Tron創始人賈斯汀·孫（Justin Sun）問加密社區，以太坊發生了什麼事

特隆（Tron）創始人賈斯汀·孫

Justin Sun, the founder of cryptocurrency Tron, took to social media on Monday to ask the crypto community what is happening to Ethereum, as liquidations hit $2.1 billion in the last two weeks.

加密貨幣TRON的創始人賈斯汀·孫（Justin Sun）週一去社交媒體詢問了加密貨幣社區，以太坊發生了什麼事，因為過去兩週的清算率達到了21億美元。

As the network struggles with high-leverage trading issues, Sun highlighted how any losses would be passed on to decentralized finance protocols operating on the blockchain.

隨著網絡與高槓桿交易問題的鬥爭，Sun強調瞭如何將任何損失傳遞給在區塊鏈上運行的分散財務協議。

However, a glance at the broader market trends shows that while crypto liquidations have been significant, they are not entirely unexpected given the strong rally in 2024.

但是，瀏覽更廣泛的市場趨勢表明，儘管加密貨幣清算量很大，但考慮到2024年強烈的集會，它們並不是完全出乎意料的。

What is happening to Ethereum?

以太坊發生了什麼？

As of Thursday's early Asian trading session, ETH was valued at $1,880, a 51.63% decline over the past three months, when it clocked $3,888 during the December bull run.

截至週四舉行的亞洲交易會，ETH的價值為1,880美元，在過去三個月中下降了51.63％，而在12月的公牛運行期間的時鐘為3,888美元。

Bears have driven the crypto down 30.6% in the last 30 days and nearly 18% in the past week, according to CoinGecko.

據Coingecko稱，在過去30天中，熊將加密貨幣降低了30.6％，在過去一周中降低了近18％。

After Sun asked about what is happening to ETH, one crypto trader replied that the network has struggled to sustain meaningful transaction growth since its 2017 peak.

在Sun詢問ETH發生了什麼事後，一位加密貨幣交易員回答說，自2017年高峰以來，該網絡一直在努力維持有意義的交易增長。

Moreover, the trader, who is also the founder of artificial intelligence crypto finance system PostFiat, Alexander, added that it also failed to become deflationary when transitioning from a proof-of-work (PoW) to a proof-of-stake (PoS) model.

此外，這位交易者也是人工智能加密財務系統的創始人亞歷山大補充說，當從工作證明（POW）過渡到銷售證明（POS）模型時，它也未能成為放氣。

He also noted that the most actively used parts of the blockchain, such as Arbitrum (ARB) and Base, are either highly inflationary or centralized.

他還指出，區塊鏈中最積極使用的部分，例如仲裁（ARB）和基礎，是高充值或集中式的。

"So begs the question…. What is the point of the chain to which the answer is: the same thing as every other blockchain. To move tether about and to ‘store value’ Pretty depressing tbh.”

“所以提出問題……。答案是什麼是什麼：與其他區塊鏈相同。要移動束縛並'商店價值''''''''''''''''''。

Earlier this month, CryptoQuant CEO Ki Young Ju shared a chart that showed the record selling pressure on Ethereum over the past three months.

本月初，CryptoQuant首席執行官Ki Young Ju分享了一張圖表，顯示了過去三個月對以太坊的唱片銷售壓力。

On-chain data revealed that $1.8 billion worth of ETH exited exchanges last week, the largest outflows since December 2022.

鏈上的數據顯示，上週價值18億美元的ETH退出交易所，這是自2022年12月以來最大的外流。

According to the chart, the last time ETH had a 30-day positive moving average was on February 26, when Bitcoin’s price was stumbling towards $82,000. The coin’s 24-hour Coinbase premium index has also been trending in the red for the past seven days, spelling weakening buying pressures from US traders.

