以太坊（ETH）價格下降，因為投資者樞紐比特幣（BTC）

以太坊（ETH）是市場資本化的第二大加密貨幣，正面臨著銷售壓力的增加，努力維持價格水平以上$ 1800。

The second-largest cryptocurrency, Ethereum (ETH), is faced with increasing selling pressure as it struggles to stay above the $1,800 price level. This downward trend is unfolding as investors are seen pivoting back into Bitcoin (BTC), which recently touched the $84,000 mark.

第二大加密貨幣以太坊（ETH）面臨著銷售壓力的增加，因為它努力保持高於1,800美元的價格水平。隨著投資者被旋轉回比特幣（BTC），這種下降趨勢正在發展，該投資者最近觸及了84,000美元的成績。

This selling pressure on Ethereum could worsen if the price drops below $1,600, putting 8.73 million ETH addresses, currently holding 3.61 million ETH in the $1,596 – $1,790 accumulation zone, into liquidation.

如果價格下跌以下1,600美元以下，將873萬座地址降至1,600美元以下，目前持有361萬ETH的銷售壓力可能會加劇，目前在1,596美元 - 1,790美元的累積區中持有361萬ETH，將其付諸實踐。

What’s more, institutional interest in Ethereum has fizzled in recent weeks, with several key metrics indicating a lack of institutional demand for ETH at current price levels.

更重要的是，最近幾週對以太坊的機構興趣逐漸消失，其中幾個關鍵指標表明在當前價格水平上對ETH的機構需求不足。

Why Is Ethereum’s Price Declining?

為什麼以太坊的價格下降？

Ethereum’s price struggles are driven by several key factors, including:

以太坊的價格鬥爭是由幾個關鍵因素驅動的，包括：

Growing Regulatory Uncertainty: The nomination of Paul Atkins as the new SEC chair was initially seen as a positive development for crypto. However, opposition from Congress due to concerns over potential conflicts of interest has clouded the regulatory landscape. This pushes pro-crypto policies, such as Trump’s proposal to include ETH in the Crypto Strategic Reserve, at risk of delay or rejection.

越來越多的監管不確定性：作為新的SEC主席的提名保羅·阿特金斯（Paul Atkins）最初被視為加密貨幣的積極發展。但是，由於對潛在利益衝突的擔憂，國會的反對使監管局勢蒙上了陰影。這推動了親克賴特（Crypto）政策，例如特朗普（Trump）將ETH納入加密戰略儲備中的提議，面臨延遲或拒絕的風險。

As a result, investors are adopting a more risk-averse approach, seeking refuge in Bitcoin, which is viewed as a more stable asset in times of uncertainty.

結果，投資者正在採用一種更具風險的方法，尋求比特幣的避難所，在不確定性時期，這被視為一種更穩定的資產。

Bitcoin’s recent price surge to $84,000 has further diverted capital from Ethereum, leading to weaker demand for ETH and more price pressure.

比特幣最近的價格上漲至84,000美元，已進一步從以太坊轉移了資金，導致對ETH的需求較弱和價格壓力更大。

Ethereum Price Analysis: March 30

以太坊價格分析：3月30日

On the technical front, Ethereum is currently trading below several key resistance levels, and market trends suggest further downside risks. The asset struggled to break past the $1,800 mark, indicating weakening bullish momentum.

在技​​術方面，以太坊目前的交易低於幾個關鍵的阻力水平，市場趨勢表明進一步的下行風險。資產努力超越了1,800美元的大關，表明看漲的勢頭減弱。

What’s more, the daily trading volume in Ethereum’s spot market dropped by 26% in the last 24 hours, signaling a lack of strong buying interest at current price levels.

更重要的是，以太坊現貨市場的每日交易量在過去24小時內下降了26％，這表明在當前價格水平上缺乏強大的購買興趣。

Key Support and Resistance Levels:

關鍵支持和阻力水平：

$2,000: A key psychological resistance level that could spark a fresh wave of bullish interest if reached.

$ 2,000：一個關鍵的心理阻力水平，如果達到的話，可能會引發新的看漲興趣。

$1,800: A strong resistance zone that has stalled Ethereum’s recent recovery attempts.

$ 1,800：一個強大的阻力區，使以太坊最近的恢復嘗試停滯了。

$1,600: A crucial support level to watch out for. Breaking below this level could invite more selling pressure and open the door for a deeper correction towards $1,500 or lower.

