尽管看跌价格动作，以太坊鲸鱼仍在悄悄地积累硬币

尽管看跌价格动作和摇摇欲坠的市场前景，以太坊仍在悄悄地发现其回到加密鲸的手中。

Despite bearish price action and a shaky market outlook, Ethereum is quietly finding its way back into the hands of crypto whales.

尽管看跌价格动作和摇摇欲坠的市场前景，以太坊仍在悄悄地发现其回到加密鲸的手中。

While prices are slipping and technical indicators point to a downward trend, major wallets have been quietly scooping up ETH in large amounts – a move that has analysts asking: what do they know that we don’Đồng năng lượng mặt trờit?

虽然价格下跌，而且技术指标表明了下降趋势，但主要钱包一直在悄悄地挖出ETH，这一举动有分析师问：他们知道我们不知道我们don'ồngnnglượnglượnglượngmặttrờIT吗？

On-chain data provider Lookonchain highlighted several large ETH withdrawals from exchanges. An address linked to Metalpha moved nearly 29,000 ETH (approx. $48.7M) from Binance since April 1. Separately, over 46,500 ETH left Gate.io via one wallet since mid-February, and another withdrew over 10,000 ETH from Bybit.

链上数据提供商LookOnchain突出了几个从交流中进行的大型ETH退出。自4月1日以来，与Metalpha相关的地址从Binance转移了近29,000 ETH（约4870万美元）。自2月中旬以来，通过一个钱包，超过46,500左Gate.io左Gate.io，另一个从Bybit撤回了10,000多个ETH。

One likely reason is the upcoming Pectra upgrade, a network update slated for rollout by May 2025. According to Ethereum researcher Justin Drake, Pectra will double the network’s “blob space,” increasing efficiency and significantly boosting Ethereum’s burn rate.

可能的原因之一是即将到来的Pectra升级，这是一个网络更新，该网络更新计划在2025年5月之前推出。根据以太坊研究员贾斯汀·德雷克（Justin Drake）的说法，Pectra将使网络的“ BLOB空间”增加一倍，从而提高效率并显着提高以太坊的燃烧率。

An increased burn rate could revive ETH’s deflationary narrative, historically linked to price growth. Pectra may counteract economic shifts from the Deneb (Dencun) upgrade, which boosted ETH supply while lowering gas fees.

燃烧率提高可以使ETH的通缩叙事恢复，历史上与价格增长有关。 Pectra可能会抵消Deneb（Dencun）升级的经济转变，该升级促进了ETH供应，同时降低了汽油费。

Too many coins in circulation and not enough usage led to a glut that dragged down price action. Pectra, on the other hand, could rebalance that by increasing demand and reducing supply – a classic setup for a rally.

循环中的硬币太多而用法不足，导致了拖延价格动作的豪华。另一方面，Pectra可以重新平衡，通过增加需求和减少供应，这是集会的经典设置。

Ethereum Price Analysis

以太坊价格分析

The price of Ethereum hasn’t shown much change recently and remains in a downtrend that began in December. So far, price movements have mostly followed corrective patterns—both the recent rallies and pullbacks have formed in three-wave structures, which usually indicate a lack of clear trend direction.

以太坊的价格最近没有显示出太大的变化，并且仍处于12月开始的下降趋势。到目前为止，价格变动主要遵循纠正措施 - 两波结构的集会和回调都形成了，这通常表明缺乏明确的趋势方向。

At the moment, Ethereum is trading sideways between the $1,580 support level and the $1,687 resistance level.

目前，以太坊正在侧面交易1,580美元的支持水平和1,687美元的电阻水平。

A break above $1,618 could be an early sign that a low has formed and that a new rally may be starting. If that happens, the next possible target would be around $1,925. Until then, the market remains uncertain, and there’s no strong signal that a trend reversal is underway.

超过$ 1,618的休息可能是一个低点形成的早期迹象，并且可能会开始新的集会。如果发生这种情况，下一个可能的目标将约为1,925美元。在此之前，市场仍然不确定，并且没有强烈的信号表明趋势逆转正在进行中。