以太坊（ETH）價格預測：鯨魚垃圾場760,000 ETH，導致價格下降到20天的EMA以下

以太坊正面臨著越來越多的挑戰

The post Ethereum Faces Triple Threat As Whales Sell, BTC Dominance Grows, And DeFi Share Shrinks appeared first on Chain Link.

隨著鯨魚的出售，BTC優勢的增長，以太坊後的以太坊面臨三重威脅，而Defi共享收縮率首先出現在鏈環上。

Relative strength indicator now stands at 40.73.gradient of the line suggests increasing selling pressure.

現在，相對強度指標為40.73。該線的分數表明銷售壓力增加。

After a stellar performance throughout 2023, fueled by anticipation for the highly touted "Ethereum narrative," the second-largest cryptocurrency, Ethereum (ETH), now faces pressing challenges that threaten its underwhelming price performance in 2024.

在整個2023年的表現出色之後，第二大加密貨幣（ETH）的高度吹捧的“以太坊敘事”的期望引起了人們的期望之後，現在面臨著威脅到2024年價格低廉的價格表現的緊迫挑戰。

At the current price point of $1,880, the cryptocurrency is facing difficulties in breaking above the 20-day Exponential Moving Average (EMA), suggesting a continuation of bearish momentum.

在目前的1,880美元的價格點上，加密貨幣在超過20天的指數移動平均線（EMA）方面面臨困難，這表明持續持續看跌。

Multiple limiting factors have contributed to this underwhelming performance, contrasting sharply with Bitcoin’s resilience.

多個限制因素促成了這種不足的表現，與比特幣的彈性形成鮮明對比。

Whales Are Selling

鯨魚正在銷售

According to crypto analyst Ali Martinez, large Ethereum holders have sold approximately 760,000 ETH in the last two weeks.

根據加密分析師阿里·馬丁內斯（Ali Martinez）的說法，在過去的兩個星期中，大型以太坊持有人售出了約760,000 ETH。

"Interesting stat: Whales have sold 760,000 #Ethereum $ETH in the last two weeks!

“有趣的統計：鯨魚在過去兩個星期中售出了760,000 #Ethereum $ eth！

"The number of large ETH transactions has fallen by 63.8% since February 25, 2024, signaling a drop in activity on the network."

“自2024年2月25日以來，大型ETH交易的數量下降了63.8％，這表明該網絡活動下降。”

This move has likely contributed to the recent price weakness as the crypto behemoths are exiting the market.

隨著加密龐然大物正在退出市場，這一舉動可能導致了最近的價格疲軟。

However, the reduction in the number of large transactions is more concerning. Since February 25, there has been a 63.8% decline in the number of large ETH transactions, signaling a substantial drop in whale activity.

但是，大型交易數量的減少更加令人擔憂。自2月25日以來，大型ETH交易的數量下降了63.8％，這表明鯨魚活動大幅下降。

This slowdown suggests that institutional players and major investors are either exiting the market or choosing to stay on the sidelines, which bodes poorly for liquidity, market confidence, and price support for ETH in the near term.

這種放緩表明，機構參與者和主要投資者要么離開市場，要么選擇留在場上，因為這在短期內，由於流動性，市場信心和對ETH的價格支持的體現較差。

If whales continue to offload ETH at this rate, Ethereum may struggle to regain bullish momentum.

如果鯨魚繼續以這種速度卸載ETH，以太坊可能會難以恢復看漲的勢頭。

ETH/BTC Ratio Hits a 3-Year Low

ETH/BTC比率達到3年低點

Furthermore, the ETH/BTC ratio has dropped to 0.022, its lowest level since December 2020. This also marks a 73% decline from its 0.085 peak in September 2022.

此外，ETH/BTC的比率已下降到0.022，這是自2020年12月以來的最低水平。這也標誌著2022年9月的0.085峰值下降了73％。

At a current price of $1,880, Ethereum is down 9% over the past week and 62% from its all-time high of $4,890 in November 2021.

以太坊目前的價格為1,880美元，在過去一周中下降了9％，比2021年11月的4,890美元的歷史最高點下降了62％。

In contrast, Bitcoin has remained more resilient, trading at around $84,300, with only a 10% decline year-to-date (YTD). Meanwhile, Ethereum has plunged 46% YTD, indicating that investor confidence in ETH is waning.

相比之下，比特幣保持更具彈性，交易約為84,300美元，畢業生僅10％（YTD）。同時，以太坊跌落了46％的YTD，表明投資者對ETH的信心正在減弱。

The decrease in the ETH/BTC ratio highlights the shifting dynamics in the crypto market, with Bitcoin managing to retain value despite the YTD price weakness, while Ethereum faces steeper losses and growing difficulties.

ETH/BTC比率的下降突出了加密市場中的動態變化，儘管YTD價格疲軟，但比特幣仍保持了價值，而以太坊則面臨著更陡峭的損失和越來越大的困難。

This disparity might be attributed to the narrative surrounding both crypto behemoths. Bitcoin, often viewed as a safe-haven asset due to its resilience and first-mover advantage, seems to be attracting more liquidity and institutional interest.

這種差距可能歸因於圍繞兩個加密龐然大物的敘述。比特幣由於其韌性和首先發揮優勢而被視為避風港資產，似乎吸引了更多的流動性和機構利益。

On the other hand, Ethereum, which is largely hyped for its role in DeFi and Web3, appears to be losing steam as investors seek out alternatives or prefer to stay liquidated.

另一方面，由於投資者尋求替代方案或寧願保持清算的方式，因此在很大程度上因其在Defi和Web3中的作用而受到炒作的以太坊似乎正在失去動力。

This shift in narrative and liquidity flows might be pushing the ETH/BTC ratio to new lows, indicating a potential preference for Bitcoin over Ethereum among institutional and large-scale investors.

敘事和流動性流的這種轉變可能是將ETH/BTC比率提高到新低點，這表明對比特幣而不是機構和大型投資者的以太坊的偏好。

This shift in liquidity and narrative could have implications for the YTD performance of both crypto behemoths.

流動性和敘述的這種轉變可能對兩種加密龐然大物的YTD表現產生影響。

Finally, Ethereum’s dominance in the total value locked (TVL) of DeFi protocols has also seen a notable decline.

最後，以太坊在DEFI協議的總價值鎖定（TVL）中的主導地位也顯著下降。

As of press time, Ethereum’s TVL stands at $50.68 billion, accounting for 52.76% of the total DeFi market. However, this represents a decline from its 61.64% share in February 2024.

截至發稿時，以太坊的TVL為506.8億美元，佔DEFI總市場的52.76％。但是，這比2024年2月的61.64％份額下降。

One of the biggest beneficiaries of this shift has seen Solana's TVL increase from 2.84% to 7.24%, bringing its total to $6.69 billion–a more than 2.5x increase in just over a year.

這一轉變中最大的受益人之一是，索拉納的TVL從2.84％增加到7.24％，總計達到66.9億美元，一年以上增長了2.5倍。

The rise of competing ecosystems like Solana underscores the growing demand for more efficient, lower-cost alternatives to Ethereum.

諸如Solana之類的競爭生態系統的興起強調了對以太坊更高效，低成本替代品的日益增長的需求。

As investors and liquidity providers seek out new opportunities, the landscape of DeFi is evolving, presenting both challenges and possibilities for Ethereum to maintain its leading position.

隨著投資者和流動性提供商尋求新的機會，Defi的景觀正在發展，這既提出了以太坊維持其領先地位的挑戰和可能性。