以太坊十字路口

以太坊站在十字路口，面对看跌力的汇合，威胁到其向上的轨迹。

In the volatile theater of cryptocurrency, where fortunes are won and lost with the swiftness of digital transactions, Ethereum (ETH) is currently facing a tempest of bearish sentiment. A confluence of factors, including significant sell-offs by the U.S. government, institutional investors, and a wave of panicked retail traders, has cast a long shadow over the once-promising asset. The numbers tell a bleak tale: a 5.75% drop in the last 24 hours alone, with the ominous prospect of further declines looming large.

在加密货币的挥发性剧院中，由于数字交易的迅速而赢得了命运和损失，以太坊（ETH）目前正面临着看跌的暴风雨。各种因素汇合处，包括美国政府的重大抛售，机构投资者以及一波惊慌的零售商人，对曾经有兴起的资产产生了悠久的阴影。这个数字讲述了一个黯淡的故事：仅在过去的24小时内，下降了5.75％，而不祥的前景进一步下降了大大。

The recent flurry of selling activity, highlighted by the U.S. government’s disposal of 884.33 ETH, valued at $1.77 million, has triggered a domino effect, shaking the foundations of investor confidence. This action, coupled with the broader market’s bearish trends and the formation of lower lows on shorter time frames, shatters the historical patterns that once provided a safety net for Ethereum, leaving investors bracing for a potential freefall.

最近，美国政府处置了884.33 ETH的销售活动，价值177万美元，引发了多米诺骨牌效应，震撼了投资者信心的基础。这一行动，再加上更广泛的市场的看跌趋势以及较短的时间范围内的低点的形成，破坏了曾经为以太坊提供安全网的历史模式，使投资者为潜在的自由落体提供了支持。

The U.S. government, a significant holder of Ethereum with a balance of 59,965 ETH, is usually a bellwether for market sentiment. Their recent sale, a substantial chunk of their holdings, has sent shockwaves through the crypto community. The timing of this sell-off is particularly concerning, as it coincides with an already declining market.

美国政府是以太坊的重要持有人，其余额为59,965 ETH，通常是市场情绪的领先地位。他们最近的销售是他们的大部分股份，通过加密货币社区造成了冲击波。这种抛售的时机尤其令人担忧，因为它与已经下降的市场相吻合。

To fully grasp the gravity of this situation, it’s crucial to examine the U.S. government’s past Ethereum sales and their subsequent impact on the market. Historically, these sales have occurred during periods of market downturn, often preceding a bounce back from key support levels. However, the current scenario deviates significantly from this pattern.

为了完全掌握这种情况的重力，至关重要的是要检查美国政府过去的以太坊销售及其随后对市场的影响。从历史上看，这些销售发生在市场低迷时期，通常是从关键支持水平反弹之前。但是，当前的情况与这种模式显着偏离。

On three previous occasions—August 5, October 1, and October 24—the U.S. government sold 299.95, 74.5, and 177.89 ETH, respectively. Each time, the asset experienced a decline, only to rally from the critical support level of $2,348.43. This level acted as a bulwark, preventing further losses and triggering a resurgence.

在以前的三场比赛中（10月1日和10月24日），美国政府分别出售了299.95、74.5和177.89 ETH。每次，资产都会下降，仅从$ 2,348.43的关键支持水平升起。该水平充当堡垒，阻止了进一步的损失并引发复兴。

However, Ethereum is now trading below this crucial support level, a clear indication that the historical safety net has been compromised. The formation of a series of lower lows suggests a persistent downward trend, and with the risk of further declines looming large, investors are bracing for a potential freefall.

但是，以太坊现在的交易低于此关键支持水平，这清楚地表明历史安全网已受到损害。一系列低点的形成表明持续的向下趋势，并且随着进一步下降的大幅度下降的风险，投资者正在为潜在的自由落体做好准备。

If the selling pressure continues unabated, Ethereum risks plummeting below the $1,754 mark. This level represents a critical threshold; a failure to bounce back from this point could trigger a cascade of losses, potentially leading to a significant market correction.

