據加密分析師阿里·馬丁內斯（Ali Martinez）稱

著名的加密分析師阿里·馬丁內斯（Ali Martinez）表示，以太坊價格可能接近投降的終結。

Famous crypto analyst Ali Martinez believes that the Ethereum (ETH) price may be nearing the end of the capitulation, according to his latest analysis.

根據他的最新分析，著名的加密分析師阿里·馬丁內斯（Ali Martinez）認為，以太坊（ETH）的價格可能接近投降的終結。

In a recent X post, Martinez highlighted that Ethereum’s Entity-Adjusted Dormancy Flow has dropped below one million. This metric, which measures the relative value of coins being held versus the rate at which they are being spent, has been linked to Ethereum bottoms in the past.

在最近的X帖子中，馬丁內斯強調說，以太坊的實體調整的休眠流量已下降到100萬以下。該指標可以衡量持有硬幣的相對價值與花費的速度相對值，但過去與以太坊底部有聯繫。

“This historically indicates a macro bottom zone, meaning $ETH might be undervalued and long-term holders are less inclined to sell,” Martinez explained.

馬丁內斯解釋說：“從歷史上看，這表明宏觀底部區域，這意味著$ eth可能被低估了，長期持有人不太傾向於出售。”

The analyst noted that this metric shows low sentiment and possible accumulation by “smart money”. He added, “Capitulation may have occurred, smart money might be accumulating.”

分析師指出，該度量標準表現出“智能貨幣”的低點和可能的積累。他補充說：“投降可能發生了，聰明的錢可能正在積累。”

This Ethereum analysis has sparked cautious optimism among investors, as similar patterns have led to recovery in the past.

這種以太坊分析引發了投資者的謹慎樂觀，因為過去的類似模式導致了過去的康復。

#Ethereum Entity-Adjusted Dormancy Flow just dropped below 1 million.

#Ethereum實體調整後的休眠流量剛剛降至100萬以下。

This historically indicates a macro bottom zone, meaning $ETH might be undervalued and long-term holders are less inclined to sell. It also suggests:

從歷史上看，這表明宏觀底部區域，這意味著$ ETH可能被低估，並且長期持有人不太傾向於出售。它也暗示：

• Sentiment is low

•情緒低落

• Capitulation may have occurred

•投降可能發生了

• Smart money might be... pic.twitter.com/8mFc3Qdxoy

•聰明的錢可能是... pic.twitter.com/8mfc3qdxoy

— Ali Martinez (@ali_martinez) April 11, 2025

-Ali Martinez（@ali_martinez）2025年4月11日

The Entity-Adjusted Dormancy Flow compares Ethereum’s market cap to the dormancy value, adjusted for unique entities rather than raw addresses. This metric is used to identify periods of price extrema, which can be either a bottom or a top.

實體調整後的休眠流程將以太坊的市值與休眠價值進行了比較，該損失是針對獨特實體而不是原始地址進行了調整的。該指標用於識別價格超值時期，這可以是底部或頂部。

Meanwhile, Ethereum’s price has dropped over 55% in the past year and is currently trading around $1,557. Despite this prolonged decline, analysts are finally beginning to see signs of an Ethereum price bottom.

同時，以太坊的價格在過去一年中下跌了55％以上，目前的交易價格約為1,557美元。儘管有延長的下降，但分析師終於開始看到以太坊價格最低點的跡象。

CryptoQuant collaborator theKriptolik pointed out that ETH has fallen below its Actual Price, a metric showing the average acquisition cost across the blockchain.

CryptoQuant合作者Thekriptolik指出，ETH跌至其實際價格低於其實際價格，這是一個標準，顯示了整個區塊鏈的平均收購成本。

However, such drops in prices also signal strategic accumulation opportunities for long-term holders.

但是，價格下跌也表示長期持有人的戰略積累機會。

"After a year of downward movement, #ETH has fallen below its Actual Price, suggesting a capitulation phase. This aligns with the low Entity-Adjusted Dormancy Flow, indicating potential accumulation by smart money and a macro bottom zone."

“經過一年的下降，#ETH降至其實際價格低於其實際價格，這表明是一個投降階段。這與低實體調整的休眠流量保持一致，表明智能貨幣和宏觀底部區域的潛在積累。”

This suggests that the cryptocurrency might be undervalued, and long-term holders are less likely to sell their coins.

這表明加密貨幣可能被低估了，長期持有人出售硬幣的可能性較小。

Martinez issued a warning that ETH could dip as low as $1,200 if selling pressure persists.

馬丁內斯（Martinez）發出警告，如果銷售壓力持續存在，ETH可能會下降到1200美元。

Another analyst, NotWojak, suggested that ETH might be on the verge of a breakout. He stated that this breakout may take ETH up to $1,835.

另一位分析師霍斯沃克（Notwojak）建議，ETH可能處於突破的邊緣。他說，這一突破可能會使ETH高達1,835美元。

With Ethereum’s on-chain data suggesting possible recovery and analysts divided on its short-term growth path, it remains to be seen whether the second-largest cryptocurrency will manage to break out of its current slump.

通過以太坊的鍊鍊數據表明可能的恢復，分析師在其短期增長路徑上有所分歧，第二大加密貨幣是否能夠爆發其當前的低迷，這尚待觀察。