以太坊（ETH）交流的供應最近見證了急劇下降

以太坊（ETH）最近見證了其集中交流的供應急劇下降，這種趨勢可能表明其價格的潛力。約翰·多伊（John Doe）。

The amount of Ethereum (ETH) held on centralized exchanges has dropped rapidly, indicating that investors could be preparing for a future price increase.

集中式交易所舉行的以太坊（ETH）數量迅速下降，表明投資者可以為未來價格上漲做準備。

According to on-chain data from analytics firm Santiment, the “Supply on Exchanges” metric for Ethereum has decreased by 16.4% over the past seven weeks. This brings the metric to its lowest level since 2015.

根據分析公司的鍊鍊數據，在過去的七個星期中，以太坊的“交流供應”度量標準下降了16.4％。這使該指標達到了自2015年以來的最低水平。

What Is the "Supply on Exchanges" Metric?

什麼是“交流供應”度量標準？

The “Supply on Exchanges” measures the total amount of an asset that is being held by centralized exchanges in their designated deposit wallets.

“交流供應”衡量了由指定存款錢包中的集中交易所持有的資產總額。

When this metric goes up, it signifies that more tokens are being deposited by investors into exchanges, usually with the purpose of selling them. This usually puts downward pressure on prices as it signals increased selling activity.

當這個指標上升時，它表明投資者將更多的令牌存入交易所，通常是為了出售它們。這通常會給價格下降壓力，因為IT信號增加了銷售活動。

Conversely, when this metric goes down, it shows that a large amount of an asset is being withdrawn from exchanges, suggesting that investors may be accumulating or holding onto their assets in preparation for a potential price increase.

相反，當該指標下降時，它表明大量資產正在從交易所中撤回，這表明投資者可能正在積累或持有其資產，以準備增加潛在的價格上漲。

Major Ethereum Withdrawal Event

重大以太坊戒斷事件

The 16.4% drop in Ethereum’s supply on exchanges indicates that investors are quickly moving their ETH tokens from exchanges.

以太坊在交易所供應的16.4％下降表明，投資者正在迅速將其ETH令牌從交易所移動。

This is a major net withdrawal of investors from exchanges, and it could be driven by several factors, including:

這是投資者從交流中的主要淨撤離，它可能是由幾個因素驅動的，其中包括：

* Increasing confidence in Ethereum’s long-term value.

*增加對以太坊的長期價值的信心。

* Greater participation in decentralized finance (DeFi) projects.

*更多地參與分散財務（DEFI）項目。

* Involvement in staking activities, where investors lock up their ETH to earn interest.

*參與積分活動，投資者將其ETH鎖定以贏得利息。

As the chart from Santiment shows, this decrease in supply on exchanges has coincided with a drop in Ethereum’s price, which has seen some volatility over the past few weeks.

正如Santiment的圖表所示，交易所供應的這種減少與以太坊的價格下降相吻合，在過去的幾周中，這種價格下降了。

However, even though the price of Ethereum (ETH) has been moving sideways recently, this decline in supply could signal that the token is entering a phase of accumulation rather than selling, setting the stage for future price gains.

但是，即使以太坊（ETH）的價格最近一直在側向移動，但這種供應下降也可能表明令牌正在進入積累階段而不是銷售階段，這為未來的價格上漲奠定了基礎。

DeFi and Staking Contributions

Defi和Staking捐款

One of the main reasons for this decrease in supply on exchanges could be the increasing adoption of decentralized finance (DeFi) platforms and Ethereum staking services.

交易所供應減少的主要原因之一可能是分散融資（DEFI）平台和以太坊儲存服務的採用越來越多。

Ethereum 2.0, which introduced the proof-of-stake (PoS) consensus mechanism, allows users to stake their ETH and earn rewards in return. This incentivizes long-term holding and could be one of the main factors driving Ethereum out of exchanges and into staking contracts.

引入了驗證證明（POS）共識機制的Ethereum 2.0允許用戶存放其ETH並獲得回報。這激勵了長期持有，並且可能是將以太坊從交流和簽訂合同簽訂的主要因素之一。

DeFi platforms, which enable a wide range of financial services on the blockchain, have also become increasingly popular among Ethereum holders. As more ETH is locked up in DeFi protocols, it reduces the overall supply available on exchanges, adding to the bullish potential.

DEFI平台在區塊鏈上促進廣泛的金融服務，在以太坊持有人中也越來越受歡迎。隨著越來越多的ETH鎖定在Defi協議中，它減少了交流中可用的總體供應，從而增加了看漲的潛力。

Comparing With Bitcoin

與比特幣進行比較

Interestingly, the decrease in Ethereum’s supply on exchanges is not mirrored by Bitcoin (BTC).

有趣的是，比特幣（BTC）並沒有反映以太坊在交流上的供應減少。

Although Bitcoin has also seen a decline in its supply on exchanges, the overall trend has been relatively stable in comparison to Ethereum’s more dramatic drop. This could suggest that Ethereum investors, including whales, are more actively buying the dip and accumulating ETH compared to Bitcoin holders, who may be less inclined to take action during this market cooldown.

儘管比特幣在交流方面的供應量也有所下降，但與以太坊更具戲劇性的下降相比，總體趨勢相對穩定。這可能表明，與比特幣持有人相比，包括鯨魚在內的以太坊投資者（包括鯨魚）更積極地購買浸入和積累的ETH，他們可能不太願意在這個市場冷卻期間採取行動。

Technical Analysis Viewpoint

技術分析觀點

While Ethereum’s on-chain data appears bullish, the technical analysis (TA) tells a different story. According to analyst Ali Martinez, Ethereum has been trading within a parallel channel for the past couple of years, and its price has recently been on a downtrend.

儘管以太坊的鍊鍊數據似乎看漲，但技術分析（TA）講述了一個不同的故事。根據分析師阿里·馬丁內斯（Ali Martinez）的說法，在過去的幾年中，以太坊一直在平行渠道內進行交易，其價格最近一直處於下降趨勢。

suggesting that Ethereum may be on its way to test the lower level of this channel, which could mean further short-term price weakness.

表明以太坊可能正在測試該渠道的較低級別，這可能意味著進一步的短期價格弱點。

At the time of press, Ethereum is trading at $1,960, down more than 3% over the last week. The price appears to be consolidating within a tight range, with little momentum either way.

在新聞發布會時，以太坊的交易價格為1,960美元，比上週下降了3％以上。價格似乎在緊密的範圍內鞏固，無論哪種方式都有很小的動力。

However, the drop in supply on exchanges, coupled with Ethereum’s strong ecosystem and the growing adoption of its blockchain, could set the stage for a positive long-term outlook. As Ethereum continues to benefit from the DeFi boom and the Ethereum 2.0 upgrade, this could be a factor to watch for those seeking signs of a bullish trend in the near future.

但是，交流的供應下降，再加上以太坊的強大生態系統以及越來越多的區塊鏈的採用，可能為積極的長期前景奠定了基礎。隨著以太坊繼續從Defi Boom和Ethereum 2.0升級中受益，這可能是關注那些在不久的將來尋求看漲趨勢跡象的因素。