以太坊（ETH）的價格在浸入低於$ 1600的價格後嘗試穩定

輸入：以太坊價格低於$ 1,600，試圖穩定。長期持有人幾個月來首次進入投降領域。

Ethereum (ETH) price has been attempting to stabilize after dipping below the crucial $1,600 psychological support amid a surge in user activity and on-chain whale movement.

以太坊（ETH）的價格在低於至關重要的1,600美元的心理支持下，在用戶活動和鏈上鯨魚運動的激增之後，一直試圖穩定。

However, this downward pressure has pushed long-term holders into capitulation territory for the first time in months, signaling a potential shift in market sentiment.

但是，這種下降壓力使長期持有人在幾個月內首次促進了投降領域，這表明市場情緒可能發生了變化。

As the cryptocurrency attempts to find a footing, analysts believe that ETH price could be approaching a turning point that may trigger the long-awaited breakout from the 18-month ranging market.

當加密貨幣試圖找到立足點時，分析人士認為，ETH價格可能正在接近一個轉折點，這可能會引發已久的18個月範圍市場的突破。

One analyst, known as CryptoELITES on X (formerly Twitter), has projected a bullish roadmap for Ethereum, forecasting a $5,000 price target by May 2025 after the final shakeout.

一位在X（以前為Twitter）上被稱為CryptoElites的分析師預計，對以太坊的看漲路線圖，預測在最後一場搖擺之後的2025年5月的價格目標為5,000美元。

The analyst highlighted a historical pattern of accumulation followed by a steep expansion phase.

分析師強調了積累的歷史模式，然後是陡峭的擴張階段。

Ethereum has encountered strong support at the $1,800 level, with the price rebounding multiple times from this zone.

以太坊在1,800美元的水平上遇到了大力支持，從該區域進行了多次折扣。

According to CryptoELITES, the ongoing decline is the final shakeout before the price embarks on a parabolic expansion.

根據CryptoeLites的說法，持續的下降是價格促進拋物線寄生力擴張之前的最後動搖。

The projected path aligns with previous cycles where similar consolidation zones preceded explosive breakouts.

投影路徑與以前的周期對齊，在爆炸性突破之前，相似的合併區域。

If this roadmap plays out, ETH could rally significantly once the 2021 all-time high (ATH) is cleared.

如果該路線圖發揮了作用，一旦清除了2021年曆史最高（ATH），ETH就會大聲疾呼。

The chart vividly split the structure into a bottoming phase, currently in progress, followed by projected upside momentum, aiming for new all-time highs.

該圖表生動地將結構分為底部階段，目前正在進行中，其次是預測的上行勢頭，旨在尋求新的歷史最高點。

By pegging Ethereum's potential to transition into a new bullish phase, CryptoELITES highlighted a long-term opportunity despite the short-term volatility.

通過將以太坊過渡到新的看漲階段的潛力，加密貨幣強調了長期的機會，儘管短期波動。

On-Chain Metrics Signal Capitulation and Value

鏈上指標信號投降和價值

In other developments, on-chain metrics suggest that experienced holders, known as Long-Term Holder Net UnProfitable Participants (LTH-NUPL), have entered capitulation territory.

在其他發展中，鏈界指標表明，經驗豐富的持有人（稱為長期持有人淨無利可圖的參與者（LTH-NUPL））進入了投降領域。

This metric turning red is a rare occurrence and has historically marked the final stages of a bearish phase.

這種指標變紅是罕見的發生，歷史上標誌著看跌階段的最後階段。

As LTHs begin to surrender, it often sets up the stage for a trend reversal.

隨著LTHS開始投降，它經常為趨勢逆轉而設置舞台。

This observation aligns with the behavior of the MVRV Long/Short Difference, which has plunged to -22.26, indicating that ETH price is massively undervalued.

該觀察結果與MVRV長/短差的行為一致，後者跌至-22.26，表明ETH價格被大大低估。

Again, such levels are typically seen at times of maximum pain and have marked ideal accumulation zones in past cycles.

同樣，通常在最大疼痛的情況下可以看到這樣的水平，並且在過去的周期中標記了理想的積累區。

Such conditions usually create opportunities for strategic investors to rotate out of low-yielding assets and into crypto.

這種條件通常為戰略投資者創造機會從低收益資產中旋轉並進入加密貨幣。

An uptick in large transactions, often linked to whale activity, was also observed last week, with over 530,000 ETH being transferred between major wallets.

上週還觀察到了大型交易的上升，通常與鯨魚活動有關，其中主要錢包之間轉移了530,000多個ETH。

One notable event was the sale of 10,702 ETH by a dormant 2016-era wallet, which previously sold only during major corrections, hinting at an effort to trigger panic before recovery.

一個值得注意的事件是通過休眠的2016年小錢包出售10,702 ETH，該錢包以前僅在重大糾正期間出售，這暗示著一種努力在恢復前引發恐慌。

Despite Bearish Sentiment, User Activity Surges

儘管看跌感，但用戶活動激增

Despite the falling price and LTH capitulation, Ethereum network activity has seen a remarkable spike.

儘管價格下降和第LTH投降，但以太坊網絡活動的激增。

Daily active addresses reached 573,000, and transaction volume hit 1.42 million on April 9, the highest since November 2021.

每日活動地址達到573,000，交易量達到4月9日，是2021年11月以來最高的。

This increased activity during market stress suggests a rise in network utility and interest at lower valuations.

市場壓力期間的活動增加表明網絡公用事業的增加和估值較低的興趣。

Notably, both metrics shot up to new all-time highs this year at the beginning of 2024, signaling that even during downturns, Ethereum is still drawing attention.

值得注意的是，這兩個指標在2024年初都達到了今年的新歷史最高點，這表明即使在低迷時期，以太坊仍在引起人們的注意。

The uptick in transactions also speaks to greater adoption, possibly with new users entering at perceived bargain levels.

交易的上升也說明了更大的採用，可能是新用戶進入可觀的討價還價水平。

It reflects confidence in Ethereum's long-term prospects beyond short-term trading.

它反映了以太坊超越短期交易的長期前景的信心。

The case of user engagement supports the establishment of a reversal.

用戶參與的情況支持建立逆轉。

It can be noted that the seasonal increase in user activity corresponds to macro accumulation phases when prices are low.

可以注意的是，用戶活動的季節性增加對應於價格低時的宏積累階段。

The correlation of the user interest and undervaluation metrics indicates that the ETH might be in the process of developing a bottom.

用戶興趣和低估指標的相關性表明，ETH可能正在開發底部。

Moreover, according to crypto analyst TedPillows, the $1.3K–$1.6K range is a generational entry point for Ethereum.

此外，根據加密分析師Tedpillows的說法，$ 1.3K - $ 1.6K的範圍是以太坊的一代入口點。

The analyst highlighted three stages: accumulation, manipulation, and expansion.

分析師強調了三個階段：積累，操縱和擴展。

According to his analysis, the top altcoin price has exited the accumulation zone and is now undergoing a final manipulation phase.

根據他的分析，最高的Altcoin價格已經退出了積累區，現在正在進行最終的操縱階段。

He further noted that institutional adoption is being driven and the market capitalization of stablecoins is massively growing.

他進一步指出，正在驅動機構的採用，而穩定幣的市值正在大大增長。

Thus, there is bearish pressure at the best possible level, and this is another typical sign of a bottoming formation.

因此，在最佳水平上存在看跌壓力，這是底部形成的另一個典型跡象。

When they are put together, his outlook aligns with the notion that ETH is about to swing to a bullish trend.

當他們放在一起時，他的前景與ETH即將趨向看漲趨勢的觀念相吻合。