經過艱難的一年，以太坊準備爆炸

到目前為止，以太坊經歷了艱難的一年。在上週，硬幣一直在失去立場，使一般的負面趨勢更加複雜

The year 2024 has begun slowly for crypto traders, with most tokens, including Bitcoin and Ethereum, gradually losing value over the last week. This continues a general negative trend since December, when most digital assets reached their recent highs.

2024年開始為加密貨幣交易員慢慢開始，其中包括比特幣和以太坊在內的大多數令牌在上週逐漸失去價值。自12月以來，大多數數字資產都達到了他們最近的高點以來，這持續了一般的負面趨勢。

However, the latest technical indicators suggest that Ethereum (ETH) is at an important crossroads, with signs of significant upside.

但是，最新的技術指標表明，以太坊（ETH）處於重要的十字路口，並帶有明顯的上行跡象。

On Wednesday, February 26, ETH traded at $2,426, quite below its recent $4,000 high in December. Like the rest of the crypto market, Ethereum has been trending down slowly.

2月26日，星期三，ETH的交易價格為2,426美元，遠低於其最近12月的4,000美元高價。像加密市場的其餘部分一樣，以太坊一直在緩慢下降。

Still, over the past week, the token has repeatedly defended the $2,400 price point, which indicates strong support at that level. At the same time, there are signs that a significant reversal could be coming.

儘管如此，在過去的一周中，令牌一再捍衛了2,400美元的價格點，這表明在該水平上有很大的支持。同時，有跡象表明可能會發生重大的逆轉。

For one, ETH is approaching a bullish segment of its four-year cycle. Both in 2017 and 2021, the coin peaked significantly, reaching its all-time high (ATH), which took four years to surpass. At the same time, the Stochastic RSI indicator mirrored these trends and is currently oversold.

首先，ETH正在接近其四年周期的看漲部分。在2017年和2021年，硬幣都達到了巨大的峰值，達到了歷史最高（ATH），這花費了四年的時間。同時，隨機RSI指標反映了這些趨勢，目前已超賣。

If these trends hold, Ethereum is set for a sharp move up, surpassing its November 2021 ATH of $4,891. The token could go even higher, thanks to the potential for a short squeeze. Notably, if Ethereum reaches $3,000, over $2 billion in short positions would face liquidations, pushing the token even higher.

如果這些趨勢成立，以太坊將急劇上升，超過其2021年11月的ATH，$ 4,891。由於短暫擠壓的潛力，令牌可能會更高。值得注意的是，如果以太坊達到3,000美元，則超過20億美元的短職位將面臨清算，將令牌提高到更高。

Ethereum’s growing acceptance among major financial institutions is the fundamental case for a sharp rise. So far, Bitcoin and Ethereum are the only cryptos with significant institutional involvement. Notably, the Grayscale Ethereum Trust ETF manages $3.217 billion in Ethereum for institutions.

以太坊在主要金融機構中的接受程度日益增長是急劇上升的基本案例。到目前為止，比特幣和以太坊是唯一具有重要機構參與的加密貨幣。值得注意的是，灰度以太坊信託ETF為機構管理以太坊的32.17億美元。

One of these investors is Michigan’s state pension fund, which invested over $10 million in ETH. Still, Ethereum’s institutional backers also introduce new risks, such as exposure to global market volatility. For this reason, reactions to potential trade wars and interest rate policy can lead to rapid sell-offs.

這些投資者之一是密歇根州的國家養老基金，該基金向ETH投資了超過1000萬美元。儘管如此，以太坊的機構支持者還是引入了新的風險，例如暴露於全球市場的波動。因此，對潛在貿易戰和利率政策的反應可能導致迅速拋售。

Currently, the breakeven point for large ETH holders is at $2,199, which signals strong support. However, if the price falls below that level, this could trigger significant liquidations, causing Ethereum to fall to its next support at $1,800.

目前，大型ETH持有人的收支平衡點為2,199美元，這標誌著強烈的支持。但是，如果價格低於該水平，這可能會引發大量清算，從而導致以太坊以1,800美元的價格跌至其下一個支持。