以太坊[ETH]公牛和熊在3.5万美元的抵抗区打架

以太坊[ETH]面临$ 3.5K电阻区的拒绝。最近几天，市场范围的恐慌促使以太坊下跌38％至2,125美元

Ethereum [ETH] price dropped below $3k on 31 January, after facing strong resistance at the $3.5k level. The market-wide panic in recent days spurred a 38% drop to $2,125 for ETH before a price bounce to $2,921 occurred a few hours after the drop.

以太坊（ETH）的价格在1月31日跌至3,000美元以下，此前该价格在3.5万美元的水平上面临强大的阻力。最近几天，市场范围内的恐慌促使ETH下降了38％至2,125美元，然后在价格下降到2,921美元之前发生了几个小时。

The quick drop wiped out a large amount of Open Interest (OI) as the entire market saw liquidations that could be between $8 billion to $10 billion. ETH OI was near the mid-November levels after the recent wipe out. Unfortunately for the holders, the price was considerably lower, roughly 12% down from November.

由于整个市场的清算可能在80亿至100亿美元之间，因此快速下降消除了大量的开放利息（OI）。在最近的消灭后，Eth Oi接近11月中旬。不幸的是，对于持有人来说，价格要低得多，比11月下降了约12％。

The on-chain metrics showed discouraging signals. The taker buy-sell ratio is the ratio of buyer volume to seller volume of takers (market orders as opposed to limit) in perpetual swaps. This seller dominance showed heightened fear in the market.

链上指标表现出令人沮丧的信号。 Taker买卖比率是买方数量与卖方的卖方数量（市场订单相对于限制）的比例。该卖方的主导地位显示出市场上的恐惧。

Additionally, this metric has been negative for the majority of the past three months. The price action has also struggled to sustain a strong uptrend, unlike Bitcoin [BTC] or some of the other large cap altcoins.

此外，在过去三个月的大部分时间里，该指标一直是负面的。与比特币[BTC]或其他一些大型帽级别的Altcoins不同，价格行动也一直在努力维持强大的上升趋势。

The Exchange Netflows had been positive while ETH trended higher in November. This positive netflow manifested itself during the price’s way down. Increased inflows (positive netflows) indicate heightened potential for selling pressure.

ETH在11月的ETH趋势上升时，Netfrows的交易所是积极的。这种积极的NetFlow在价格下降的过程中表现出来。增加的流入（正净流）表明销售压力的潜力增加。

Over the past couple of days, the 7-day Moving Average (MA) fell into negative territory, showing slight outflows and some signs of accumulation.

在过去的几天中，7天移动平均线（MA）陷入了负区域，显示出轻微的流出和一些积累迹象。

The dormant circulation saw a strong spike during the retest of the $3.5k resistance on the 31st of January. This was also when the U.S. markets, especially tech stocks, saw large losses.

在1月31日的3.5万美元阻力重新测试期间，休眠的循环迅速升高。这也是美国市场，尤其是科技股的损失。

The Funding Rate was also negative in recent days. Meanwhile, the Mean Coin Age (2 year) has plateaued over the past two weeks after trending upward since late December. This was similar to what occurred in September.

最近几天的资金率也为负。同时，自12月下旬以来，在过去的两个星期中，平均硬币年龄（2岁）在过去的两个星期中均处于平稳状态。这类似于9月发生的事情。

Therefore, the short to medium term sentiment was strongly bearish. The price action underlined the importance of the $3.5k resistance zone.

因此，短期到中期的情绪是强烈看跌的。价格行动强调了3.5万美元的电阻区的重要性。

Yet, the Mean Coin Age and the slight negative outflows were modest indications of bullish hope.

然而，平均硬币年龄和轻微的负流量是看涨希望的谦虚迹象。