以太坊ETF的粗糙斑塊

最近幾週，以太坊市場面臨著越來越大的壓力

The Ethereum (CRYPTO: ETH) market has faced mounting pressure in recent weeks, with its spot exchange-traded funds (ETFs) reporting a historic losing streak. Over the past 12 consecutive trading days, Ethereum ETFs have collectively shed $370 million in assets. This marks the longest period of outflows since these funds first began trading.

以太坊（Crypto：ETH）市場最近幾週面臨著越來越大的壓力，其現貨交換資金（ETF）報告了歷史性的損失。在過去的12個交易日中，以太坊ETF共同籌集了3.7億美元的資產。這是自這些基金首次開始交易以來的最長流出時期。

As the selling pressure intensifies, analysts are debating whether the world’s second-largest cryptocurrency can recover or if further downside is imminent. This article delves into the recent Ethereum ETF outflows, the broader market conditions, and potential catalysts for a turnaround.

隨著銷售壓力的加劇，分析師正在辯論世界上第二大加密貨幣是否可以恢復，或者是否進一步降低了下降。本文深入研究了最近的以太坊ETF流出，更廣泛的市場狀況以及周轉的潛在催化劑。

Prolonged Selling Pressure On Ethereum ETFs

延長以太坊ETF的銷售壓力

The outflows from Ethereum ETFs have been led by two major funds:

以太坊ETF的流出由兩個主要基金領導：

* The ETC Group's Physical Ethereum, which is listed on the Deutsche Boerse exchange, reported outflows of $254 million.

*在德意志布爾斯交易所（Deutsche Boerse Exchange）上列出的ETC集團的物理以太坊報告說，流出了2.54億美元。

* The iShares Trust Preferred ETF (NYSE:IVR)’, which trades on the New York Stock Exchange, reported outflows of $116 million.

*在紐約證券交易所進行交易的Ishares Trust Preferred ETF（NYSE：IVR）'報告說，流出量為1.16億美元。

These funds, among the largest institutional vehicles for Ethereum investment, have been hit particularly hard by the current market downturn. The combined outflows from these two ETFs alone account for more than 68% of the total $370 million withdrawn from Ethereum ETFs in recent weeks.

這些資金是以太坊投資最大的機構工具之一，當前的市場低迷尤其受到了嚴重打擊。僅此兩種ETF的總流出量佔最近幾週從以太坊ETF中撤回的總計3.7億美元的68％以上。

Investors have been quickly pulling capital out of the Ethereum-based products, reflecting broader concerns about the cryptocurrency's speed, efficiency, and scalability relative to newer blockchain networks.

投資者一直在迅速將資本從基於以太坊的產品中撤出，這反映了對加密貨幣的速度，效率和可擴展性相對於新的區塊鍊網絡的廣泛擔憂。

This is not just an isolated event with Ethereum—many crypto and risk-on assets have suffered declines in the face of macroeconomic uncertainties. A combination of inflation concerns, Federal Reserve policies, and slowing economic growth has prompted investors to reduce exposure to volatile assets, including cryptocurrencies.

這不僅是與以太坊的孤立事件，而且面對宏觀經濟的不確定性，許多加密和風險支出資產遭受了下降。通貨膨脹問題，美聯儲政策和經濟增長放緩的結合促使投資者減少對包括加密貨幣在內的揮發性資產的敞口。

What's Next For Ethereum?

以太坊的下一步是什麼？

Several factors could contribute to a recovery in the coming months:

在接下來的幾個月中，有幾個因素可能導致恢復：

1. Institutional Adoption And Staking Growth

1。機構採用和積累增長

Despite ETF outflows, Ethereum remains a preferred blockchain for decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise applications. Increased institutional interest in Ethereum staking could provide long-term price support.

儘管ETF流出了，但以太坊仍然是分散融資（DEFI），無牙代幣（NFTS）和企業應用的首選區塊鏈。以太坊積分中的機構興趣增加可以提供長期的價格支持。

Ethereum's proof-of-stake (PoS) mechanism offers investors an opportunity to earn rewards through staking, making it an attractive long-term investment. As Ethereum's staking participation grows, it could help stabilize the network and create upward price pressure.

以太坊的驗證證明（POS）機制為投資者提供了通過Staking獲得獎勵的機會，使其成為有吸引力的長期投資。隨著以太坊的積分參與的增長，它可以幫助穩定網絡並產生向上的價格壓力。

2. Layer 2 Scaling Solutions Could Reduce Fees

2。第2層縮放解決方案可以減少費用

The Ethereum network has been actively working on Layer 2 scaling solutions such as Arbitrum (NYSE:ARTR), Optimism, and zk-Rollups. These technologies aim to improve Ethereum's transaction speed and reduce fees, making it more competitive with faster blockchain networks.

