以太坊（ETH）市場分析：負面情緒和恐懼因素（FUD）將價格提高到八週低點

隨著加密貨幣市場的發展，最著名的事件之一是以太坊（ETH）價格的顯著波動。 2月20日，ETH的情況下降了下降，將其推向了2,600美元的八週低點。

As cryptocurrency markets have unfolded, one of the most notable events has been the significant fluctuation in Ethereum (ETH) prices. On February 20, ETH experienced a downward decline, pushing it to an eight-week low of $2,600. This sustained severe price drop has led to heavy losses for long-term holders of the cryptocurrency. However, the broader market landscape offers another perspective, revealing a different angle on the token’s situation.

隨著加密貨幣市場的發展，最著名的事件之一是以太坊（ETH）價格的顯著波動。 2月20日，ETH經歷了下降的下降，將其推向了2,600美元的八週低點。這種持續的價格下跌導致加密貨幣的長期持有人造成了巨大的損失。但是，更廣泛的市場格局提供了另一種視角，揭示了令牌情況的不同角度。

Negative Sentiment and Fear Factor (FUD)

負面情緒和恐懼因素（FUD）

The sharp decline in ETH has largely stemmed from institutional investors’ perspectives, believing the limited potential for a market recovery. These investors, driven by a smarter management of risks, are investing in the token expecting a potential bounce. However, this reasoning has led to a mix of panic and fear-driven selling by retail investors.

ETH的急劇下降很大程度上源於機構投資者的觀點，認為市場恢復的潛力有限。這些投資者在風險較明智的情況下驅動的，正在投資於希望反彈的代幣。但是，這種推理導致了散戶投資者的恐慌和恐懼驅動的銷售。

Decline in Supply and Profitability

供應和盈利能力下降

The decline in ETH’s supply has worsened considerably, with a 32% drop over the past two months. Before, 97% of Bitcoin-hash engines established profit, but now only 65% retain it due to the price decline. This decrease in profitability has caused investors worldwide to lose confidence, with Ethereum underperforming compared to other large-cap cryptocurrencies and contributing to further price pressure.

ETH供應的下降大大惡化，在過去兩個月中下降了32％。以前，有97％的比特幣錘擊發動機建立了利潤，但由於價格下降，現在只有65％的人保留了利潤。與其他大型加密貨幣相比，以太坊的表現不佳，並導致了進一步的價格壓力，盈利能力的下降使全球投資者失去了信心。

FUD and Short-Term Volatility

FUD和短期波動

The fear-driven panic and uncertainty (FUD) explanation has largely taken hold of the market, with retail investors selling off their holdings. This sentiment has accelerated the downward pressure of Ethereum, digging deeper and sending shorter-term holders into panic mode, while longer-term holders are already confident in their position, seeing the token as a profitable buy. Some experts label this a precedent for future market trends, similar to token sentences that can scramble cycles.

以恐懼驅動的恐慌和不確定性（FUD）的解釋在很大程度上佔據了市場，零售投資者出售其股份。這種情緒加速了以太坊的下降壓力，更深入地挖掘並使較短的期持有人進入恐慌模式，而長期持有人已經對自己的位置充滿信心，將令牌視為盈利的買入。一些專家將其標記為未來市場趨勢的先例，類似於可以爭奪週期的令牌句子。

Inflow Patterns and Long-Term Support

流入模式和長期支持

Despite the price decrease, institutional investors remain inclined to take ETH on the buy side. The US’s land price ETF (S&P) recorded its highest single-day inflow in two months, with 89,290 ETH valued approximately $236 million entering fund activities earlier this week. This trend suggests that institutional investors still see ETH as a favorable entry point, despite its current price level.

儘管價格下降，但機構投資者仍然傾向於將ETH帶到買方。美國的土地價格ETF（標準普爾）在兩個月內記錄了其最高的單日流入，其中89,290 ETH的價值約為2.36億美元，本週早些時候投入基金活動。這種趨勢表明，儘管機構投資者目前的價格水平，但機構投資者仍然將ETH視為一個有利的入口點。

Watchdog and Price Predictions

看門狗和價格預測

The sudden price drop since the last ether push has weakened the demand for institutions to take ETH on the buy side. While institutional and spot ETFs provide a gauge of institutional sentiment, predicting whether ETH would reclaim its $2,546 support level or continue to decline remains uncertain. If it holds, Ethereum could emerge as a venue for long-term growth as crypto electric angle gains it access to the discounted price. But if the price does descend below the $2,344 level, it could signal the start of a bearish decline, leaving investors in uncertainty.

自上次以太賽以來的突然價格下降削弱了對機構將ETH置於買入方面的需求。儘管機構和現貨ETF提供了許多機構情緒，但預測ETH將收回其2,546美元的支持水平還是繼續下降，仍然不確定。如果持有的話，以太坊可能會成為長期增長的場所，因為加密型電動角度獲得了折扣價。但是，如果價格確實下降到2,344美元以下，則可能表明看跌的開始下降，使投資者處於不確定性。