以太坊（ETH）市場跌至看跌情緒的渦流中

當以太坊（ETH）陷入看跌式情緒時，加密貨幣市場正在見證令人恐懼的景象。

The cryptocurrency market is witnessing a chilling spectacle as Ethereum (ETH) plunges into a vortex of bearish sentiment. A confluence of colossal sell-offs, spearheaded by the U.S. government and amplified by institutional and retail investors, has sent shockwaves through the digital asset landscape.

當以太坊（ETH）陷入看跌式情緒時，加密貨幣市場正在見證令人恐懼的景象。由美國政府率領並由機構和零售投資者放大的巨大拋售匯合處，通過數字資產格局引發了衝擊波。

The once-resilient Ethereum, a cornerstone of the DeFi and NFT ecosystems, now faces the daunting prospect of a significant price correction, with the specter of a sub-$1,754 collapse looming large. In the past 24 hours alone, Ethereum has experienced a precipitous 5.75% decline, a stark testament to the mounting selling pressure. This downward spiral, fueled by a collective lack of confidence, has shattered historical patterns and ignited a wave of fear among investors.

曾經有彈性的以太坊，即Defi和NFT生態系統的基石，現在面臨著重大價格校正的令人生畏的前景，而幽靈降低了1,754美元的幽靈。僅在過去的24小時內，以太坊就經歷了5.75％的急劇下降，這表明了銷售壓力的穩定。由於集體缺乏信心的推動，這種下降的螺旋形式破壞了歷史模式，並激發了投資者的恐懼浪潮。

AMBCrypto’s analysis reveals a disturbing truth: the traditional safety nets that once cushioned Ethereum from market downturns have vanished, leaving the asset vulnerable to further losses.

Ambcrypto的分析揭示了一個令人不安的事實：曾經使以太坊從市場低迷中緩存的傳統安全網已經消失了，這使資產易受進一步的損失。

The Government’s Unloading: A $1.77 Million Seismic Shift

政府的卸貨：177萬美元的地震轉變

The epicenter of this bearish earthquake is the U.S. government’s decision to unload a substantial portion of its Ethereum holdings. In a move that has been discussed but never fully realized, the government sold 884.33 ETH, valued at $1.77 million at the time of the transaction.

這次看跌地震的中心是美國政府決定卸載其以太坊持有量的很大一部分。政府在討論但從未完全實現的舉動中，出售了884.33 ETH，在交易時價值177萬美元。

This action, coming from a major player holding 59,965 ETH, signals a profound lack of confidence and casts a long shadow over the asset’s short-term prospects.

這項行動來自一名擁有59,965 ETH的主要球員，這表明缺乏信心，並對資產的短期前景產生了悠久的陰影。

To fully comprehend the gravity of this development, it’s essential to examine the government’s past trading behavior. Historically, their sales have coincided with market downturns, often preceding a bounce back from crucial support levels. However, the current scenario deviates sharply from this pattern.

為了充分理解這一發展的重力，必須檢查政府過去的交易行為。從歷史上看，他們的銷售額與市場低迷相吻合，通常是從關鍵的支持水平反彈之前。但是，當前的場景遠離這種模式。

Previous government sell-offs, such as those on August 5, October 1, and October 24, saw the disposal of 299.95, 74.5, and 177.89 ETH, respectively. Each instance was followed by a decline to the $2,348.43 support level, which acted as a catalyst for a subsequent recovery.

前政府的拋售，例如8月5日，10月1日和10月24日的拋售，分別是299.95、74.5和177.89 ETH的處置。隨後，每個實例下降到2,348.43美元的支持水平，後者是隨後恢復的催化劑。

This time, however, Ethereum is trading below this critical threshold, forming a series of lower lows that indicate a sustained downward trend. The breach of this support level, coupled with the absence of a discernible bounce back, suggests a fundamental shift in market dynamics.

但是，這次以太坊的交易量低於這個關鍵閾值，形成了一系列低低，表明持續的下降趨勢。違反了這種支持水平，再加上沒有明顯的反彈，這表明市場動態發生了根本性的轉變。

The $1,754 Precipice: A Point of No Return?

