一個量子已經揭示了以太坊（ETH）在這個指標上如何看待死亡十字架。

在一個加密的Quicktake帖子中，一位分析師分享了以太坊資金率的圖表。

A quant has revealed how Ethereum (ETH) saw a death cross in this indicator shortly before bearish momentum took the asset in full force.

一個量子已經揭示了以太坊（ETH）如何在看跌勢頭全力以赴之前不久就看到了這個指標中的死亡十字。

Ethereum Formed A Death Cross In Funding Rates Earlier

以太坊較早地形成了一個死亡十字架

In a CryptoQuant Quicktake post, an analyst has shared a chart for the Funding Rates of Ethereum. The “Funding Rates” refers to a metric that keeps track of the amount of periodic fee that traders on the derivatives market are exchanging with each other now.

在一個加密的Quicktake帖子中，一位分析師分享了以太坊資金率的圖表。 “資金率”是指一個指標，該指標可以跟踪衍生品市場上交易者現在彼此交換的周期性費用。

When the value of this indicator is positive, it means the long contract holders are paying a premium to the short investors in order to hold onto their positions. Such a trend suggests a bullish sentiment is shared by the majority of the derivatives traders.

當該指標的價值為正時，這意味著長合同持有人正在向短投資者支付溢價，以保持其職位。這樣的趨勢表明，大多數衍生品交易者都分享了看漲的情緒。

On the other hand, the metric being under the zero mark implies a bearish mentality is dominant in the sector, as short holders are overwhelming the long ones.

另一方面，在零商標之下的度量意味著看跌的心態在該行業中占主導地位，因為短持有人壓倒了長長的心態。

Now, here is the chart for the Ethereum Funding Rates posted by the quant, which shows the trend in the 50-day and 200-day simple moving averages (SMAs) of the indicator over the last couple of years:

現在，這是量化量發布的以太坊資金率的圖表，該圖顯示了過去幾年中指標的50天和200天簡單移動平均（SMA）的趨勢：

As displayed in the above graph, the 50-day SMA of the Ethereum Funding Rates crossed under the 200-day SMA in January of this year. This suggests that the optimism in the market witnessed a shift.

如上圖所示，以太坊資金率的50天SMA在今年1月的200天SMA下越過。這表明市場上的樂觀情緒見證了轉變。

From the graph, it’s visible that since the crossover in the two SMAs of the indicator emerged, the ETH price has been sharply moving down. The trend isn’t unique to the asset, as the wider cryptocurrency sector has also seen a similar pattern, with investors becoming risk-averse.

從圖表中可以看出，自從指標的兩個SMA中出現了交叉，ETH價格就已經急劇下降。由於更廣泛的加密貨幣部門也看到了類似的模式，因此投資者變得規避風險，因此這種趨勢並不是資產的獨特之處。

In the first half of last year, the Funding Rates observed the same type of crossover, and then, the Ethereum price followed up with a period of bearish action.

在去年上半年，資金率觀察到了相同類型的跨界車，然後以太坊價格隨之而來。

It wasn’t until the reverse crossover happened, with the 50-day SMA finding a break above the 200-day SMA, that bullish momentum returned in the cryptocurrency market. The same pattern was also seen back in 2023.

直到相反的跨界發生時，50天的SMA發現了超過200天的SMA的突破，看漲的動力在加密貨幣市場中恢復了。在2023年也可以看到相同的模式。

It’s possible that for constructive price action to return for Ethereum and other assets, a bullish crossover in the Funding Rates may once again have to take place. “When the speculators return and start using their greedy leverage, the crypto bull market will begin,” notes the analyst.

建設性的價格行動可能會返回以太坊和其他資產，資金率的看漲跨界可能再次發生。分析師指出：“當投機者返回並開始使用貪婪的槓桿作用時，加密牛市將開始。”

When this would happen, however, is anyone’s guess, as the 50-day and 200-day SMAs of the indicator are currently quite far apart. In 2024, the lines took many months before they crossed back, so it’s possible that it will take some time for the crossover to occur now as well.

但是，當這種情況發生時，任何人都可以猜測，因為指標的50天和200天SMA目前相距很遠。在2024年，線路花了數月的時間才能越過，因此現在也可能需要一些時間才能發生。

ETH Price

ETH價格

Ethereum is moving to end the month of March on a red note as its price has seen a decline of 14% over the past week, rendering a return of 36% year-to-date. At the time of writing, trades for ETH are at $1,804.

以太坊（Ethereum）正在以紅色鈔票的身份移動到3月的結束，因為其價格在過去一周中下降了14％，從而使36％的回報年至今。在寫作時，ETH的交易為1,804美元。