方的賣方數量（市場訂單相對於限制）的比例。該賣方的主導地位顯示出市場上的恐懼。

Additionally, this metric has been negative for the majority of the past three months. The price action has also struggled to sustain a strong uptrend, unlike Bitcoin [BTC] or some of the other large cap altcoins.

此外，在過去三個月的大部分時間裡，該指標一直是負面的。與比特幣[BTC]或其他一些大型帽級別的Altcoins不同，價格行動也一直在努力維持強大的上升趨勢。

The Exchange Netflows had been positive while ETH trended higher in November. This positive netflow manifested itself during the price’s way down. Increased inflows (positive netflows) indicate heightened potential for selling pressure.

ETH在11月的ETH趨勢上升時，Netfrows的交易所是積極的。這種積極的NetFlow在價格下降的過程中表現出來。增加的流入（正淨流）表明銷售壓力的潛力增加。

Over the past couple of days, the 7-day Moving Average (MA) fell into negative territory, showing slight outflows and some signs of accumulation.

在過去的幾天中，7天移動平均線（MA）陷入了負區域，顯示出輕微的流出和一些積累跡象。

The dormant circulation saw a strong spike during the retest of the $3.5k resistance on the 31st of January. This was also when the U.S. markets, especially tech stocks, saw large losses.

在1月31日的3.5萬美元阻力重新測試期間，休眠的循環迅速升高。這也是美國市場，尤其是科技股的損失。

The Funding Rate was also negative in recent days. Meanwhile, the Mean Coin Age (2 year) has plateaued over the past two weeks after trending upward since late December. This was similar to what occurred in September.

最近幾天的資金率也為負。同時，自12月下旬以來，在過去的兩個星期中，平均硬幣年齡（2歲）在過去的兩個星期中均處於平穩狀態。這類似於9月發生的事情。

Therefore, the short to medium term sentiment was strongly bearish. The price action underlined the importance of the $3.5k resistance zone.

因此，短期到中期的情緒是強烈看跌的。價格行動強調了3.5萬美元的電阻區的重要性。

Yet, the Mean Coin Age and the slight negative outflows were modest indications of bullish hope.

然而，平均硬幣年齡和輕微的負流量是看漲希望的謙虛跡象。