以太坊網絡一直在第2層縮放解決方案（例如仲裁（NYSE：ARTR），樂觀主義和ZK滾動）上積極工作。這些技術旨在提高以太坊的交易速度並降低費用，從而使其與更快的區塊鍊網絡更具競爭力。

As adoption of these Layer 2 solutions increases, Ethereum could regain its competitive advantage and attract new users and investors.

隨著這些第2層解決方案的採用增加，以太坊可以恢復其競爭優勢並吸引新的用戶和投資者。

3. Potential Ethereum ETF Approval In The U.S.

3。在美國潛在的以太坊ETF批准

The approval of a Spot Ethereum ETF in the U.S. could be a game-changer. While the recent outflows are concerning, the launch of a fully regulated Ethereum ETF on major U.S. exchanges could unlock significant institutional capital.

在美國，現場以太坊ETF的批准可能是改變遊戲規則的人。儘管最近的流出令人擔憂，但對美國主要交易所進行了完全監管的以太坊ETF的推出可能會釋放大量的機構資本。

If the U.S. Securities and Exchange Commission (SEC) approves an Ethereum ETF, it could drive demand similar to what was observed with Bitcoin (CRYPTO: BTC) ETFs, which saw a surge in inflows following regulatory approval.

如果美國證券交易委員會（SEC）批准了以太坊ETF，則可以推動與比特幣（Crypto：BTC）ETF所觀察到的需求，後者在監管批准後的流入率激增。

4. Broader Crypto Market Recovery

4。更廣泛的加密市場恢復

Finally, Ethereum's fate is closely tied to Bitcoin and the broader cryptocurrency market. If Bitcoin recovers and leads a new bull run, Ethereum is likely to follow.

最後，以太坊的命運與比特幣和更廣泛的加密貨幣市場緊密相關。如果比特幣恢復並帶領新的公牛奔跑，那麼以太坊可能會隨之而來。

Historically, Bitcoin's rallies have provided upward momentum for altcoins, including Ethereum. Moreover, a shift in macroeconomic policies, such as interest rate cuts by the Federal Reserve, could drive renewed investor interest in cryptocurrencies.

從歷史上看，比特幣的集會為包括以太坊在內的Altcoins提供了向上的勢頭。此外，宏觀經濟政策的轉變，例如美聯儲降低的利率，可能會引起重新投資者對加密貨幣的興趣。

Ethereum: Technical Outlook And Key Levels

以太坊：技術前景和關鍵水平

Support Levels:

支持水平：

* Fibonacci support: The price action could find support at the 50% Fibonacci retracement level of $1,816.86.

*斐波那契支持：價格行動可以在50％的斐波那契回回頭水平上找到1,816.86美元的支持。

* Round psychological level: The next support level to consider is the round psychological price point of $1,900.

*圓形心理水平：要考慮的下一個支持水平是$ 1,900的圓形心理價格點。

Resistance Levels:

電阻水平：

* Fibonacci resistance: The 61.8% Fibonacci retracement level, currently at $2,080.8, might act as resistance.

*斐波那契抵抗：61.8％的斐波那契回回率目前為2,080.8美元，可能是電阻。

* Previous support level: The recent support level of $2,200 could transform into resistance if the price fails to break above it.

*先前的支持水平：如果價格未能超過其，最近2200美元的支持水平可能會變成阻力。

Relative Strength Index (RSI): The RSI is currently in neutral territory, indicating that the asset is neither overbought nor oversold. However, the Moving Average Convergence Divergence (MACD) indicator suggests that bearish momentum remains strong in the short term.

相對強度指數（RSI）：RSI目前處於中性領土，表明資產既不是過分買賣的，也不是超賣的。但是，移動平均收斂差異（MACD）指標表明，短期內看跌動量仍然很強。

Conclusion: What's Next For Ethereum And Its ETFs?

結論：以太坊及其ETF的下一步是什麼？

In conclusion, Ethereum is currently navigating one of its longest losing streaks in the ETF market, with outflows exceeding $370 million over 12 trading days. The combination of ETF redemptions, price declines, and macroeconomic challenges

總之，以太坊目前正在ETF市場中導航其最長的連勝紀錄之一，在12個交易日中，外流超過3.7億美元。 ETF贖回，價格下降和宏觀經濟挑戰的結合