根據圖表的數據，ETH上一次在2月26日的平均值為30天，當時比特幣的價格跌至82,000美元。在過去的7天中，硬幣的24小時Coinbase Premium指數也一直在紅色中流行，拼寫為美國貿易商的購買壓力減弱。

Ethereum’s trading volume has plummeted by 38.17% to $36.82 billion, and open interest (OI) in futures has also dropped by 2.61% to $18.05 billion, suggesting there are more traders exiting positions than opening new ones.

以太坊的交易量下降了38.17％，達到368.2億美元，期貨的開放利息（OI）也下降了2.61％，至180.5億美元，這表明，退出職位的交易者比開設新職位更多。

CryptoQuant data also shows that options volume has declined by 7.43% to $663.71 million, but options open interest is up 2.17% to $5.77 billion, showing there is a rising demand for longer-term derivatives positions as traders wait to see where ETH’s price will go.

加密數據還表明，期權量的量下降了7.43％，至6.637億美元，但期權開放利息上升了2.17％，至57.7億美元，這表明，隨著交易者等待查看ETH的價格將在哪裡轉移，人們對長期衍生品職位的需求不斷上升。

Will Ethereum recover?

以太坊會恢復嗎？

Ethereum’s price action as of now looks largely bearish; bulls are slowly ceding control to market bears, dragging the crypto’s price further down. In the past 24 hours, ETH futures liquidations reached $43.12 million, according to CoinGlass.

到目前為止，以太坊的價格動作看上去很少。公牛慢慢地將控制權割讓給市場熊，將加密貨幣的價格進一步降低。根據Coinglass的數據，在過去的24小時內，ETH Futures清算量達到4,312萬美元。

Of this total, $26.94 million were long liquidations, while $16.18 million came from shorts, indicating a market lacking clear direction.

在這一總數中，有2694萬美元的清算時間為2694萬美元，而1618萬美元來自短褲，這表明市場缺乏明確的方向。

Analysts have outlined two possible scenarios for Ethereum’s next move. A bearish breakdown could see ETH fall below the $1,440 threshold, potentially triggering further declines toward the $1,000 mark. On the other hand, a recovery above resistance levels near $1,960 could help the coin garner some positive momentum, with a possible push toward $2,200.

分析師概述了以太坊的下一步行動的兩個可能的方案。看跌的崩潰可能會使ETH降至1,440美元的門檻以下，這可能會觸發$ 1,000的進一步下降。另一方面，超過1,960美元的電阻水平的恢復可以幫助硬幣獲得一些積極的動力，並可能推向2200美元。

Technical indicators like the Relative Strength Index (RSI) at 32.1 and Stochastic Oscillator (Stoch) at 25.1 are nearing oversold territory, adding to the bearish momentum. A failure to hold above the $1,750 psychological support zone may increase selling pressure, while a daily close below $1,700 could invalidate any consolidation attempts, accelerating the downward trend.

諸如32.1處的相對強度指數（RSI）和25.1處的隨機振盪器（Stoch）之類的技術指標正接近超售區域，增加了看跌勢頭。未能超過1,750美元的心理支持區可能會增加銷售壓力，而每天關閉1,700美元的銷售壓力可能會使任何合併嘗試無效，從而加速了下降趨勢。

One trader on social media has spotted a historical ETH 3-year Stochastic RSI trend, which dictates that oversold levels preceded the start of an upward price rally.

一位社交媒體上的一位交易者發現了一個歷史性的ETH 3年隨機RSI趨勢，該趨勢決定了在上升價格集會開始之前的超賣水平。

HISTORIC ETH SIGNAL TRIGGERED!

觸發了歷史性的ETH信號！

Ethereum’s 3-year Stochastic RSI hits oversold levels.

以太坊的3年隨機RSI達到了超售水平。

Every time this happened, a massive rally followed! pic.twitter.com/XZdtIw5OL7

每次發生這種情況時，都會發生大規模的集會！ pic.twitter.com/xzdtiw5ol7

— Ben (Crypto Ben) (@CryptoBen_) March 14, 2024

- Ben（crypto ben）（@cryptoben_）2024年3月14日

Still, the prediction was dismissed by

儘管如此，該預測仍被