以太坊（ETH）處於關鍵的十字路口

在不斷變化的加密貨幣世界中，按市值計算的第二大數字資產以太坊（ETH）發現自己處於關鍵時刻。

In the dynamic realm of cryptocurrency, the second-largest digital asset, Ethereum (ETH), finds itself at a pivotal juncture. After a valiant attempt to breach the $2,200 resistance level, the renowned crypto analyst MadWhale predicts a 13% drop, potentially setting sights on $1,700.

在加密貨幣的動態領域中，第二大數字資產以太坊（ETH）發現自己處於關鍵點。在違反2200美元的電阻水平的英勇企圖之後，這位著名的加密分析師Madwhale預測下降了13％，有可能將目光投向1,700美元。

This prediction, fueled by technical observations and shifting market sentiment, has sparked discussion within the crypto sphere. As we delve into the essence of MadWhale’s assertion and examine the broader technical landscape, external market factors, and their implications for investors, a clear picture begins to emerge.

這一預測以技術觀察和不斷變化的市場情緒為推動，引發了加密貨幣領域的討論。當我們深入研究Madwhale主張的本質，並研究更廣泛的技術格局，外部市場因素及其對投資者的影響時，明確的情況開始出現。

Technical Woes Brewing: Can Ethereum Recover?

技術困境釀造：以太坊可以恢復嗎？

MadWhale, a respected analyst on the popular trading platform TradingView, has expressed concerns about Ethereum’s failure to decisively break through the $2,200 resistance level. Throughout history, this price point has acted as a significant barrier, with sellers consistently outpacing buyers whenever ETH approaches this level.

受歡迎的交易平台交易景觀的備受推崇的分析師Madwhale表示擔心以太坊未能果斷地突破2,200美元的電阻水平。在整個歷史上，這個價格點一直是一個重大的障礙，每當ETH接近這一水平時，賣方都會始終超過買家。

“We’ve hit this level three times now, and each time, sellers have come in strong, setting up a bearish bias,” MadWhale remarked.

“我們已經達到了三遍，每次賣方都變得強大，產生了看跌的偏見，” Madwhale說。

Moreover, MadWhale notes that Ethereum is struggling to maintain bullish momentum, evident in the decreasing Relative Strength Index (RSI) on shorter time frames. This indicates a decline in buying pressure and edges Ethereum into oversold territory.

此外，Madwhale指出，以太坊正在努力保持看漲的勢頭，這在較短的時間範圍的相對強度指數（RSI）的降低中很明顯。這表明購買壓力的下降，並將以太坊的超額銷售壓力降低。

A further decline in RSI could confirm that downward momentum is likely to persist. Additionally, the 50-day moving average (MA), which represents short-term price trends, has crossed below the 200-day MA—a pattern known as the “Death Cross.” This is a widely recognized bearish signal, often indicating the start of a prolonged downtrend.

RSI的進一步下降可以證實下降勢頭可能會持續存在。此外，代表短期價格趨勢的50天移動平均線（MA）越過200天的MA，這種模式稱為“死亡十字架”。這是一個公認的看跌信號，通常表明延長下降趨勢的開始。

However, it’s worth noting that the 50-day MA has crossed above the 200-day MA on the weekly time frame, forming a “Golden Cross.” This is a bullish pattern that spans longer time periods and could suggest a return to uptrends later in the year.

但是，值得注意的是，在每週的時間範圍內，50天的MA已經超過200天的MA，形成了“ Golden Cross”。這是一種看漲的模式，它跨越了更長的時間段，可能建議今年晚些時候恢復上升趨勢。

As we move into the final stages of 2023, macroeconomic data and technical analysis will be crucial for determining the next chapter in Ethereum’s price movement.

隨著我們進入2023年的最後階段，宏觀經濟數據和技術分析對於確定以太坊價格運動的下一章至關重要。

Examining the Technical Landscape: Key Levels and Indicators

檢查技術格局：關鍵水平和指標

At present, Ethereum is encountering resistance around the $2,200 level, a price point that has posed challenges for buyers in the past. A breakdown of this resistance could open the door for further downside toward the next support zone, which is around $1,700.

目前，以太坊遇到了2200美元左右的阻力，這是過去對買家帶來的挑戰。這種阻力的故障可能會為下一個支撐區的進一步偏低打開大門，該區域約為1,700美元。

This level of support is crucial as it represents a significant Fibonacci retracement level and could slow down any sharp declines. However, if selling pressure intensifies and pushes Ethereum below $1,700, the next support zone would be around $1,500.

