以太坊（ETH）下降到1600美元以下

以太坊（ETH）的跌至1,600美元以下，引發了短期交易者的關注。但是，新興

The second-largest cryptocurrency, Ethereum (ETH), has slipped below the $1,600 mark, triggering concern among short-term traders. However, emerging on-chain and technical data suggests the crypto giant could be entering a critical accumulation phase that often precedes major rallies.

第二大加密貨幣以太坊（ETH）的下滑低於1,600美元，引發了短期交易者的關注。但是，新興的鍊鍊和技術數據表明，加密巨頭可能正在進入一個關鍵的積累階段，通常是在重大集會之前。

According to a fresh analysis published on April 17 by CryptoQuant contributor abramchart, Ethereum is now trading near its realized price, currently around $1,585—a key historical level that has consistently signaled deep-value entry points for long-term investors.

根據CryptoFant貢獻者Abramchart於4月17日發布的全新分析，以太坊現在的交易價格接近其實現的價格，目前約為1,585美元，這一主要歷史級別始終指示長期投資者的深入入口點。

The realized price is a fundamental on-chain metric calculated by the average price at which ETH coins last moved on-chain. According to Abramchart's analysis, when Ethereum trades at or below this level, it indicates undervaluation and market exhaustion.

實現的價格是一個基本的鍊式度量，該指標是由Eth Coins上次移動鏈的平均價格計算得出的。根據Abramchart的分析，當以太坊交易以下或低於此級別時，它表明低估和市場疲憊。

"We can see that the price is approaching the lower band of the realized price model, and the market mood is becoming less bullish, which could be a good thing for institutions or big holders to start accumulating again for the next bull market."

“我們可以看到，價格正在接近已實現的價格模式的下部樂隊，市場情緒變得不那麼看漲，這對於機構或大持有人來說可能是一件好事，即開始在下一個牛市重新積累。”

Realized Price: Ethereum’s Rebound Signal?

實現價格：以太坊的反彈信號？

According to the analysis, periods of low volatility and proximity to the realized price have acted as springboards for major upside moves. For instance, during the 2020-2021 bull market, when Ethereum exhibited low volatility and traded below the realized price for an extended period, it set the stage for a remarkable surge from $1,000 to $4,000 within a few months' time.

根據分析，低波動性和與已實現價格接近的時期充當了重大上行移動的跳板。例如，在2020 - 2021年牛市中，當以太坊表現出低波動性並在長期內交易低於實現的價格時，它為幾個月內的1,000美元至4,000美元的增長奠定了基礎。

After finding support at the $1,000 level in 2021, which coincided with the realized price at the time, Ethereum experienced a significant price increase. However, this move was largely driven by market hype and exuberance, leading to a later correction as the price pulled back to the same $1,000 zone, marking the average price at which the last generation of coins moved.

在2021年以1,000美元的水平找到支持之後，這與當時的實現價格相吻合後，以太坊的價格大幅上漲。但是，這一舉動在很大程度上是由市場炒作和旺盛驅動的，隨著價格恢復到同一$ 1,000的區域，後來進行了更正，這標誌著最後一代硬幣轉移的平均價格。

Furthermore, the analysis highlights that periods of low volatility and proximity to the realized price have been pivotal in past cycles. For instance, during the 2020-2021 bull market, when Ethereum exhibited minimal volatility and traded below the realized price for an extended period, it set the scene for a substantial rally.

此外，分析強調，在過去的周期中，低波動率和與實現價格的距離的時期至關重要。例如，在2020-2021牛市期間，當以太坊表現出最小的波動率並在長時間以下的價格低於實現的價格以下時，它為實質性的集會設定了現場。

As the cryptocurrency navigates this technical and psychological crossroads, traders and analysts are keeping a close eye on the next catalyst—whether that be a macro shift, a breakout on the charts, or a surge in network activity.

當加密貨幣導航這一技術和心理十字路口時，交易者和分析師一直密切關注下一個催化劑 - 無論是宏觀變化，圖表上的突破還是網絡活動激增。