以太幣價格展望：網路成長擔憂中的看漲情緒

儘管最近出現波動，但 Coinglass 的數據顯示，以太幣（ETH）投資者仍然看漲，開設了該代幣的多頭部位。這種積極情緒得到了以太坊 MVRV 比率下降的支撐，這表明許多持有者尚未獲利，這可能為價格下跌提供緩衝。然而，網路成長下降和以太坊費用較低表明以太坊價格可能會進一步下跌，儘管流通速度的增加表明流動性持續存在和潛在的價格飆升。截至目前，ETH 交易價格約為 3,200 美元，在過去 24 小時內上漲。

Ethereum Price Outlook: Bullish Sentiment Amidst Network Growth Concerns

以太幣價格展望：網路成長擔憂中的看漲情緒

The cryptocurrency market has been grappling with elevated volatility in recent weeks, with Ethereum (ETH), the second-largest crypto asset by market capitalization, being no exception. This volatility has rendered it challenging to discern Ethereum's trajectory with precision. However, specific metrics offer valuable insights into the potential path of ETH's price once this volatility subsides.

最近幾週，加密貨幣市場一直在應對波動性加劇的問題，市值第二大加密資產以太幣（ETH）也不例外。這種波動性使得精確辨別以太坊的軌跡變得具有挑戰性。然而，一旦這種波動性消退，具體的指標可以為 ETH 價格的潛在走勢提供有價值的見解。

Bullish Investor Sentiment

看漲投資者情緒

Data collated by Coinglass reveals that a significant proportion of Ethereum investors and traders maintain a bullish outlook on the asset despite the recent price fluctuations. Notably, a majority of these traders have persisted in opening long positions on Ethereum, indicating a belief in substantial upward price movements over the long term.

Coinglass 整理的數據顯示，儘管近期價格波動，但相當一部分以太坊投資者和交易者仍對該資產保持看漲前景。值得注意的是，這些交易者中的大多數堅持在以太坊上建立多頭頭寸，這表明他們相信價格長期會大幅上漲。

The bullish sentiment towards Ethereum is exemplified by a trader who, having incurred a loss of $4.5 million while holding a long position on ETH, nevertheless initiated another long position on the asset. This crypto whale even borrowed 17.3 million USDT from the Compound platform to augment their Ethereum exposure.

一位交易員在持有 ETH 多頭頭寸時損失了 450 萬美元，但他又對該資產發起了多頭頭寸，這就是對以太坊看漲情緒的例證。這頭加密鯨魚甚至從Compound平台借了1730萬美元，以擴大他們的以太坊敞口。

The bullish stance of these investors is particularly noteworthy given the disproportionate impact of volatility on long positions. Coinglass data indicates that over $16 million in long positions have been liquidated in the past 24 hours, compared to $10 million in short positions liquidated during the same period.

鑑於波動性對多頭部位的影響不成比例，這些投資人的看漲立場尤其值得注意。 Coinglass 數據顯示，過去 24 小時內清算了超過 1,600 萬美元的多頭頭寸，而同期清算的空頭頭寸為 1,000 萬美元。

Supporting Market Metrics

支持市場指標

Data from market intelligence platform IntoTheBlock corroborates the bullish sentiment, as it shows a decline in Ethereum's Market Value to Realized Value (MVRV) ratio. This indicates that many Ethereum holders are yet to realize profits, suggesting a bullish outlook. These holders are likely to maintain their positions in anticipation of further upward price action, providing support against potential price declines.

市場情報平台 IntoTheBlock 的數據證實了看漲情緒，因為它顯示以太坊的市場價值與已實現價值 (MVRV) 比率下降。這顯示許多以太坊持有者尚未實現利潤，顯示前景看漲。這些持有者可能會因預期價格進一步上漲而維持其頭寸，從而為潛在的價格下跌提供支撐。

Bearish Considerations

看跌考慮因素

While the derivatives market activity and Ethereum's MVRV ratio suggest a positive outlook, the asset's network growth presents grounds for caution, hinting at potential further price declines. Data from Santiment reveals a recent slowdown in the rate of new user onboarding for the Ethereum ecosystem.

雖然衍生性商品市場活動和以太坊的 MVRV 比率表明前景樂觀，但該資產的網路成長值得謹慎，暗示價格可能會進一步下跌。 Santiment 的數據顯示，最近以太坊生態系統的新用戶加入速度有所放緩。

This declining network growth is corroborated by a recent Bitcoinist report, which observed a significant decline in Ethereum fees to levels not seen since January. Typically, soaring fees accompany elevated network activity. Therefore, the decline in fees points to a reduction in the number of new users transacting on the network or holding ETH.

最近的一份 Bitcoinist 報告證實了網路成長的下降，該報告觀察到以太坊費用大幅下降至 1 月以來的最低水準。通常，費用飆升會伴隨著網路活動的增加。因此，費用的下降意味著在網路上進行交易或持有 ETH 的新用戶數量減少。

Balancing Act

平衡技術

However, a positive element is the increase in velocity observed by Santiment, suggesting that existing users on the network are actively trading and adding liquidity to the Ethereum ecosystem. This factor could also contribute to potential price surges for ETH.

然而，一個積極因素是 Santiment 觀察到的速度增加，這表明網路上的現有用戶正在積極進行交易，並為以太坊生態系統增加流動性。這一因素也可能導致 ETH 價格潛在上漲。

At the time of writing, Ethereum is trading at around $3,200, reflecting a modest gain in the past 24 hours, according to CoinMarketCap.

根據 CoinMarketCap 的數據，截至撰寫本文時，以太坊的交易價格約為 3,200 美元，反映出過去 24 小時內的小幅上漲。

Conclusion

結論

The Ethereum price outlook remains a balancing act between bullish investor sentiment and concerns over network growth. While the former suggests a positive trajectory, the latter warrants caution. Once the current volatility subsides, the interplay of these factors will determine the ultimate direction of ETH's price. Investors and traders are advised to monitor the aforementioned metrics closely to discern the future trajectory of this highly influential cryptocurrency.

以太坊價格前景仍然是看漲的投資者情緒和對網路成長的擔憂之間的平衡行為。雖然前者顯示了積極的發展軌跡，但後者值得謹慎對待。一旦目前的波動性消退，這些因素的相互作用將決定 ETH 價格的最終走向。建議投資者和交易者密切監控上述指標，以了解這種極具影響力的加密貨幣的未來軌跡。