以太坊（ETH）可能會捲土重來，因為現場ETF流入和交換餘額下降

以太坊連續兩週撤退，因為人們對需求疲軟和市場份額下降的擔憂仍然存在。

Cryptocurrency prices have fallen sharply in recent months amid concerns about weak demand and falling market share.

由於對需求疲軟和市場份額下降的擔憂，最近幾個月的加密貨幣價格急劇下跌。

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has dropped to a low of $2,140 this week. It bounced back to $2,620 as the crypto industry stabilized.

以太坊（ETH）是全球第二大加密貨幣，按市值計算，本週已下跌至2,140美元。隨著加密貨幣行業的穩定，它返回了2,620美元。

However, ETH remains about 37% below its highest level in December last year.

但是，ETH去年12月的最高水平仍低約37％。

Solana (SOL) has emerged as a formidable rival to Ethereum, especially in the decentralized finance (DeFi) space.

Solana（Sol）已成為以太坊的強大競爭對手，尤其是在分散的金融（DEFI）空間中。

According to DeFi Llama, Solana’s 30-day trading volume reached $264 billion, significantly higher than Ethereum’s $95 billion.

根據Defi Llama的數據，Solana的30天交易量達到2640億美元，高於以太坊的950億美元。

Solana has also overtaken Ethereum in terms of network fees this year. Data from Token Terminal shows that Solana has generated $400 million in fees, making it the third-most profitable cryptocurrency project after Tether (USDT) and Tron (TRX).

索拉納（Solana）在今年的網絡費用方面也已超過以太坊。 Token Terminal的數據表明，Solana已經產生了4億美元的費用，使其成為超過Tether（USDT）和TRON（TRX）的第三大盈利的加密貨幣項目。

Meanwhile, Ethereum has collected about $172 million in fees, ranking sixth among major crypto projects.

同時，以太坊已收取約1.72億美元的費用，在主要加密項目中排名第六。

Rising controversies at the Ethereum Foundation and token dumps by early investors have also contributed to the coin’s price decline.

以太坊基金會和早期投資者的象徵垃圾場的爭議不斷提高，這也導致了硬幣的價格下跌。

Despite the challenges, several factors could set the stage for a potential Ethereum comeback.

儘管面臨挑戰，但幾個因素可能為潛在的以太坊復出奠定了基礎。

One key catalyst is the continuing inflows into spot Ethereum ETFs. According to SoSoValue, these funds have experienced net inflows for six consecutive days, totaling $3.17 billion.

一個關鍵的催化劑是持續流入以太坊ETF。根據Sosovalue的說法，這些資金連續六天經歷了淨流入，總計31.7億美元。

This strong buying activity by Wall Street investors indicates increasing demand for these funds. However, spot Ethereum ETFs still lag behind Bitcoin (BTC) in terms of inflows, with the latter accumulating over $40 billion.

華爾街投資者的這種強大購買活動表明對這些資金的需求不斷提高。但是，就流入而言，現場以太坊ETF仍然落後於比特幣（BTC），後者積累了超過400億美元。

Another positive sign for ETH is the declining balances on cryptocurrency exchanges, which could indicate accumulation by investors.

ETH的另一個積極信號是加密貨幣交易所的平衡下降，這可能表明投資者的積累。

Data from CoinGlass shows that ETH balances on exchanges have fallen to 15.36 million, down from 16.1 million earlier this year. These balances have reached their lowest level since December last year.

來自Coinglass的數據表明，交流的ETH餘額已降至1536萬，低於今年早些時候的1610萬。自去年12月以來，這些餘額已達到其最低水平。

The decrease in on-exchange ETH holdings coincides with a rise in activity in the over-the-counter (OTC) market. Large institutions often engage in OTC activity to execute substantial transactions outside centralized and decentralized exchanges.

交換ETH Holdings的減少與非處方市場（OTC）市場活動的增加相吻合。大型機構經常從事OTC活動，以在集中和分散交流之外執行大量交易。

An examination of the weekly chart reveals that the price of ETH has dropped significantly, reaching a low of $2,140 this week. This marks the lowest level since August of last year.

對每週圖表的檢查表明，ETH的價格已大大降低，本週的低點達到2,140美元。這標誌著自去年8月以來的最低水平。

The price action has formed a hammer pattern on the weekly chart, characterized by a longer lower shadow and a small body, widely recognized as a bullish reversal sign.

價格動作在每週圖表上形成了錘子圖案，其特徵是更長的陰影和一個小的身體，被廣泛認為是看漲的逆轉標誌。

Interestingly, a similar pattern occurred in August when ETH bottomed at $2,139. Both substantial drops occurred during periods of high bearish volume spikes.

有趣的是，八月份ETH的底部為2,139美元，發生了類似的模式。這兩種大量降低都發生在較高的看跌體積峰值期間。

Additionally, ETH has found support at the 200-week moving average, which could indicate a potential bounce back from these lows.

此外，ETH在200週的移動平均水平上找到了支持，這可能表明從這些低點反彈。