$ 1,600：要注意的關鍵支持水平。突破此水平以下可能會引起更多的銷售壓力，並打開門，以更深入的更正至1,500美元或更低。

8.73 Million ETH Addresses at Risk

873萬ETH處於危險之中

Zoom in on the lower time frame, and the picture for long-term Ethereum holders becomes bleaker. On-chain data from IntoTheBlock reveals that 8.73 million ETH addresses are currently holding their coins in the $1,596 – $1,790 range. This capital at risk is a staggering 3.61 million ETH.

放大較低的時間範圍，長期以太坊持有者的圖片變得黯淡。來自Intotheblock的鍊鍊數據表明，目前有873萬個ETH地址在1,596美元至1,790美元的範圍內持有硬幣。這項處於風險的資本是一個驚人的361萬ETH。

Crucially, if the price drops below $1,600, many of these addresses could be pushed into liquidation. This could trigger a vicious cycle of more selling pressure and further price declines, spelling trouble for already burdened ETH holders.

至關重要的是，如果價格下跌低於1,600美元，則其中許多地址可能會被推入清算。這可能會觸發一個更大的銷售壓力和進一步下降的惡性循環，這給已經負擔重的ETH持有人帶來了麻煩。

Impact of Weak Institutional Demand

機構需求弱的影響

Institutional interest in Ethereum has also dwindled in recent weeks, with several key metrics signaling a lack of institutional demand for ETH at current price levels. Several factors contribute to this decline:

最近幾週，對以太坊的機構興趣也會減少，幾個關鍵指標表明，在當前價格水平上對ETH的機構需求不足。有幾個因素導致這種下降：

ETH vs. BTC: A Shift in Investor Sentiment

ETH與BTC：投資者情緒的轉變

Historically, Ethereum and Bitcoin have shared a strong correlation, with ETH often following BTC’s price movements. However, the recent market dynamics indicate a shift in investor sentiment.

從歷史上看，以太坊和比特幣具有很強的相關性，ETH經常跟隨BTC的價格變動。但是，最近的市場動態表明投資者情緒發生了變化。

While Bitcoin has sustained a strong upward trajectory, Ethereum has struggled to attract buyers, reflecting a growing preference for BTC as a store of value during times of economic uncertainty. This divergence highlights the fragility of Ethereum’s short-term prospects.

儘管比特幣具有強大的向上軌跡，但以太坊一直在努力吸引買家，這反映了對BTC作為經濟不確定性時期的價值儲存的越來越多。這種差異凸顯了以太坊短期前景的脆弱性。

ETH Price Forecast: Risks of a Breakdown Below $1,750

ETH價格預測：細分低於$ 1,750的風險

To sum up, Ethereum is currently facing significant headwinds as it trades at $1,808.82. Technical indicators suggest further downside risks, especially if ETH fails to hold above the $1,750 support level. A breakdown below this level could invite a steeper decline towards $1,600 or lower.

總而言之，以太坊目前面臨重大的逆風，因為它的交易價格為1,808.82美元。技術指標提出了進一步的下行風險，尤其是如果ETH未能超過1,750美元的支持水平。低於此水平的故障可能會使急劇下降到1,600美元或更低。

This move would put millions of ETH holders in the $1,596 – $1,790 accumulation zone at risk of liquidation, potentially triggering a cascade of sell-offs and accelerating the bear market.

這一舉動將使數百萬的ETH持有人在1,596美元至1,790美元的累積區中面臨著清算風險，有可能觸發一系列拋售並加速熊市。

Several bearish indicators support this outlook:

幾個看跌指標支持這種看法：

Despite the recent bullish narrative surrounding crypto, the broader market trends suggest otherwise. The market cap of the total crypto market has dropped by 2.24% in the last 24 hours, signaling a lack of overall strength.

儘管最近圍繞加密貨幣的看漲敘述，但更廣泛的市場趨勢暗示了相反。在過去的24小時內，總加密貨幣市場的市值下降了2.24％，這表明缺乏總體力量。

Moreover, the crypto market volume has decreased by 20.34% in the past 24 hours, indicating reduced trading activity and weaker interest in cryptocurrencies at current price levels.

此外，在過去的24小時內，加密貨幣市場量減少了20.34％，這表明交易活動減少，對加密貨幣的興趣較弱。

This lack of volume could be attributed

缺乏卷可以歸因於