以太坊（ETH）面臨著關鍵的關頭，因為它導航了57％的跌落，ETF出埃及記和鯨魚的拋售 - 是反彈即將來臨還是進一步下降不可避免？

以太坊（ETH）是市場資本化的第二大加密貨幣，發現自己處於關鍵時刻，努力應對持續的下降趨勢

Ethereum (ETH) has hit a critical juncture as it grapples with a persistent downtrend that has eroded investor confidence and sparked widespread speculation about the asset's future trajectory.

以太坊（ETH）遇到了一個關鍵的關頭，因為它與持續的下降趨勢陷入了侵蝕，這已經侵蝕了投資者的信心，並引發了人們對資產未來軌蹟的廣泛猜測。

While registering minor gains of 2.80% in the past week, Ethereum is still nursing losses of 57% from its December 2024 local peak of $4,100, as seen on Benzinga Pro. The ‘king of altcoins’ has seen its market value plummet, triggering fear among investors who are now pivoting to determine if the asset will rebound or if further decline is imminent.

在過去一周的未成年人中獲得2.80％的次要收益，但以太坊在2024年12月的當地峰值4,100美元的護理損失仍為57％，如Benzinga Pro所示。 “ altcoins之王”的市場價值暴跌，引發了投資者的恐懼，這些投資者現在正在旋轉以確定資產是否會反彈，還是即將進一步下降。

Renowned market analyst Ali Martinez, whose insights are closely followed by the cryptocurrency community, has provided his perspective on the critical price levels that will determine whether Ethereum's correction has reached its nadir or if further downside lies ahead. His analysis underscores the complex interplay of factors that are currently shaping Ethereum's market dynamics.

著名的市場分析師阿里·馬丁內斯（Ali Martinez）的見解緊隨其後的是加密貨幣社區，他對關鍵價格水平的看法將確定以太坊的校正是否已達到其Nadir，還是進一步的下行方面存在。他的分析強調了目前正在塑造以太坊市場動態的因素的複雜相互作用。

These factors include the substantial sell-off of ETH tokens by large holders, also known as whales, which has reduced the number of wallets holding 10,000 ETH by a staggering 80% over the past four months.

這些因素包括大型持有人（也稱為鯨魚）對ETH代幣的大量拋售，這在過去四個月中將持有10,000 ETH的錢包的數量減少了80％。

Moreover, wallets holding 130,000 ETH and above have offloaded an astounding 130,000 ETH during this period. This move by the whales, who often possess significant market influence, has exerted downward pressure on Ethereum's price and contributed to the prevailing bearish sentiment.

此外，在此期間，持有130,000 ETH及以上的錢包已經卸載了130,000 ETH的驚人。鯨魚經常具有重大市場影響力的鯨魚的這一舉動對以太坊的價格施加了向下的壓力，並促成了普遍的看跌情緒。

Furthermore, there has been a significant outflow of funds from Ethereum Spot ETFs. These investment vehicles, which were initially hailed as a catalyst for institutional adoption, have witnessed a net outflow of $760 million in just the last month.

此外，從以太坊現場ETF中有大量資金流出。這些投資工具最初被稱為機構採用的催化劑，在上個月僅目睹了7.6億美元的淨流出。

This exodus of capital from ETFs suggests a lack of confidence among institutional investors, who are increasingly wary of Ethereum's short-term prospects. The withdrawal of funds from ETFs can be attributed to a variety of factors, such as concerns about regulatory uncertainty, macroeconomic headwinds, and the overall bearish sentiment in the cryptocurrency market.

ETF的這種資本外流表明，機構投資者缺乏信心，他們對以太坊的短期前景保持警惕。從ETF中撤出資金可以歸因於多種因素，例如對監管不確定性，宏觀經濟逆風的擔憂以及加密貨幣市場中的整體看跌感。

The departure of institutional investors, who are often seen as trendsetters, has further exacerbated the downward pressure on Ethereum's price.

經常被視為潮流引領者的機構投資者的離開進一步加劇了以太坊價格的下降壓力。

In addition, the prevailing fear and uncertainty in the market have prompted individual investors to liquidate their holdings. Data indicates that 100,000 ETH tokens have been transferred to exchanges, signaling an intention to sell in anticipation of further price declines.

此外，市場上普遍的恐懼和不確定性促使個人投資者清算其持股。數據表明，已將100,000個ETH代幣轉移到交易所，這表明有意出售，預計價格會進一步下降。

This wave of selling pressure from individual investors, driven by fear of losses, has contributed to the downward spiral of Ethereum's price. The psychological impact of a prolonged downtrend can be significant, leading to panic selling and exacerbating market volatility.

由於擔心損失的恐懼，這一浪潮造成了個人投資者的銷售壓力，這導致了以太坊價格的下降。長期下降趨勢的心理影響可能很大，導致恐慌銷售和加劇市場波動。

Amidst this bearish backdrop, Ali Martinez's analysis provides a glimmer of hope for Ethereum bulls. He has identified critical price levels that will determine whether the asset's correction has reached its conclusion or if further downside is imminent.

在這種看跌的背景中，阿里·馬丁內斯（Ali Martinez）的分析為以太坊公牛提供了一絲希望。他已經確定了關鍵的價格水平，這些價格水平將決定資產的更正是否已得出結論，還是即將到來的弊端。

These price levels are based on a combination of technical analysis, on-chain data, and market sentiment. They represent key support and resistance levels that could trigger significant price movements.

這些價格水平基於技術分析，鍊鍊數據和市場情緒的結合。它們代表了關鍵的支持和阻力水平，可以觸發重大的價格變動。

According to Martinez, a decisive break above a specific resistance level could signal the end of the correction and pave the way for a potential rebound. Conversely, a breach of a critical support level could trigger a fresh wave of selling pressure and push Ethereum's price even lower.

根據馬丁內斯（Martinez）的說法，高於特定電阻水平的決定性斷裂可能標誌著校正的結束，並為潛在反彈鋪平了道路。相反，違反關鍵支持水平可能會引發新鮮的銷售壓力浪潮，並將以太坊的價格提高到更低。

The market now awaits to see if Martinez's price predictions will come to fruition.

現在，市場正在等待馬丁內斯的價格預測是否會實現。