以太坊在動盪和清算高峰中暴跌

以太坊最近的價格波動本週跌破 3,000 美元，歸因於地緣政治緊張局勢和監管擔憂。儘管香港批准了以太坊 ETF 現貨，但清算量仍激增超過 8,190 萬美元，其中 ETH 空頭增加了 54%。多頭清算量很大，在 ETF 獲得批准後，圍繞以太坊的討論加劇。

Ethereum Plummets Amidst Turmoil and Liquidation Surge

以太坊在動盪和清算激增中暴跌

Hong Kong's groundbreaking approval of a spot Ethereum Exchange-Traded Fund (ETF) offered a glimmer of hope for the cryptocurrency market, but its impact has been fleeting as Ethereum (ETH) grapples with geopolitical tensions and regulatory concerns.

香港突破性地批准現貨以太坊交易所交易基金（ETF），為加密貨幣市場帶來了一線希望，但隨著以太坊（ETH）應對地緣政治緊張局勢和監管擔憂，其影響轉瞬即逝。

The world's second-largest cryptocurrency by market capitalization has witnessed a precipitous decline in recent days, briefly dipping below the $3,000 mark. This sharp downturn has been largely attributed to a confluence of factors, including escalating tensions between Iran and Israel and growing apprehensions surrounding regulatory developments.

全球市值第二大的加密貨幣近幾天急劇下跌，一度跌破 3,000 美元大關。這種急劇下滑在很大程度上歸因於多種因素的綜合作用，包括伊朗和以色列之間的緊張局勢升級以及對監管發展的擔憂日益加劇。

Investors have exhibited heightened caution across the cryptocurrency landscape, with Bitcoin and other altcoins also experiencing losses. Ethereum, in particular, has witnessed a significant 20% decrease in risk reversals, indicating an elevated level of nervousness among investors.

投資者對加密貨幣領域表現出高度謹慎，比特幣和其他山寨幣也遭受了損失。尤其是以太坊，風險逆轉大幅下降了 20%，顯示投資者的緊張情緒加劇。

Amidst the market turmoil, data from Santiment has revealed a surge in Ethereum liquidations, totaling over $81.9 million within a 24-hour period. A staggering $67.4 million of these liquidations originated from long positions, including a single liquidation valued at $6 million.

在市場動盪的背景下，Santiment 的數據顯示，以太坊清算量激增，24 小時內清算總額超過 8,190 萬美元。這些清算中高達 6,740 萬美元的資金來自多頭頭寸，其中單筆清算價值達 600 萬美元。

The approval of the Hong Kong ETF initially sparked discussions and heightened the visibility of Ethereum, making it the most sought-after token among traders. However, bearish sentiment has persisted, as evidenced by a substantial 54% increase in ETH shorts.

香港ETF的批准最初引發了討論並提高了以太坊的知名度，使其成為交易者中最受追捧的代幣。然而，看跌情緒依然存在，ETH 空頭大幅增加 54% 就證明了這一點。

Despite these recent setbacks, the Ethereum Foundation's proposal to reduce ETH issuance has garnered widespread attention. While the proposal aims to maintain Ethereum's status as a currency and balance governance power within the network, it has faced criticism.

儘管最近遇到了這些挫折，以太坊基金會減少 ETH 發行量的提議還是引起了廣泛關注。雖然該提案旨在維持以太坊作為貨幣的地位並平衡網路內的治理權力，但它遭到了批評。

Furthermore, Glassnode's report has highlighted the increasing popularity of restaking and liquid restaking tokens, which have a significant impact on Ethereum's inflation rate and holders. These tokens, offering highly attractive yields, facilitate a wealth transfer from non-staked ETH holders to their staked counterparts.

此外，Glassnode 的報告強調了重新抵押和流動性重新抵押代幣的日益普及，這對以太坊的通貨膨脹率和持有者產生了重大影響。這些代幣提供極具吸引力的收益率，促進財富從非質押 ETH 持有者轉移到質押持有者。

Consequently, there is a potential shift in the "real yield" within the Ethereum ecosystem, potentially favoring projects that issue derivative tokens.

