Ether（ETH）价格可能会在进行持续恢复之前先进行更深入的更正

本文不包含投资建议或建议。每个投资和贸易举动都涉及风险，读者应进行自己的研究

Ether (ETH) slid below the crucial $1,500 support level as its most recent sell-off saw a deeper correction.

Ether（ETH）滑低于至关重要的1,500美元的支持水平，因为其最近的抛售更加更深层次。

According to crypto analyst theKriptolik, ETH price dropped below its realized price, which is a bearish event.

根据加密分析师Thekriptolik的说法，ETH价格下跌以下是其实现的价格，这是一个看跌事件。

Most analysts suggest that the realized price, which is calculated by adjusting the market value of a cryptocurrency based on the price at which each coin last moved, acts as resistance when it’s above the spot price and places “most holders suddenly in a loss position.”

大多数分析师认为，实现的价格是通过基于每个硬币上次移动的价格调整加密货币的市场价值来计算的，当它超过现货价格并将“大多数持有人突然处于损失位置”时，它就会充当阻力。

Onchain analysis: Is ETH price at risk of deeper correction?

OnChain分析：ETH价格是否有更深的更正风险？

The realized price fell below the spot price in June 2022, which was followed by a 51% drop in ETH price following the Terra Luna market crash. A similar scenario was witnessed in November 2022, when the metric fell below the price before Ether dropped 35% following the FTX collapse.

实现的价格低于2022年6月的现货价格，随后，在Terra Luna市场崩溃之后，ETH价格下跌了51％。在2022年11月，当时指标在FTX崩溃后降低了35％之前，在2022年11月也见证了类似的情况。

Now that a similar scenario is playing out, the current setup loosely echoes those prior bearish continuation phases, with ETH price at risk of deeper correction.

既然类似的情况正在播放，目前的设置松散地回荡了那些前去的延续阶段，ETH价格面临着更深层的校正风险。

Despite May gains, lack of institutional demand in Ether ETFs is concerning

尽管有可能增加，但以太ETF缺乏机构需求

According to data from digital assets management firm Farside Investors, there were no inflows into any crypto products in the week ending April 7, with investors pulling funds from both equities and bonds.

根据数字资产管理公司Farside Investors的数据，截至4月7日的一周中，任何加密产品都没有流入，投资者从股票和债券中汲取了资金。

This follows a week of moderate inflows, mainly driven by institutional demand for Bitcoin (BTC) and Ether.

这是一周中等的流入，主要是由对比特币（BTC）和以太的机构需求驱动的。

However, despite the narrative that institutional demand played a role in the gains accrued in May 2024 as investors bet on an ETF approval from the US Securities and Exchange Commission, this lack of interest in the products is concerning.

然而，尽管有叙述是机构需求在2024年5月的收益中发挥了作用，因为投资者押注了美国证券交易委员会的ETF批准，但对产品的缺乏兴趣是令人担忧的。

According to the report fromlium, this is also reflected across all other Ether products, with flows into Ethereum investment funds aligning with the bearishness seen across the market, with $37.4 million outflows recorded during the week ending April 4.

根据fromlium的报告，这也反映在所有其他以太产品中，流入以太坊投资基金与全市看到的看跌相一致，截至4月4日的一周中记录了3740万美元的流出。

This is in direct contrast to the inflows of $100 million seen the previous week, which were the highest since December 2021 and followed the approval of several spot Bitcoin ETFs by the SEC.

这与上周看到的1亿美元的流入直接形成鲜明对比，这是自2021年12月以来最高的，遵循SEC的几个位比特币ETF的批准。

According to the report, the outflows from digital assets investment products paused this week after seven consecutive weeks of outflows.

根据该报告，经过连续七个星期的流出后，本周数字资产投资产品的流出暂停。

Other market weakness: Low open interest and negative funding rates

其他市场弱点：开放利息低和负面资金率

Another factor putting pressure on Ether’s price is the lack of enthusiasm in its derivatives market, evidenced by low open interest and negative funding rates.

