以太幣價格下跌：看漲馬拉松中的暫時減速

MDIA 和 MCA 指標表明，以太坊（ETH）仍低於其週期頂部，並且具有更大的上漲潛力。儘管最近價格下跌，長期持有者仍然對 ETH 的看漲未來充滿信心，低流通速度以及不斷上升的 MDIA 和 MCA 值就表明了這一點。顯示潛在買入機會的 MVRV 比率也支持這一觀點，表明與先前的牛市週期相比，ETH 目前被低估。

Ethereum's Price Drop: A Temporary Setback in a Bullish Long-Term Trend

以太幣價格下跌：看漲長期趨勢中的暫時挫折

Despite the recent decline in Ethereum's [ETH] price from its all-time high of $4,200 to $3,445, industry analysts and long-term market participants remain optimistic about the cryptocurrency's future prospects.

儘管以太坊 [ETH] 價格最近從歷史高點 4,200 美元下跌至 3,445 美元，但行業分析師和長期市場參與者仍然對加密貨幣的未來前景持樂觀態度。

Velocity Analysis Indicates Long-Term Holding

速度分析顯示長期持有

According to an analysis conducted by AMBCrypto, Ethereum's velocity, which measures the rate at which coins are circulating in the crypto economy, has declined significantly. This suggests that long-term holders of ETH are not selling their holdings, which has prevented a more severe price drop.

根據 AMBCrypto 進行的分析，以太坊的流通速度（衡量代幣在加密經濟中流通的速度）已大幅下降。這表明 ETH 的長期持有者並沒有出售其持有的資產，這阻止了價格更嚴重的下跌。

Mean Coin Age and Mean Dollar Invested Age Point to Accumulation

平均代幣年齡和平均美元投資年齡指向積累

Two other metrics, the Mean Coin Age (MCA) and the Mean Dollar Invested Age (MDIA), provide further support for the bullish outlook. The MCA, which represents the average purchase age of ETH, has been increasing recently, indicating that investors are holding the cryptocurrency for longer periods. The MDIA, which represents the average investment into ETH at any given time, has also increased, suggesting that accumulation is occurring at current price levels.

另外兩個指標，平均代幣年齡（MCA）和平均美元投資年齡（MDIA），為看漲前景提供了進一步支持。代表 ETH 平均購買年齡的 MCA 最近一直在增長，顯示投資者持有加密貨幣的時間更長。 MDIA（代表任何特定時間對 ETH 的平均投資）也有所增加，顯示當前物價水準正在發生累積。

Historically Positive Signals

歷史上的正面訊號

Historically, when the MCA and MDIA have both increased, it has been a reliable indicator that Ethereum's price has not yet reached its peak. This suggests that the recent price drop may present a buying opportunity for investors who believe in the long-term growth potential of ETH.

從歷史上看，當MCA和MDIA雙雙上漲時，它一直是以太幣價格尚未達到頂峰的可靠指標。這表明最近的價格下跌可能為相信 ETH 長期成長潛力的投資者提供了買入機會。

Market Value to Realized Value Ratio Supports Accumulation

市場價值與已實現價值的比率支持積累

The Market Value to Realized Value (MVRV) ratio, which measures whether a cryptocurrency is undervalued, overvalued, or fairly valued, currently stands at -1.573%. This indicates that investors who sell their ETH now would incur an average loss of 1.573%. Historically, such a low MVRV ratio has been associated with accumulation opportunities, as it suggests that the cryptocurrency is still significantly below its potential value.

衡量加密貨幣是否被低估、高估或合理估值的市值與已實現價值 (MVRV) 比率目前為 -1.573%。這意味著現在出售 ETH 的投資者將平均損失 1.573%。從歷史上看，如此低的 MVRV 比率與累積機會有關，因為它表明加密貨幣仍遠低於其潛在價值。

Historical Reference and Future Potential

歷史借鑒與未來潛力

In previous bull cycles, ETH has typically reached price peaks with an MVRV ratio well over 40%. This suggests that the current MVRV ratio of -1.573% indicates that ETH has not yet reached its full potential in the current cycle. If historical patterns hold, ETH could potentially reach five figures before the bull market concludes.

在先前的多頭週期中，ETH 通常會達到價格峰值，MVRV 比率遠超 40%。這表明當前 MVRV 比率為-1.573%，表明 ETH 在當前週期中尚未充分發揮其潛力。如果歷史模式成立，ETH 可能會在牛市結束前達到五位數。

Conclusion

結論

While the recent price decline in Ethereum may have caused some short-term uncertainty, the analysis of key metrics such as velocity, MCA, MDIA, and MVRV ratio suggests that the cryptocurrency remains in a bullish long-term trend. Long-term holders are holding their ETH, accumulation is occurring at current price levels, and the MVRV ratio indicates significant potential for future growth. Therefore, investors who believe in the long-term value proposition of Ethereum may consider the recent price dip as a buying opportunity.

雖然以太坊最近的價格下跌可能造成了一些短期不確定性，但對速度、MCA、MDIA 和 MVRV 比率等關鍵指標的分析表明，加密貨幣仍處於看漲的長期趨勢。長期持有者持有 ETH，以當前價格水平進行積累，MVRV 比率表明未來成長潛力巨大。因此，相信以太坊長期價值主張的投資者可能會將近期的價格下跌視為買入機會。