以太坊（ETH）下降到$ 1,800以下，短期持有人意識到了4億美元的損失

以太坊（ETH）是市場資本化的第二大加密貨幣，在最近的市場動盪使短期持有人實現了超過4億美元的損失之後，再次成為人們關注的焦點。

The second-largest cryptocurrency, Ethereum (ETH), is once again in the spotlight as recent market turbulence saw short-term holders realize nearly $400 million in losses this week. The token’s sharp decline below $1,800 has also sparked fears of further liquidation cascades, even as some analysts maintain a cautiously bullish outlook for the remainder of 2025.

第二大加密貨幣以太坊（ETH）再次引起了人們的關注，因為最近的市場動盪使短期持有人本週意識到了近4億美元的損失。令牌低於1,800美元的急劇下降也引起了人們對進一步清算級聯的擔憂，即使某些分析師在2025年的其餘部分中保持了謹慎的看法。

Ethereum Bears vs Bulls: A Battle at $1,800

以太坊熊對公牛：1,800美元的戰鬥

以太坊熊對公牛：1,800美元的戰鬥

ETH’s recent downturn has been triggered by a combination of macroeconomic headwinds and whale activity. In the past week alone, Ethereum dropped more than 10%, dipping to a low of $1,754 before recovering slightly above $1,900. The price action came amid broader crypto market losses and increased geopolitical uncertainty, notably linked to tariff policies and institutional outflows.

ETH最近的低迷是由宏觀經濟逆風和鯨魚活動的結合引起的。僅在過去的一周中，以太坊就下降了10％以上，降至1,754美元的低點，然後恢復了略高於1,900美元。價格行動是由於更廣泛的加密貨幣市場損失和增加地緣政治不確定性的增加而採取的，這特別是與關稅政策和機構外流有關。

On-chain data from Chainalysis paints a mixed picture. Ethereum ETFs recorded a net outflow of over $409 million in March, and whales deposited large amounts of ETH to centralized exchanges, hinting at a risk-off sentiment. Meanwhile, futures liquidations surged past $63 million, underscoring the volatility engulfing the market.

鏈條分析的鏈上數據繪製了混合圖片。 3月，以太坊ETF記錄了超過4.09億美元的淨流出，鯨魚將大量ETH存放到集中式交易所，暗示了風險的情緒。同時，期貨清算飆升了6300萬美元，強調了席捲市場的波動。

Technical Analysis: Holding the Line or Breaking Down?

技術分析：握住線路還是崩潰？

技術分析：握住線路還是崩潰？

Technical indicators are equally split. While the daily chart shows a bearish trend with ETH trading below its 100-hour Simple Moving Average, there are signs of a possible reversal. Analysts at Levels.io have pointed to a potential double-bottom pattern forming around the $1,762 support, accompanied by bullish RSI divergence.

技術指標平均分配。儘管每日圖表顯示出看跌的趨勢，而ETH交易低於其100小時簡單的移動平均線，但存在可能的逆轉跡象。 Levels.io的分析師指出，圍繞1,762美元的支持，可能會形成潛在的雙底模式，並伴隨著Bullish RSI Divergence。

For a meaningful recovery, ETH must break key resistance levels at $2,070. A move above $2,100 could open the door to further gains, possibly targeting $2,320 and beyond. However, if Ethereum loses the $1,800 support zone, bears could push the price down to $1,720 or even $1,500, with whales facing liquidation risks around $1,787 and $1,701.

為了進行有意義的恢復，ETH必須以2,070美元的價格打破關鍵阻力水平。超過$ 2,100的舉動可以打開進一步收益的大門，可能目標是2,320美元及以後。但是，如果以太坊損失了1,800美元的支持區，熊可能會將價格降至1,720美元甚至1,500美元，鯨魚麵臨著清算風險約1,787美元和1,701美元。

On-Chain Data Shows Diverging Sentiment

鏈上數據顯示了不同的情緒

鏈上數據顯示了不同的情緒

According to on-chain data from CryptoQuant and Santiment, short-term holders (STHs) triggered nearly $400 million in realized losses this week as ETH’s sharp decline below the $1,800 put pressure on newer market participants.