如果销售压力持续不断，以太坊的风险跌至1,754美元以下。该级别代表着一个关键的阈值；从这一点上不反弹可能会引发一系列损失，这可能会导致重大的市场纠正。

Furthermore, AMBCrypto's analysis reveals that the current market trend is characterized by a sustained decline. Retail sentiment, a crucial indicator of market direction, has plummeted to a year-low, reaching levels typically seen during periods of extreme market pessimism.

此外，Ambcrypto的分析表明，当前市场趋势的特征是持续下降。零售情绪是市场方向的关键指标，已跌至一年低下，达到了极端市场悲观时期通常可以看到的水平。

This decline in retail sentiment is corroborated by Google Trends data, which shows a significant drop in search interest for Ethereum. This metric, often used as a proxy for retail investor engagement, suggests a widespread disinterest and a potential exodus from the asset.

Google趋势数据证实了零售情绪的下降，这表明以太坊的搜索兴趣下降了。该指标通常用作零售投资者参与的代理，这表明对资产的普遍不感兴趣和潜在的出埃及记。

The U.S. government’s actions have also ignited a wave of panic among retail investors, who are now aggressively offloading their Ethereum holdings. The Coinbase Premium Index, a tool that tracks this behavior, confirms this trend.

美国政府的行动还引起了散户投资者的恐慌，他们现在正在积极地卸载其以太坊持有量。 Coinbase Premium指数是一种跟踪这种行为的工具，确认了这一趋势。

The index, which turns negative when retail investors are net sellers, has dipped into negative territory for the first time since March 23. This reading, which reached -0.0016 at press time, indicates a growing sense of unease among retail traders, who are increasingly opting to sell rather than hold onto their Ethereum assets.

该指数在3月23日以来首次浸入了负面的领土时，该指数在销售时首次浸入了负面。该阅读在发稿时达到-0.0016，这表明零售交易者之间越来越多的不安感，他们越来越多地选择卖出而不是卖给他们的以太坊资产。

This retail panic could be attributed to several factors, including the broader market downturn, macroeconomic uncertainties, and the U.S. government’s actions. As retail investors become more panicked and sell their assets, they could be putting further downward pressure on Ethereum’s price.

这种零售恐慌可以归因于几个因素，包括更广泛的市场低迷，宏观经济的不确定性和美国政府的行动。随着散户投资者变得越来越恐慌并出售其资产，他们可能会对以太坊的价格施加进一步的下降压力。

In addition to the retail selling pressure, institutional investors appear to be exiting their Ethereum positions. According to Collective Mind's data, institutions, who hold approximately $8.83 billion worth of Ethereum in assets under management, have been selling since the beginning of March.

除零售销售压力外，机构投资者似乎正在退出以太坊的头寸。根据Collective Mind的数据，自3月初以来，该机构在管理资产中持有约88.3亿美元的以太坊的资产。

So far, they have sold a staggering $402.6 million worth of Ethereum between March 3 and the present day. This exodus of institutional capital, driven by a lack of confidence in Ethereum’s short-term prospects, is further contributing to the asset’s downward trajectory.

到目前为止，他们在3月3日至今天之间已经出售了价值4.026亿美元的以太坊。由于对以太坊的短期前景缺乏信心的驱动，机构资本的这种出现进一步促进了资产的下降轨迹。

If institutions continue selling, the next price target could be $1,754, as indicated by the charts. However, if this selling pressure lessens, we might see a bounce at the Fib 0.618 level, currently at $2,008.

如果机构继续销售，则下一个目标目标可能为1,754美元，如图表所示。但是，如果这种销售压力降低，我们可能会看到FIB 0.618水平的反弹，目前为2,008美元。

Overall, the confluence of selling pressure from government entities, retail

总体而言，政府实体，零售业的销售压力汇合