因此，以太坊生態系統內的「實際收益率」可能會發生變化，可能有利於發行衍生代幣的項目。

Amidst the uncertainty, a recent analysis conducted by Changelly, a prominent cryptocurrency data provider, has provided a glimmer of optimism for Ethereum investors. The analysis predicts that Ethereum could experience a remarkable surge in price following the Bitcoin halving event.

在不確定性中，著名加密貨幣數據提供商 Changelly 最近進行的一項分析為以太坊投資者帶來了一線樂觀情緒。該分析預測，在比特幣減半事件之後，以太坊的價格可能會顯著上漲。

Changelly forecasts that on April 21, 2024, just one day after the halving, Ethereum could reach a price of $3,171.61. This prediction has ignited anticipation among Ethereum investors, who eagerly look forward to the potential for substantial growth.

Changelly 預測，2024 年 4 月 21 日，也就是減半後的第二天，以太坊的價格可能會達到 3,171.61 美元。這項預測引發了以太坊投資者的期待，他們熱切期待其大幅成長的潛力。

Changelly's analysis extends beyond the immediate aftermath of the Bitcoin halving, offering a bullish long-term outlook for Ethereum. By June 2025, Changelly suggests that Ethereum could surpass its previous all-time high and reach an impressive price of $4,964.07. Such a milestone would mark a new record for the cryptocurrency and signal continued growth and potential for further appreciation.

Changelly 的分析超出了比特幣減半後的影響範圍，為以太坊提供了看漲的長期前景。 Changelly 表示，到 2025 年 6 月，以太坊可能會超越先前的歷史高點，達到 4,964.07 美元的令人印象深刻的價格。這樣的里程碑將標誌著加密貨幣的新紀錄，並標誌著持續成長和進一步升值的潛力。

However, Ethereum continues to face challenges in overcoming key resistance levels, particularly the $3,200 mark. The cryptocurrency remains below this significant threshold, along with the 100-hourly Simple Moving Average, indicating persistent bearish pressure.

然而，以太坊在克服關鍵阻力位方面繼續面臨挑戰，特別是 3,200 美元大關。該加密貨幣與 100 小時簡單移動平均線一起仍低於此重要閾值，表明持續的看跌壓力。

Additionally, a notable bearish trend line has formed with resistance at $3,120 on the hourly chart of ETH/USD. Following a brief period of consolidation, Ethereum attempted a minor recovery, briefly exceeding the $3,000 resistance zone.

此外，在 ETH/USD 小時圖上，一條顯著的看跌趨勢線已形成，阻力位為 3,120 美元。經過短暫的盤整後，以太坊嘗試小幅復甦，短暫突破 3,000 美元阻力區。

However, this upward momentum was short-lived as bears reasserted control near the $3,280 resistance zone, resulting in a subsequent downturn. The price retraced below the 23.6% Fibonacci retracement level, underscoring the prevailing bearish sentiment.

然而，這種上漲勢頭是短暫的，因為空頭重新控制了 3,280 美元阻力區，導致隨後的低迷。價格回落至 23.6% 斐波那契回檔位下方，凸顯了普遍的看跌情緒。

Overall, Ethereum finds itself at a critical juncture, grappling with geopolitical tensions, regulatory concerns, and technical resistance levels. While the Hong Kong ETF approval offered a brief respite, its impact has been overshadowed by the broader market turmoil.

總體而言，以太坊發現自己正處於一個關鍵時刻，正在應對地緣政治緊張局勢、監管擔憂和技術阻力水平。雖然香港 ETF 的批准提供了短暫的喘息機會，但其影響已被更廣泛的市場動盪所掩蓋。

Ethereum investors must remain vigilant, closely monitoring geopolitical developments and regulatory updates that could further influence the cryptocurrency's trajectory. Technical analysis suggests that Ethereum faces resistance at key levels, but long-term predictions by Changelly offer a glimmer of hope for a bullish future.

以太坊投資者必須保持警惕，密切關注可能進一步影響加密貨幣趨勢的地緣政治發展和監管更新。技術分析表明，以太坊在關鍵層面面臨阻力，但 Changelly 的長期預測為看漲的未來帶來了一線希望。