以太坊（ETH）下降到1600美元以下

以太坊（ETH）的跌至1,600美元以下，引发了短期交易者的关注。但是，新兴

The second-largest cryptocurrency, Ethereum (ETH), has slipped below the $1,600 mark, triggering concern among short-term traders. However, emerging on-chain and technical data suggests the crypto giant could be entering a critical accumulation phase that often precedes major rallies.

第二大加密货币以太坊（ETH）的下滑低于1,600美元，引发了短期交易者的关注。但是，新兴的链链和技术数据表明，加密巨头可能正在进入一个关键的积累阶段，通常是在重大集会之前。

According to a fresh analysis published on April 17 by CryptoQuant contributor abramchart, Ethereum is now trading near its realized price, currently around $1,585—a key historical level that has consistently signaled deep-value entry points for long-term investors.

根据CryptoFant贡献者Abramchart于4月17日发布的全新分析，以太坊现在的交易价格接近其实现的价格，目前约为1,585美元，这一主要历史级别始终指示长期投资者的深入入口点。

The realized price is a fundamental on-chain metric calculated by the average price at which ETH coins last moved on-chain. According to Abramchart's analysis, when Ethereum trades at or below this level, it indicates undervaluation and market exhaustion.

实现的价格是一个基本的链式度量，该指标是由Eth Coins上次移动链的平均价格计算得出的。根据Abramchart的分析，当以太坊交易以下或低于此级别时，它表明低估和市场疲惫。

"We can see that the price is approaching the lower band of the realized price model, and the market mood is becoming less bullish, which could be a good thing for institutions or big holders to start accumulating again for the next bull market."

“我们可以看到，价格正在接近已实现的价格模式的下部乐队，市场情绪变得不那么看涨，这对于机构或大持有人来说可能是一件好事，即开始在下一个牛市重新积累。”

Realized Price: Ethereum’s Rebound Signal?

实现价格：以太坊的反弹信号？

According to the analysis, periods of low volatility and proximity to the realized price have acted as springboards for major upside moves. For instance, during the 2020-2021 bull market, when Ethereum exhibited low volatility and traded below the realized price for an extended period, it set the stage for a remarkable surge from $1,000 to $4,000 within a few months' time.

根据分析，低波动性和与已实现价格接近的时期充当了重大上行移动的跳板。例如，在2020 - 2021年牛市中，当以太坊表现出低波动性并在长期内交易低于实现的价格时，它为几个月内的1,000美元至4,000美元的增长奠定了基础。

After finding support at the $1,000 level in 2021, which coincided with the realized price at the time, Ethereum experienced a significant price increase. However, this move was largely driven by market hype and exuberance, leading to a later correction as the price pulled back to the same $1,000 zone, marking the average price at which the last generation of coins moved.

在2021年以1,000美元的水平找到支持之后，这与当时的实现价格相吻合后，以太坊的价格大幅上涨。但是，这一举动在很大程度上是由市场炒作和旺盛驱动的，随着价格恢复到同一$ 1,000的区域，后来进行了更正，这标志着最后一代硬币转移的平均价格。

Furthermore, the analysis highlights that periods of low volatility and proximity to the realized price have been pivotal in past cycles. For instance, during the 2020-2021 bull market, when Ethereum exhibited minimal volatility and traded below the realized price for an extended period, it set the scene for a substantial rally.

此外，分析强调，在过去的周期中，低波动率和与实现价格的距离的时期至关重要。例如，在2020-2021牛市期间，当以太坊表现出最小的波动率并在长时间以下的价格低于实现的价格以下时，它为实质性的集会设定了现场。

As the cryptocurrency navigates this technical and psychological crossroads, traders and analysts are keeping a close eye on the next catalyst—whether that be a macro shift, a breakout on the charts, or a surge in network activity.

当加密货币导航这一技术和心理十字路口时，交易者和分析师一直密切关注下一个催化剂 - 无论是宏观变化，图表上的突破还是网络活动激增。