$ 1,754的懸崖：無回報點？

The implications of this breach are dire. If the selling pressure continues unabated, Ethereum risks plummeting below the $1,754 mark. This level represents a critical juncture; a failure to rebound from this point could trigger a cascade of losses, potentially leading to a significant market correction.

這種違規的含義是可怕的。如果銷售壓力持續不斷，以太坊的風險跌至1,754美元以下。這個級別代表著一個關鍵的關頭；從這一點開始未能反彈可能會引發一系列損失，這可能會導致重大的市場糾正。

AMBCrypto’s analysis further underscores the severity of the situation, revealing that retail sentiment has plummeted to a year-low. This decline, confirmed by Google Trends data showing a significant drop in search interest for Ethereum, indicates a widespread disinterest and a potential exodus from the asset.

Ambcrypto的分析進一步強調了這種情況的嚴重性，表明零售情緒已跌至低一年。 Google趨勢數據證實了這種下降，顯示以太坊的搜索興趣顯著下降，表明資產的普遍不感興趣和潛在的出埃及記。

The Retail Exodus: A Panic-Driven Sell-Off

零售出埃及記：恐慌驅動的拋售

The U.S. government’s sell-off has ignited a wave of panic among retail investors, who are now aggressively offloading their Ethereum. The Coinbase Premium Index, a tool that tracks this behavior, confirms this trend.

美國政府的拋售引起了散戶投資者的恐慌，他們現在正在積極地卸下以太坊。 Coinbase Premium指數是一種跟踪這種行為的工具，確認了這一趨勢。

The index, which turns negative when retail investors are net sellers, has dipped into negative territory for the first time since March 23. This indicates a growing sense of unease among retail traders, who are increasingly opting to sell rather than hold onto their Ethereum.

該指數在零售投資者是淨賣方時變為負面的，自3月23日以來，該指數首次浸入了負領土。這表明零售商交易者越來越不安，他們越來越選擇賣出而不是堅持以太坊。

The negative reading of -0.0016 at press time suggests that selling pressure is gradually mounting, potentially exacerbating the downward trend. This retail panic, fueled by fear and uncertainty, could further contribute to Ethereum’s price decline.

截至發佈時間的-0.0016的負讀數表明，銷售壓力正在逐漸增加，可能會加劇下降趨勢。這種零售恐慌以恐懼和不確定性的助長，可能進一步導致以太坊的價格下降。

The Institutional Flight: A $402.6 Million Departure

機構航班：4.026億美元的出發

Adding to the bearish pressure, institutional investors, who hold approximately $8.83 billion of Ethereum in assets under management, have also been actively selling since the beginning of March.

自3月初以來，在看跌壓力的情況下，機構投資者的管理資產約為88.3億美元，他們也一直在積極出售。

A staggering $402.6 million worth of Ethereum has been sold between March 3 and the present day, signaling a significant shift in institutional sentiment. This exodus of institutional capital, driven by a lack of confidence in Ethereum’s short-term prospects, is further contributing to the asset’s downward trajectory.

在3月3日至今天之間，已經出售了價值4.026億美元的以太坊，這表明機構情緒發生了重大變化。由於對以太坊的短期前景缺乏信心的驅動，機構資本的這種出現進一步促進了資產的下降軌跡。

If these institutions continue their selling spree, they could potentially reach the $1,754 target level, as indicated by the charts. This confluence of selling pressure from government entities, retail traders, and institutional investors creates a perfect storm, threatening to push Ethereum into a deeper market correction.

如果這些機構繼續銷售狂潮，則這些機構可能會達到1,754美元的目標水平，如圖表所示。從政府實體，零售商人和機構投資者那裡銷售壓力的這種匯合處造成了一場完美的風暴，威脅要將以太坊推向更深層次的市場糾正。

The Final Verdict: A Chilling Spectacle

最後的判決：令人毛骨悚然的奇觀

The current market conditions present a bleak outlook for Ethereum, with several bearish factors converging to exert significant selling

當前的市場狀況對以太坊的前景呈現出慘淡的前景，幾個看跌因素聚集起來發揮巨大的銷售