比特币（BTC）的资金率下降到负面的领土，看涨以太坊（ETH）的逆转（ETH）

由于第一步优势，比特币（BTC）在为整个加密市场的偏见方面起着关键作用。

Due to its first-mover advantage, Bitcoin (BTC) plays a pivotal role in setting the bias for the entire crypto market. While BTC is influenced by macroeconomic policies and liquidity cycles, let’s explore if Bitcoin’s funding rate will help in predicting the next Ethereum price move.

由于其第一步优势，比特币（BTC）在为整个加密货币市场的偏见方面发挥了关键作用。尽管BTC受宏观经济政策和流动性周期的影响，但让我们探讨比特币的资金率是否有助于预测下一个以太坊价格转移。

Bitcoin is the largest cryptocurrency by market capitalization. It stands tall at $1.68 trillion, while Ethereum (ETH), the second largest crypto’s market cap is $226 billion. Due to capital flows, the correlation of altcoins, including Ethereum, with Bitcoin is high. Due to this, a sudden crash or rally in BTC is reflected by the crypto market as well.

通过市值，比特币是最大的加密货币。它的身高为1.68万亿美元，而以太坊（ETH）的第二大加密货币上限为2260亿美元。由于资本流动，包括以太坊在内的山寨币与比特币的相关性很高。因此，加密货币市场也反映了BTC中突然的崩溃或集会。

Why Bitcoin’s Funding Rate Matters to Ethereum Price?

为什么比特币的资金率对以太坊价格很重要？

Funding rate is a concept developed to maintain the price of perpetuals with the spot price of the underlying asset. If the funding rate of Bitcoin is high, it suggests that it is expensive to long, i.e., longs pay shorts and vice versa. Often this is a sell signal. Since this metric will determine the directional bias for BTC, it can be used to determine how other altcoins, including Ethereum (ETH) will react.

资金率是一个概念，旨在维持永久性的价格，并以基础资产的现货价格保持。如果比特币的融资率很高，则表明它的长距离是昂贵的，即，朗人支付短裤，反之亦然。通常这是一个卖出信号。由于该度量标准将确定BTC的定向偏差，因此可以使用它来确定包括以太坊（ETH）在内的其他高度币将如何反应。

According to on-chain analyst Axel Adler Jr., the average funding rate of Bitcoin on Binance, ByBit, OKX, and Deribit has dropped into the negative territory. This is a bullish signal that has previously resulted in bullish reversal.

根据链分析师Axel Adler Jr.的说法，BITANCE，BYBIT，OKX和DERIBIT的比特币的平均筹资率已降至负地区。这是一个看涨的信号，以前导致看涨逆转。

Adler adds that despite this bullish sign, “poor macroeconomic indicators” are “blocking” Bitcoin and Ethereum prices from rallying.

阿德勒（Adler）补充说，尽管看涨了这个迹象，但“宏观经济指标差”正在“阻止”比特币和以太坊价格集会。

“The corporate sector is actively buying coins, spot market selling pressure is minimal, experienced investors have stopped selling, LTH have returned to accumulation, and several on-chain metrics indicate a normalization of market conditions after the overheating phase.”

“公司部门正在积极购买硬币，现货市场销售压力很小，经验丰富的投资者停止销售，LTH恢复了积累，几个链量指标表明过热阶段过热后市场状况的正常化。”

If it weren’t for the macroeconomic conditions, ETH’s value could have pushed higher with Bitcoin price. Furthermore, positive signals from the Fed and the Trump administration has also paved the way for renewed “inflow of cash via ETFs, potentially triggering the start of a new rally”, says Adler.

如果不是宏观经济条件，那么ETH的价值可能会随着比特币价格提高。此外，美联储和特朗普政府的积极信号还为“通过ETF进行现金流入，有可能触发新集会的开始铺平了道路”，阿德勒说。

Ethereum Price Analysis

以太坊价格分析

Analyst Michaël van de Poppe explained that an Ethereum price rally is possible if the ETHBTC ratio flips from 0.03 to a support level.

分析师Michaëlvan de Poppe解释说，如果EthBTC比率从0.03转移到支持水平，则可以进行以太坊价格集会。

“The only thing $ETH needs to do is to bottom out here. And that’s a very, very hard task.”

“ $ ETH需要做的唯一要做的就是在这里底部。这是一项非常非常艰巨的任务。”

On the other hand, there is a massive bullish divergence developing between Ethereum price and Relative Strength Index (RSI) since July 2024.

另一方面，自2024年7月以来，以太坊价格和相对强度指数（RSI）之间存在巨大的看涨差异。

A bullish divergence is when the price produces lower high and RSI produces a higher lows. This non-conformity is indicates that momentum is rising while price is not reflecting it, which suggests a bounce is likely.

看涨的分歧是价格较低，而RSI产生较高的低点。这种不合格表明动量正在上升，而价格没有反映出它，这表明可能反弹。

If the RSI divergence plays out, investors can expect Ethereum price prediction to forecast a massive rally. The short-term target would be $3,000. Beyond this, $4,000 and $5,000 are good psychological levels to watch.

如果RSI差异发挥作用，投资者可以预期以太坊的价格预测将预测大规模集会。短期目标是3,000美元。除此之外，$ 4,000和5,000美元是值得关注的良好心理水平。

Frequently Asked Questions (FAQs)

常见问题（常见问题解答）

1. Why is Bitcoin's funding rate important for Ethereum price?

1。为什么比特币的资金利率对以太坊价格很重要？

The funding rate is a key factor that influences the directional bias of Bitcoin, which in turn affects other altcoins due to capital flows and correlations. A high funding rate usually indicates that it's expensive to hold a leveraged long position, which can act as a sell signal.

资金率是影响比特币方向性偏差的关键因素，这反过来会影响资本流和相关性引起的其他山寨币。高资金率通常表明持有杠杆率的长位置很昂贵，这可以充当卖出信号。

2. What does the current funding rate of Bitcoin indicate?

2。当前比特币的融资率表明什么？

The average funding rate across major exchanges has dropped into negative territory, a bullish signal that has previously resulted in a reversal of the trend. However, despite this, macroeconomic conditions are preventing Bitcoin and Ethereum from rallying.

主要交易所的平均筹资率已降至负地区，这是看涨的信号，以前导致趋势逆转。然而，尽管如此，宏观经济条件仍阻止比特币和以太坊集会。

3. What is the short-term target for Ethereum price if the RSI divergence plays out?

3。如果RSI Divergence发挥作用，以太坊价格的短期目标是多少？

If the Relative Strength Index (RSI) divergence plays out, we can expect to see a short-term price target of $3,000 for Ethereum. This would be a significant rally from the current levels.

如果相对强度指数（RSI）差异效果，我们可以期望以太坊的短期目标目标为3,000美元。这将是当前水平的重要集会。