以太坊的價格正在發動，但一些基本信號表明看漲逆轉。

在加密貨幣交流上的ETH供應確實達到了前所未有的水平。根據加密專家的說法，這可能會改變一切。

The price of Ethereum (ETH) has been wavering, but some fundamental signals indicate a bullish reversal. The supply of ETH on cryptocurrency exchanges has indeed reached an unprecedented level. According to crypto experts, this could change everything.

以太坊（ETH）的價格一直在發動，但一些基本信號表明看漲逆轉。在加密貨幣交流上的ETH供應確實達到了前所未有的水平。根據加密專家的說法，這可能會改變一切。

The supply of Ethereum is melting away: towards an inevitable bullish shock?

以太坊的供應正在融化：不可避免的看漲衝擊？

On March 20, the analysis platform Santiment revealed a key figure: the supply of Ether available on crypto exchanges has fallen to 8.97 million ETH. This is the lowest level recorded since November 2015. Specifically, this represents a drop of 16.4% compared to the end of January balances. This massive movement reveals a long-term accumulation strategy by crypto investors. They could be betting on the resilience of the Ethereum blockchain network.

3月20日，分析平台santiment揭示了一個關鍵數字：加密交易所可用的以太供應量已降至897萬ETH。這是自2015年11月以來記錄的最低水平。具體而言，與1月底相比，這是16.4％的下降。這一巨大的運動揭示了加密投資者的長期積累策略。他們可能會押注以太坊區塊鍊網絡的彈性。

Referred to as “supply shock”, this phenomenon describes a situation where the scarcity of a digital asset creates upward pressure if demand remains steady. According to Santiment, Ethereum holders are even withdrawing their tokens from crypto exchanges faster than ever. A similar configuration preceded a surge in the bitcoin price in early 2024.

這種現像被稱為“供應衝擊”，描述了一個情況，即如果需求保持穩定，數字資產的稀缺性會產生向上的壓力。根據Santiment的說法，以太坊持有人甚至比以往任何時候都更快地從加密貨幣交換中撤回其令牌。在2024年初的比特幣價格上漲之前，類似的配置。

greater interest in ether despite the price drop

儘管價格下降，但對以太的興趣更大

Despite a 26% drop, Ethereum still attracts large holders. Over the last 30 days, to be precise, ETH has lost 26% of its value. This crypto asset is now trading around $1,971.

儘管下降了26％，但以太坊仍然吸引了大型持有人。確切地說，在過去的30天中，ETH損失了其價值的26％。該加密資產現在的交易約為1,971美元。

According to data from Farside, ETH ETFs have recorded 12 consecutive days of outflows. This represents a total of $370.6 million. This trend reflects a temporary loss of confidence among some institutional investors.

根據Farside的數據，ETH ETF連續記錄了12天的流出。這代表總計3.706億美元。這種趨勢反映了一些機構投資者之間的信心暫時喪失。

On the side of traders and crypto whales, the tone is quite different. According to some analysts, buyers will soon be in competition, leading to bidding wars. Others go further by estimating that the value of Ethereum could reach between $8,000 and $10,000. This represents a 64% increase compared to its ATH of 2021.

在交易者和加密鯨方面，音調大不相同。據一些分析師稱，買家很快就會參加比賽，導致競標戰爭。其他人則估計以太坊的價值可能達到8,000至10,000美元之間。與2021年的ATH相比，這增加了64％。

However, not everyone shares this optimism. Daan Crypto Trades points out, for example, that ETH is at its lowest against BTC in five years. According to him, a return to highs seems unlikely in the short term.

但是，並不是每個人都分享這種樂觀。 Daan Crypto交易指出，例如，ETH在五年內對BTC處於最低狀態。據他說，在短期內，回到高點似乎不太可能。

Between accumulation, potential supply shock, and declining liquidity, Ethereum could very well surprise to the upside. The market remains, however, volatile. Thus, caution is advised for any crypto investor, especially in light of the collapse of on-chain activity threatening Ethereum.

在積累，潛在的供應衝擊和流動性下降之間，以太坊可能會使上升空間感到驚訝。但是，市場仍然是動蕩的。因此，建議任何加密投資者謹慎行事，尤其是鑑於威脅到以太坊的鏈活動的崩潰。

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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals! )

我叫Ariela，我今年31歲。我已經在網絡寫作領域工作了7年。幾年前，我才發現交易和加密貨幣，但這是一個引起我極大興趣的宇宙。平台上涵蓋的主題使我能夠了解更多。在業餘時間的一名歌手，我還培養了對音樂和閱讀（以及動物！）的極大熱情