隨著 ETF 預期和技術面的一致，以太幣有望迎來潛在反彈

隨著加密貨幣社群預計推出現貨 ETH 交易所交易基金 (ETF)，第二大加密貨幣以太坊 (ETH) 有望出現上漲。 ETH 目前交易價格為 3,182.81 美元，在過去 24 小時內略有下跌，但在過去一周錄得令人鼓舞的 4.53% 漲幅。

Ethereum Poised for Potential Rally Amidst ETF Anticipation and Technical Indications

以太幣在 ETF 預期和技術指標中有望迎來潛在反彈

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential rally as the cryptocurrency community eagerly awaits the imminent launch of spot ETH exchange-traded funds (ETFs). The anticipated catalyst, coupled with favorable technical indicators, suggests a promising outlook for ETH's price movement.

隨著加密貨幣社群熱切等待即將推出的現貨 ETH 交易所交易基金 (ETF)，按市值計算的第二大加密貨幣以太坊 (ETH) 正顯示出潛在反彈的跡象。預期的催化劑，加上有利的技術指標，顯示 ETH 價格走勢的前景樂觀。

Hong Kong ETF Approval Fuels Optimism

香港ETF核准激發樂觀情緒

The recent approval of spot Bitcoin and Ethereum ETF applications in Hong Kong has sparked a wave of optimism within the cryptocurrency market. With the deadline for one of the spot ETH ETF applications approaching on May 23, investors anticipate a significant catalyst that could propel ETH's recovery. The potential approval of these ETFs would provide greater access to ETH for institutional and retail investors, further legitimizing the asset class.

近期比特幣和以太坊ETF現貨申請在香港獲得批准，在加密貨幣市場引發了一波樂觀情緒。隨著 5 月 23 日 ETH ETF 現貨申請截止日期的臨近，投資者預計將出現一個重要的催化劑，推動 ETH 的復甦。這些 ETF 的潛在批准將為機構和散戶投資者提供更多獲得 ETH 的機會，進一步使該資產類別合法化。

Technical Analysis Points to Upside Potential

技術分析指出上漲潛力

From a technical perspective, Ethereum has been trading within a descending ranging channel on the weekly chart. However, the current weekly candlestick is bullish, indicating a resurgence of buying pressure. The Relative Strength Index (RSI), a momentum indicator, is currently at 59, suggesting a recent buying spree and potential for further upside movements.

從技術角度來看，以太坊一直在周線圖上的下降區間內交易。然而，目前的周燭圖看漲，顯示買盤壓力重新抬頭。動量指標相對強弱指數 (RSI) 目前處於 59 點，顯示近期出現買盤熱潮以及進一步上漲的潛力。

On the daily chart, ETH is testing the broken-down support at the $3,190 zone. A decisive break above this resistance level could trigger a rally towards the descending trendline and potentially fill a fair value gap left during the recent bear run. The daily RSI, at 46, indicates ample room for a buying spree before reaching the overbought region.

日線圖上，ETH 正在測試 3,190 美元區域的下破支撐位。果斷突破此阻力位可能引發向下降趨勢線的反彈，並可能填補近期熊市期間留下的公允價值缺口。每日 RSI 為 46，顯示在達到超買區域之前還有充足的瘋狂買盤空間。

On-Chain Metrics Offer Encouraging Signs

鏈上指標提供了令人鼓舞的跡象

Despite the recent price dip, on-chain metrics provide some encouraging signs for bulls. The 90-day mean coin age, a measure of the average age of coins held by users, has been steadily increasing since March 27th. This suggests a network-wide accumulation of ETH, indicating a long-term bullish sentiment.

儘管最近價格下跌，但鏈上指標為多頭提供了一些令人鼓舞的跡象。 90天平均幣齡是衡量用戶持有幣的平均年齡的指標，自3月27日以來一直在穩步增長。這表明 ETH 正在全網積累，表明長期看漲情緒。

Additionally, the 30-day MVRV (Market Value to Realized Value) ratio, which measures the profitability of ETH holders, has been negative for nearly a month. This suggests that holders are currently at a loss, presenting a potential buying opportunity.

此外，衡量 ETH 持有者盈利能力的 30 天 MVRV（市值與已實現價值）比率已連續近一個月為負值。這表明持有者目前處於虧損狀態，提供了潛在的買入機會。

Network Growth and Sentiment Lag

網路成長和情緒滯後

While the technical indicators and on-chain metrics paint a positive picture, user adoption and sentiment have fallen alongside prices. The weighted social sentiment has been predominantly negative since mid-March. An uptick in the network growth metric, which measures the number of new addresses joining the Ethereum network, would be a sign of growing demand and could precede an uptrend in price.

儘管技術指標和鏈上指標描繪了正面的景象，但用戶採用率和情緒卻隨著價格的下降而下降。自3月中旬以來，加權社會情緒主要為負面。網路成長指標（衡量加入以太坊網路的新地址數量）的上升將是需求成長的跡象，並且可能先於價格上漲趨勢。

Resistance and Support Levels

阻力位和支撐位

For the ETH rally to gain momentum, it needs to overcome the immediate resistance level at $3,300. A break above this level would increase confidence among swing traders and investors, fueling further gains. Support levels below the current price remain at $3,000 and $2,900, which could provide a safety net if the rally falters.

為了讓 ETH 反彈獲得動力，它需要克服 3,300 美元的直接阻力位。突破該水準將增強波段交易者和投資者的信心，推動進一步上漲。目前價格下方的支撐位仍為 3,000 美元和 2,900 美元，如果反彈動搖，這可能會提供安全網。

Conclusion

結論

Ethereum's price action exhibits a confluence of positive factors that suggest a potential rally in the near future. The anticipation surrounding the spot ETF launch, favorable technical indicators, and encouraging on-chain metrics all contribute to a bullish outlook. However, investors should remain cautious of potential headwinds, such as the decline in user adoption and sentiment, and monitor price movements closely.

以太坊的價格走勢展現了一系列積極因素的綜合作用，表明在不久的將來可能會出現上漲。圍繞現貨 ETF 推出的預期、有利的技術指標以及令人鼓舞的鏈上指標都有助於看漲前景。然而，投資者應對潛在的不利因素保持謹慎，例如用戶採用率和情緒下降，並密切關注價格走勢。