根據CryptoQuant and Santiment的鍊鍊數據，短期持有人（STHS）本週觸發了近4億美元的實現損失，因為ETH的急劇下降低於$ 1,800的新市場參與者的壓力。

Dormancy circulation metrics indicate that capitulation is underway among STHs. However, long-term behavior suggests resilience. Interestingly, whales holding between 10K and 100K ETH have increased their holdings by 290K ETH over the weekend, even as smaller whale cohorts (1K-10K ETH) reduced exposure. Additionally, exchange reserves are at multi-month lows, with 940K ETH withdrawn in March. Over 530K ETH has been added to staking protocols during this period, signaling a long-term belief in Ethereum’s value.

休眠循環指標表明在Sth之間進行了投降。但是，長期行為暗示了韌性。有趣的是，在周末，持有10K至100K ETH的鯨魚將其持有量增加了290K ETH，即使較小的鯨魚隊列（1K-10K ETH）減少了暴露量。此外，交換儲量處於多個月低點，三月份撤回了940k ETH。在此期間，已將超過530k的ETH添加到了Straging協議中，這表明了人們對以太坊價值的長期信念。

Is Ethereum Still a Smart Crypto to Buy Now?

以太坊仍然是現在購買的聰明加密嗎？

以太坊仍然是現在購買的聰明加密嗎？

Despite the bearish technicals, many analysts remain optimistic on Ethereum’s long-term fundamentals. The rise in staking, declining exchange supply, and the ongoing transition to proof-of-stake continue to reinforce Ethereum’s position as a foundational asset in the Web3 and DeFi ecosystem.

儘管有看跌技術，但許多分析師對以太坊的長期基本面仍然樂觀。積累，交換供應量下降以及持續過渡到驗證證明的上升繼續增強以太坊在Web3和Defi生態系統中作為基礎資產的地位。

Macro events, such as geopolitical instability and institutional divestment, may continue to weigh on price action in the short term. However, if ETH can defend the $1,900 level and reclaim $2,070, momentum could shift quickly.

宏觀事件，例如地緣政治不穩定和機構撤資，可能會在短期內繼續權衡價格行動。但是，如果ETH可以捍衛$ 1,900的水平並收回$ 2,070，那麼勢頭可能會迅速轉移。

For long-term investors, the current dip may present an opportunity—but only if Ethereum holds the line.

對於長期投資者而言，目前的下降可能會帶來機會，但只有以太坊持有這一線路。

The Last Dwarfs ($TLD): A New Alternative for Long-Term Crypto Growth?

最後的矮人（$ tld）：長期加密增長的新替代方案？

最後的矮人（$ tld）：長期加密增長的新替代方案？

While Ethereum continues to dominate headlines, a new altcoin is quietly gaining ground during the presale phase: The Last Dwarfs ($TLD). As a gaming-integrated crypto ecosystem, TLD introduces a novel Play-to-Invest model that lets users earn exposure to early-stage blockchain projects through gameplay.

儘管以太坊繼續主導頭條新聞，但在預售階段，新的山寨幣悄悄地獲得了地面：最後一個矮人（$ tld）。作為遊戲集成的加密生態系統，TLD引入了一種新穎的遊戲投資模型，使用戶可以通過遊戲玩法獲得早期階段區塊鏈項目的曝光率。

Already live and integrated with the TON blockchain and Telegram, The Last Dwarfs has onboarded over 300,000 users, a rarity for presale-stage projects. Now in Stage 2 of its presale, $TLD is available for $0.00852, offering staking rewards up to 300% APY and a 15% referral bonus through its Ref2Earn program.

最後的矮人已經與噸的區塊鍊和電報一起生活並集成了，已經登上了30萬用戶，這是前階段項目的罕見性。現在，在其預售的第2階段，$ tld的價格為0.00852美元，可通過其Ref2earn計劃提供高達300％的APY獎勵和15％的推薦獎金。

As investors evaluate their portfolio for 2025, $TLD stands out as a unique, high-upside opportunity amid a market seeking both innovation and traction.

隨著投資者在2025年評估其投資組合時，在尋求創新和牽引力的市場中，$ TLD是一個獨特的高級機會。

Join $TLD Presale

加入$ tld預售

Final Thoughts – Is ETH Still a Good Investment?

最終想法 - ETH還是一項不錯的投資嗎？

最終想法 - ETH還是一項不錯的投資嗎？

Ethereum’s recent downturn has sparked intense debate: is it

以太坊最近的低迷引發了激烈的辯論：是嗎