向以太价格施加压力的另一个因素是其衍生品市场缺乏热情，这证明了开放利息低和负面的资金率。

Open interest (OI)—the total number of outstanding futures and options contracts—remains low, indicating reduced trader participation and speculative activity.

开放兴趣（OI）（未偿还期货和期权合约的总数）较低，表明交易者参与和投机活动减少。

Currently, at $16.7 billion, the metric is 48% below its peak of $32.3 billion witnessed on Jan. 24.

目前，该度量标准在1月24日被见证了323亿美元的峰值48％。

Declining OI signals waning investor confidence or interest, which can exacerbate the price decline as buying pressure dries up.

OI的下降信号会逐渐减弱投资者的信心或利息，这可能会加剧价格下降，因为购买压力会降低。

This lack of interest is also reflected in the lack of demand for spot Ethereum ETFs, which saw more outflows on April 8, with over $3.3 million in net outflows from these products.

这种缺乏兴趣也反映在缺乏对现场以太坊ETF的需求，后者在4月8日出现了更多的流出，这些产品的净流出超过330万美元。

Over the last two weeks, these investment products have recorded $94.1 million in outflows against $13 million in inflows.

在过去的两个星期中，这些投资产品的流出量为9,410万美元，而流入为1300万美元。

According to the report fromlium, this is also reflected across all other Ether products, with flows into Ethereum investment funds aligning with the bearishness seen across the market, with $37.4 million outflows recorded during the week ending April 4.

根据fromlium的报告，这也反映在所有其他以太产品中，流入以太坊投资基金与全市看到的看跌相一致，截至4月4日的一周中记录了3740万美元的流出。

This is in direct contrast to the inflows of $100 million seen the previous week, which were the highest since December 2021 and followed the approval of several spot Bitcoin ETFs by the SEC.

这与上周看到的1亿美元的流入直接形成鲜明对比，这是自2021年12月以来最高的，遵循SEC的几个位比特币ETF的批准。

According to the report, the outflows from digital assets investment products paused this week after seven consecutive weeks of outflows.

根据该报告，经过连续七个星期的流出后，本周数字资产投资产品的流出暂停。

Point of interest: Despite the broader market weakness, inflows into cryptocurrencies continues.

兴趣点：尽管市场疲软较大，但仍在流入加密货币。

According to the report, the outflows from digital assets investment products paused this week after seven consecutive weeks of outflows.

根据该报告，经过连续七个星期的流出后，本周数字资产投资产品的流出暂停。

However, inflows into cryptocurrencies continues, with $244 million in inflows into cryptocurrency exchange-traded funds (ETFs) and other exchange-traded products (ETPEs) over the past week.

但是，在过去一周中，流入加密货币的流入仍在继续，流入了2.44亿美元的加密货币交易所资金（ETF）和其他交易所交易贸易产品（ETPE）。

This is in contrast to the outflows of $171 million seen the previous week.

这与上周的1.71亿美元流出相反。

According to the report, the inflows into cryptocurrencies were driven by retail demand, as institutional demand remains weak.

根据该报告，由于机构需求仍然很弱，因此进入加密货币的流入是由零售需求驱动的。

According to the report, the lack of institutional demand is a concern, especially since it was considered a key part of Ether’s appeal and played a role in the gains accrued in May 2024 as investors bet on an ETF approval from the US Securities and Exchange Commission.

根据该报告，缺乏机构需求是一个问题，尤其是因为它被认为是Ether上诉的关键部分，并在2024年5月的收益中发挥了作用，因为投资者押注了美国证券交易委员会的ETF批准。

However, despite the narrative that institutional demand played a role in the gains accrued in May 2024 as investors bet on an ETF approval from the US Securities and Exchange Commission, this lack of interest in the products is concerning.

然而，尽管有叙述是机构需求在2024年5月的收益中发挥了作用，因为投资者押注了美国证券交易委员会的ETF批准，但对产品的缺乏兴趣是令人担忧的。

According to the report

根据报告