這種支持水平至關重要，因為它代表了顯著的斐波那契回回層水平，並且可能會減緩任何急劇下降。但是，如果銷售壓力加劇並將以太坊推高至1,700美元以下，那麼下一個支持區將約為1,500美元。

In the current market conditions, it’s clear that sellers have the upper hand, especially as we observe declining trading volume, suggesting a lack of strong buying interest at current price levels.

在當前的市場條件下，很明顯，賣方佔上風，尤其是當我們觀察到交易量下降時，表明當前價格水平的購買興趣不足。

This low-volume decline suggests that bearish momentum is building, making ETH more vulnerable to further downside. However, if we see an increase in trading volume alongside a move to the downside, it could indicate that there is still plenty of interest in selling ETH at higher prices.

這種低量的下降表明，看跌勢頭正在建立，使ETH更容易受到進一步的不利影響。但是，如果我們看到交易量的增加以及轉移到不利的一面，則可能表明，以更高的價格出售ETH仍然有很多興趣。

External Factors Influencing Ethereum’s Bearish Outlook

影響以太坊看跌前景的外部因素

Beyond the technical analysis, several external factors could contribute to bearish pressure on Ethereum in the coming weeks.

除了技術分析之外，在接下來的幾週內，幾個外部因素可能導致對以太坊的看跌壓力。

One key factor is the broader macroeconomic environment. Concerns about inflation, interest rate hikes, and economic slowdowns are impacting risk assets, including cryptocurrencies. As investors become more cautious, it could lead to reduced demand for digital assets like ETH.

一個關鍵因素是更廣泛的宏觀經濟環境。對通貨膨脹，利率上升和經濟放緩的擔憂正在影響風險資產，包括加密貨幣。隨著投資者變得越來越謹慎，可能會導致對ETH等數字資產的需求減少。

Moreover, regulatory uncertainty remains a major challenge for the crypto industry. With governments around the world tightening regulations on digital assets, institutional investors remain hesitant to fully commit. Any unfavorable rulings or restrictions could have a significant bearing on ETH’s price.

此外，監管不確定性仍然是加密行業的主要挑戰。隨著世界各地的政府收緊數字資產的法規，機構投資者仍然猶豫不決。任何不利的裁決或限制都可能與ETH的價格相關。

Another factor to consider is the correlation between Bitcoin (BTC) and other cryptocurrencies. As the flagship cryptocurrency, Bitcoin often dictates the overall market trend.

要考慮的另一個因素是比特幣（BTC）與其他加密貨幣之間的相關性。作為旗艦加密貨幣，比特幣經常決定整體市場趨勢。

If Bitcoin experiences a sharp correction, it’s likely that Ethereum and other altcoins would follow suit due to the strong correlation between them.

如果比特幣經歷了急劇的糾正，則以太坊和其他山寨幣可能會效仿，因為它們之間的相關性很強。

Finally, the development of Ethereum’s network, including its transition to Ethereum 2.0 and Layer-2 scaling solutions, will be closely watched by investors.

最後，投資者將密切關注以太坊網絡的發展，包括其向以太坊2.0和2層擴展解決方案的過渡。

Any delays, security vulnerabilities, or setbacks in these upgrades could erode investor confidence and contribute to bearish sentiment.

這些升級的任何延誤，安全漏洞或挫折都可能削弱投資者的信心，並為看跌的情緒做出貢獻。

Potential Scenarios for Ethereum’s Price Action

以太坊價格行動的潛在方案

Considering the current bearish signals and technical analysis, here are the possible scenarios for Ethereum’s price movement in the coming weeks:

考慮到當前的看跌信號和技術分析，以下幾週內以太坊價格變動的情況可能是：

* Scenario 1: A surprising bullish rebound. If, against the odds, Ethereum manages to break decisively above $2,200 with a return of strong trading volume, it could signal a bullish reversal. This would invalidate the bearish outlook and potentially push ETH toward $2,400–$2,500. However, to achieve this breakout, buyers would need

*場景1：令人驚訝的看漲反彈。如果以賠率的賠率，以太坊設法果斷地超過2,200美元，而交易量的回報率很高，則可能標誌著看漲的逆轉。這將使看跌前景無效，並可能將ETH推向2,400-2500美元。但是，為了實現這一突破，買家需要