以太坊的交換儲量達到了歷史最低水平，作為defi和Staking Lure持有者

以太坊的交換儲量已減少到歷史悠久的低點，僅897萬ETH，這一數字讓人聯想到加密貨幣在2015年11月的新生日。

The latest report by Santiment, a cryptocurrency analytics firm, highlights a striking anomaly in Ethereum’s market behavior. Despite a massive exodus of 16.4% from exchange reserves in just seven weeks, which typically bodes well for price increases due to reduced sell-side pressure, the cryptocurrency's price has remained relatively stagnant.

加密貨幣分析公司Santiment的最新報告突出了以太坊市場行為的驚人異常。儘管在短短七個星期內從交換儲備中獲得了16.4％的大量出埃及記，這通常是由於賣方壓力降低而造成的，但加密貨幣的價格仍然相對停滯。

This finding is especially interesting in the context of the last time Ethereum experienced such low exchange balances—back in November 2015 during its early days. At the time, a triple-bottom pattern at $0.70 formed, which led to a 4,000% price increase over the next year as the market woke up to the potential of smart contracts.

在以太坊上一次經歷瞭如此低的交換餘額的背景下，這一發現尤其有趣 - 2015年11月在其早期。當時，形成0.70美元的三底模式，隨著市場醒來的潛力，明年的價格上漲了4,000％。

The current situation is unfolding differently, with Ethereum's price struggling to capitalize on the reduced supply and instead grappling with a 47% decline from its December peak. This divergence raises questions about what else might be impacting Ethereum's market dynamics.

當前情況的發展方式不同，以太坊的價格努力利用減少的供應，而努力從12月的山峰開始努力下降了47％。這種差異提出了有關其他可能影響以太坊市場動態的問題。

As we highlighted last week, the huge majority of the activity on CEX's is now being done on layer-2 chains, not the mainnet. This has massively reduced monthly mainnet usage and fee revenue, despite the recent "Dencun" upgrade aiming to lower gas. As such, it appears that while layer-2 activity is great for the ecosystem overall, it's hurting the economic model of the mainnet.

正如我們上周強調的那樣，現在，CEX的大部分活動都在第2層鏈上而不是主網上進行。儘管最近有“ Dencun”升級旨在降低天然氣，但這大大減少了每月的主網使用和費用收入。因此，儘管第2層活動對於整體生態系統來說非常有用，但它卻損害了主網的經濟模型。

The report also touches upon the pending approval of staking for Ethereum exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Both the New York Stock Exchange and the Chicago Board Options Exchange have submitted requests to the SEC to permit staking in their respective applications for an Ethereum ETF.

該報告還涉及美國證券交易委員會（SEC）的以太坊交易所交易基金（ETF）的待辦事項批准。紐約證券交易所和芝加哥董事會期權交易所都向SEC提交了請求，以允許在各自的以太坊ETF申請中出現。

The approval of staking for ETFs would open up a new avenue for institutional participation in Ethereum, potentially driving demand and bolstering its price. However, despite the pending approval of several institutions' applications for an Ethereum ETF, we're still not seeing a surge in interest. In fact, the opposite is happening.

批准ETF的股權將為機構參與以太坊的新途徑開放，並有可能促進需求並加強其價格。但是，儘管有幾個機構申請以太坊ETF的申請尚待批准，但我們仍然沒有看到興趣激增。實際上，情況正在發生。

Over the past month alone, we've seen $370 million in outflows from institutional Ethereum products. This lack of interest might be due to the SEC's constant delays in approving the applications, which has led to some institutions losing their appetite for investing in Ethereum.

僅在過去一個月中，我們就看到了3.7億美元的機構以太坊產品的流出。這種缺乏興趣可能是由於SEC批准申請的不斷延遲，這導致一些機構失去了對以太坊投資的需求。

The approval of staking and the subsequent launch of an ETF would be a crucial turning point for Ethereum's price trends.

積分的批准和隨後的ETF啟動將是以太坊價格趨勢的關鍵轉折點。

"A decisive move above the $2,042 (fib 2.000) resistance could open the door for a rally towards the $2,820 (fib 2.618) or even $3,360 (fib 3.236) price levels. On the other hand, a clear breakdown below the $1,986 (fib 1.618) support could continue the correction towards the $1,714 (fib 1.414) level," the report concludes.

“超過2,042美元（FIB 2.000）阻力的決定性舉動可以打開一場集會，直達2,820美元（FIB 2.618），甚至3,360美元（FIB 3.236）的價格水平（FIB 3.236）的價格水平。另一方面，在1,986美元的支持下，明顯的崩潰可能會繼續劃分1,986美元（FIB 1.618）（FIB 1.618）（FIB 1.618）級別1.14（1.614）1.714（1,714（1,714）（1,714）'總結。