链上数据显示，最近有大量以太坊交流，这可能是ETH的价格看涨的

链上的数据显示，交易所上的以太坊供应最近下降了急剧下降，这可能是对ETH的价格看涨的。

On-chain data shows the Ethereum Supply on Exchanges has seen a sharp decline recently, something that could be bullish for ETH’s price.

链上的数据显示，交易所上的以太坊供应最近下降了急剧下降，这可能是对ETH的价格看涨的。

The Ethereum Supply On Exchanges Hits 10-Year Low

交流的以太坊供应命中10年低点

According to data from the on-chain analytics firm Santiment, the ETH Supply on Exchanges has fallen to its lowest point in almost 10 years. The “Supply on Exchanges” indicator measures the total amount of Ethereum that’s currently sitting in the wallets of all centralized exchanges.

根据《链分析公司》的数据，交流的ETH供应量已降至近10年来的最低点。 “交流供应”指标衡量了目前位于所有集中交易所钱包中的以太坊总量。

When the value of this metric observes an increase, it means the investors are depositing a net number of tokens of the asset into these platforms. One of the main reasons why traders transfer to exchanges is for selling-related purposes, and this kind of trend can have a bearish impact on the ETH price.

当该指标的价值观察到增加时，这意味着投资者正在将资产的净数量存入这些平台中。交易者转移到交易所的主要原因之一是出于销售相关的目的，这种趋势可能会对ETH价格产生看跌的影响。

On the other hand, the indicator going down suggests a net amount of the asset’s supply is leaving the exchanges. Such a trend may be a sign that the investors are accumulating, which can naturally prove to be bullish for the coin.

另一方面，下降的指标表明资产供应量的净额正在离开交易所。这样的趋势可能表明投资者正在积累，这自然可以证明对硬币是看好的。

Now, here is the chart shared by the analytics firm that shows the trend in the Ethereum Supply on Exchanges over the past year:

现在，这是分析公司共享的图表，该图显示了过去一年以太坊供应的趋势：

As displayed in the above graph, the Ethereum Supply on Exchanges has seen a massive drawdown recently, implying the investors have made a large amount of net withdrawals.

如上图所示，交易所上的以太坊供应最近发现了大量的缩水，这意味着投资者已经进行了大量净撤离。

Compared to seven weeks ago, there is now 16.4% less ETH on exchanges. This sharp change has taken the indicator’s value to the lowest level since 2015, nearly a decade ago.

与七个星期前相比，交易所的ETH现在少了16.4％。大约十年前，这种急剧变化将指标的价值提高到了2015年以来的最低水平。

From the chart, it’s apparent that the timing of this latest withdrawal spree has coincided with a plunge in the cryptocurrency’s price. The same graph also shows the data related to the Bitcoin Supply on Exchanges and it would seem that, even though the number one digital asset has seen a decline of its own, the metric has still only continued to move sideways.

从图表来看，很明显，最新的戒断狂潮的时机与加密货币的价格相吻合。同一张图还显示了与交易所中比特币供应有关的数据，看来，即使排名第一的数字资产自身下降，该指标仍然只是继续向侧面移动。

It’s possible that this is a sign the whales are making a stronger push to buy the dip for Ethereum, as compared to Bitcoin. However, the more likely explanation may lie in the rich ecosystem of DeFi and staking services that ETH hosts, which may be where this supply is heading off to in this period of market cooldown.

与比特币相比，鲸鱼可能会更强大地推动以太坊的倾角，这可能是一个更强大的推动力。但是，更有可能的解释可能在于ETH托管的丰富生态系统和ETH托管服务的富裕生态系统，这可能是该供应在这一市场冷却时期所在的地方。

While Ethereum appears positive from an on-chain perspective, the same isn’t true for technical analysis. As analyst Ali Martinez has explained in an X post, the zoomed-out ETH chart may contain a grim picture for the asset.

从链的角度来看，以太坊似乎是积极的，但技术分析并非如此。正如分析师阿里·马丁内斯（Ali Martinez）在X帖子中解释的那样，缩放的ETH图表可能包含资产严峻的图片。

As is visible in the chart, Ethereum has seemingly been consolidating inside a parallel channel for a while now. Recently, the asset has been on the way down and as the analyst has marked in the chart, a move to the lower level of the channel may be brewing for the coin.

正如图表中可见的那样，以太坊似乎已经在平行通道内巩固了一段时间。最近，资产一直在下降，正如分析师在图表中所标记的那样，转移到频道的较低级别可能正在酿造硬币。

ETH Price

ETH价格

At the time of writing, Ethereum is trading at around $1,960, down more than 3% over the last seven days.

在写作时，以太坊的交易价格约为1,960美元，在过去的七天中下降了3％以上。