TLDR：以太坊（ETH）繼續向下壓力，因為它的交易接近最低水平

以太坊（ETH）是世界第二大加密貨幣，隨著自2023年底以來其最低水平的交易，它繼續面對向下壓力。

Ethereum price hovered near its lowest point since late 2023 on Monday, continuing to face strong selling pressure.

以太坊價格徘徊在周一自2023年底以來的最低點接近其最低點，繼續面臨巨大的銷售壓力。

The digital asset struggled to regain momentum after losing more than 57% of its value since December 2024. It is currently trading at $1,904 below the key $2,000 resistance.

自2024年12月以來，數字資產損失了其價值的57％以上，因此努力恢復勢頭。目前，它的交易價格低於關鍵$ 2,000的抵抗力的1,904美元。

This price point becomes critical for bulls who hope to reverse the extended downtrend.

對於希望扭轉擴展的下降趨勢的公牛來說，這個價格點變得至關重要。

But on-chain data from Balancer unveiled a different story with large investors, commonly known as “whales,” transferring over 130,000 ETH from exchanges in the past week alone.

但是，來自Balancer的鍊鍊數據向大型投資者（通常稱為鯨魚）推出了一個不同的故事，僅在過去一周中，就從交易所轉移了130,000多個ETH。

This behavior usually signals accumulation rather than selling intentions.

這種行為通常表示積累而不是出售意圖。

When whales move their ETH from exchanges to private wallets, they typically plan to hold these coins for the long term. This pattern has been developing since Ethereum began trending downward.

當鯨魚將其ETH從交易所轉移到私人錢包時，他們通常計劃長期持有這些硬幣。自以太坊開始向下趨勢以來，這種模式一直在發展。

Historical data suggests that large whale accumulations often precede significant market rebounds. However, ETH must still overcome major resistance levels before any trend reversal can be confirmed.

歷史數據表明，大量鯨魚的積累通常是在大量市場籃板之前進行的。但是，在確認任何趨勢逆轉之前，ETH仍然必須克服主要的抵抗水平。

The exchange reserve chart shows ETH held on exchanges has declined to multi-year lows, around 18.8 million tokens.

交易儲備圖顯示，ETH在交易所舉行的ETH已降低到多年低點，約有1,880萬個令牌。

This decrease in exchange reserves indicates that more investors are moving their ETH to self-custody or staking solutions. Lower exchange reserves generally mean less ETH is available for immediate selling.

交換儲備中的這種減少表明，越來越多的投資者將其ETH轉移到自我顧客或積分解決方案上。較低的交換儲量通常意味著可以立即銷售的ETH較少。

This supply reduction could potentially support price stability once selling pressure fades.

一旦銷售壓力逐漸消失，這種供應減少可能會支持價格穩定。

Technical analysis of ETH’s daily chart shows the 200-day moving average is around $2,900, indicating strong bearish sentiment as the price is still far from reaching this technical indicator.

ETH每日圖表的技術分析顯示，200天移動平均線約為2,900美元，這表明濃烈的看跌情緒，因為價格還遠遠沒有達到此技術指標。

On the 4-hour chart, ETH has broken out of a descending wedge pattern, which could signal a potential trend reversal if buyers step in with enough strength to push the price higher.

在4小時的圖表上，ETH脫離了下降的楔形模式，如果買家以足夠的力量介入以提高價格，這可能表明潛在的趨勢逆轉。

The Relative Strength Index (RSI) shows oversold conditions on the daily timeframe, suggesting a short-term bounce might occur in the coming days as sellers become exhausted at lower levels.

相對強度指數（RSI）顯示了日常時間表上的過多條件，這表明隨著賣方在較低水平的疲憊狀態，可能會發生短期反彈。

Standard Chartered has recently adjusted its outlook on Ethereum. In a report on Monday, the bank slashed its year-end 2025 price target for ETH from $10,000 to $4,000.

標準包機最近調整了其對以太坊的前景。在周一的一份報告中，該銀行將ETH年底的2025年目標目標從10,000美元降至4,000美元。

Standard Chartered cited structural issues affecting Ethereum’s growth. The bank noted that Layer 2 blockchains, which were designed to improve Ethereum’s scalability, may have unintentionally reduced ETH’s market capitalization.

標準特許引用了影響以太坊增長的結構性問題。該銀行指出，旨在提高以太坊可伸縮性的第2層區塊鏈可能無意間減少了ETH的市值。

For instance, Coinbase’s Layer 2 solution, Base, has reportedly reduced Ethereum’s market cap by approximately $50 billion. Analysts expect this trend to continue unless the Ethereum Foundation makes proactive changes to its commercial direction.

例如，據報導，Coinbase的第2層解決方案已將以太坊的市值減少了約500億美元。分析師希望這種趨勢將繼續，除非以太坊基金會對其商業方向進行主動更改。

While Standard Chartered still expects ETH to recover from current levels, they predict it will continue to underperform compared to Bitcoin (BTC). The bank forecasts the ETH/BTC ratio to decline to 0.015 by the end of 2027, reaching its lowest level since 2017.

儘管Chartered Charter仍然期望ETH從當前水平中恢復，但他們預計與比特幣（BTC）相比，它的表現將繼續不足。該銀行預測，到2027年底，ETH/BTC的比率下降到0.015，達到了自2017年以來的最低水平。

For a bullish outlook on Ethereum to be realized, bulls must quickly reclaim the $2,000 level. A sustained move above this resistance could set the stage for a rally toward higher levels, potentially testing the $2,200-$2,400 range in the upcoming weeks.

為了實現對以太坊的看法，公牛必須迅速恢復2,000美元的水平。超過這種阻力的持續移動可能會使集會朝著更高的水平奠定基礎，並可能在接下來的幾週內測試2,200-2,400美元的範圍。

However, if ETH loses current support levels, the next major liquidity zone lies around $1,600. A breakdown below $1,750 might trigger further selloffs, extending the bearish phase and delaying any signs of recovery.

但是，如果ETH失去當前支持水平，下一個主要的流動性區約為1,600美元。低於$ 1,750的故障可能會觸發進一步的拋售，擴大看跌階段並延遲任何恢復跡象。