在看跌浪潮中，以太坊面臨即將突破 3,000 美元支撐位

以太坊的看跌情緒加劇，引發人們對跌破 3000 美元支撐區域的擔憂。儘管指標表明存在潛在的買入機會，但投資者應考慮汽油費下降、未平倉合約下降以及休眠流通量激增，這些都表明進一步拋售的可能性很高。

Ethereum Faces Potential Breach of $3,000 Support amid Bearish Sentiment

在看跌情緒中，以太坊可能面臨突破 3,000 美元支撐位的風險

Financial Metrics Signal Caution for Investors

財務指標向投資者發出警訊

Ethereum's [ETH] value has recently encountered a strengthening bearish sentiment, raising concerns among investors. Analysis by Santiment, a blockchain data analytics firm, indicates a surge in negative sentiment surrounding both Bitcoin [BTC] and Ethereum, particularly ahead of the recent halving event.

以太坊的[ETH]價值最近遭遇了看跌情緒的加強，引發了投資者的擔憂。區塊鏈數據分析公司 Santiment 的分析表明，圍繞比特幣 [BTC] 和以太坊的負面情緒激增，尤其是在最近的減半事件之前。

Despite a temporary positive shift in social media engagement on April 18th, when BTC rallied to $64.1k and ETH to $3,094, broader market sentiment remains cautious. AMBCrypto's assessment of key financial metrics further supports this bearish outlook, cautioning investors against premature buying decisions.

儘管 4 月 18 日，社群媒體參與度出現了暫時的積極轉變，比特幣升至 6.41 萬美元，以太坊升至 3,094 美元，但更廣泛的市場情緒仍然保持謹慎。 AMBCrypto 對關鍵財務指標的評估進一步支持了這種看跌前景，警告投資者不要過早做出購買決定。

Decline in Gas Fees Raises Concerns

天然氣費用下降引發擔憂

Open Interest (OI), a measure of outstanding futures contracts, has plummeted significantly for Ethereum in the past ten days. From a peak of $7 billion on April 9th (when Ethereum was valued at $3638), OI has dropped to $4.6 billion at the time of writing (with Ethereum at $2997).

以太坊的未平倉合約（OI）是衡量未平倉期貨合約的指標，在過去十天內大幅下跌。從 4 月 9 日的峰值 70 億美元（當時以太坊估值為 3,638 美元）開始，OI 已降至撰寫本文時的 46 億美元（當時以太坊估值為 2,997 美元）。

This sharp decline in OI suggests a lack of bullish conviction and a reluctance among speculators to take long positions. The 1-day Relative Strength Index (RSI) has also remained below the neutral 50 level for most of March and April, indicating that sellers have maintained momentum.

OI 的急劇下降表明投機者缺乏看漲信念並且不願持有多頭部位。 3 月和 4 月的大部分時間裡，1 天相對強弱指數 (RSI) 也保持在中性 50 水平以下，顯示賣家保持勢頭。

Furthermore, average transaction fees on the Ethereum network have been in steep decline. While this may be beneficial for users, it also points to a potential drop in demand for transactions on the blockchain.

此外，以太坊網路的平均交易費用急劇下降。雖然這可能對用戶有利，但它也表明區塊鏈上的交易需求可能會下降。

Mixed Signals for Buying Opportunity

買進機會的混合訊號

The $3,000 price point, a significant psychological support zone, would have presented an ideal buying opportunity a month ago. However, current market conditions may warrant a more cautious approach.

3,000 美元的價格點是一個重要的心理支撐區域，在一個月前可能是一個理想的買入機會。然而，當前的市場狀況可能需要採取更謹慎的態度。

The 90-day Market Value to Realized Value (MVRV) ratio was below zero at the time of writing, indicating that Ethereum was undervalued and holders were at a loss. This suggests a potential buying opportunity.

截至撰寫本文時，90 天市值與已實現價值 (MVRV) 比率低於零，顯示以太坊被低估且持有者處於虧損狀態。這表明存在潛在的買入機會。

However, the mean coin age has been trending steadily higher for the past three weeks. This metric measures the average age of ETH held in wallets and signals that investors are holding their tokens for longer. The combination of a low MVRV ratio and a rising mean coin age generally indicates a favorable time to purchase an asset.

然而，過去三週，平均硬幣年齡一直呈現穩定上升趨勢。該指標衡量錢包中持有的 ETH 的平均年齡，並表明投資者持有其代幣的時間更長。較低的 MVRV 比率和不斷上升的平均幣齡通常表明是購買資產的有利時機。

Caution Advised Amid Potential Sell-Off

潛在拋售中建議謹慎

Nonetheless, a significant spike in dormant circulation on April 18th highlighted a flurry of token movements. This activity could potentially foreshadow a wave of selling pressure. Furthermore, Bitcoin was teetering on the edge of the $61k support zone at the time of writing, adding to market uncertainty.

儘管如此，4 月 18 日休眠流通量的大幅飆升凸顯了代幣的一系列波動。這項活動可能預示著一波拋售壓力。此外，在撰寫本文時，比特幣在 6.1 萬美元支撐區的邊緣搖搖欲墜，增加了市場的不確定性。

Investors are advised to exercise patience and prudence in making investment decisions. The likelihood of further sell-offs remains elevated, and the possibility of another month or two of consolidation in the wake of recent market exuberance is high.

請投資人保持耐心、審慎做出投資決策。進一步拋售的可能性仍然很高，並且在近期市場繁榮之後再出現一兩個月盤整的可能性很高。