以太坊（ETH）下降到$ 1,800以下，短期持有人意识到了4亿美元的损失

以太坊（ETH）是市场资本化的第二大加密货币，在最近的市场动荡使短期持有人实现了超过4亿美元的损失之后，再次成为人们关注的焦点。

The second-largest cryptocurrency, Ethereum (ETH), is once again in the spotlight as recent market turbulence saw short-term holders realize nearly $400 million in losses this week. The token’s sharp decline below $1,800 has also sparked fears of further liquidation cascades, even as some analysts maintain a cautiously bullish outlook for the remainder of 2025.

第二大加密货币以太坊（ETH）再次引起了人们的关注，因为最近的市场动荡使短期持有人本周意识到了近4亿美元的损失。令牌低于1,800美元的急剧下降也引起了人们对进一步清算级联的担忧，即使某些分析师在2025年的其余部分中保持了谨慎的看法。

Ethereum Bears vs Bulls: A Battle at $1,800

以太坊熊对公牛：1,800美元的战斗

以太坊熊对公牛：1,800美元的战斗

ETH’s recent downturn has been triggered by a combination of macroeconomic headwinds and whale activity. In the past week alone, Ethereum dropped more than 10%, dipping to a low of $1,754 before recovering slightly above $1,900. The price action came amid broader crypto market losses and increased geopolitical uncertainty, notably linked to tariff policies and institutional outflows.

ETH最近的低迷是由宏观经济逆风和鲸鱼活动的结合引起的。仅在过去的一周中，以太坊就下降了10％以上，降至1,754美元的低点，然后恢复了略高于1,900美元。价格行动是由于更广泛的加密货币市场损失和增加地缘政治不确定性的增加而采取的，这特别是与关税政策和机构外流有关。

On-chain data from Chainalysis paints a mixed picture. Ethereum ETFs recorded a net outflow of over $409 million in March, and whales deposited large amounts of ETH to centralized exchanges, hinting at a risk-off sentiment. Meanwhile, futures liquidations surged past $63 million, underscoring the volatility engulfing the market.

链条分析的链上数据绘制了混合图片。 3月，以太坊ETF记录了超过4.09亿美元的净流出，鲸鱼将大量ETH存放到集中式交易所，暗示了风险的情绪。同时，期货清算飙升了6300万美元，强调了席卷市场的波动。

Technical Analysis: Holding the Line or Breaking Down?

技术分析：握住线路还是崩溃？

技术分析：握住线路还是崩溃？

Technical indicators are equally split. While the daily chart shows a bearish trend with ETH trading below its 100-hour Simple Moving Average, there are signs of a possible reversal. Analysts at Levels.io have pointed to a potential double-bottom pattern forming around the $1,762 support, accompanied by bullish RSI divergence.

技术指标平均分配。尽管每日图表显示出看跌的趋势，而ETH交易低于其100小时简单的移动平均线，但存在可能的逆转迹象。 Levels.io的分析师指出，围绕1,762美元的支持，可能会形成潜在的双底模式，并伴随着Bullish RSI Divergence。

For a meaningful recovery, ETH must break key resistance levels at $2,070. A move above $2,100 could open the door to further gains, possibly targeting $2,320 and beyond. However, if Ethereum loses the $1,800 support zone, bears could push the price down to $1,720 or even $1,500, with whales facing liquidation risks around $1,787 and $1,701.

为了进行有意义的恢复，ETH必须以2,070美元的价格打破关键阻力水平。超过$ 2,100的举动可以打开进一步收益的大门，可能目标是2,320美元及以后。但是，如果以太坊损失了1,800美元的支持区，熊可能会将价格降至1,720美元甚至1,500美元，鲸鱼面临着清算风险约1,787美元和1,701美元。

On-Chain Data Shows Diverging Sentiment

链上数据显示了不同的情绪

链上数据显示了不同的情绪

According to on-chain data from CryptoQuant and Santiment, short-term holders (STHs) triggered nearly $400 million in realized losses this week as ETH’s sharp decline below the $1,800 put pressure on newer market participants.

根据CryptoQuant and Santiment的链链数据，短期持有人（STHS）本周触发了近4亿美元的实现损失，因为ETH的急剧下降低于$ 1,800的新市场参与者的压力。

Dormancy circulation metrics indicate that capitulation is underway among STHs. However, long-term behavior suggests resilience. Interestingly, whales holding between 10K and 100K ETH have increased their holdings by 290K ETH over the weekend, even as smaller whale cohorts (1K-10K ETH) reduced exposure. Additionally, exchange reserves are at multi-month lows, with 940K ETH withdrawn in March. Over 530K ETH has been added to staking protocols during this period, signaling a long-term belief in Ethereum’s value.

休眠循环指标表明在Sth之间进行了投降。但是，长期行为暗示了韧性。有趣的是，在周末，持有10K至100K ETH的鲸鱼将其持有量增加了290K ETH，即使较小的鲸鱼队列（1K-10K ETH）减少了暴露量。此外，交换储量处于多个月低点，三月份撤回了940k ETH。在此期间，已将超过530k的ETH添加到了Straging协议中，这表明了人们对以太坊价值的长期信念。

Is Ethereum Still a Smart Crypto to Buy Now?

以太坊仍然是现在购买的聪明加密吗？

以太坊仍然是现在购买的聪明加密吗？

Despite the bearish technicals, many analysts remain optimistic on Ethereum’s long-term fundamentals. The rise in staking, declining exchange supply, and the ongoing transition to proof-of-stake continue to reinforce Ethereum’s position as a foundational asset in the Web3 and DeFi ecosystem.

尽管有看跌技术，但许多分析师对以太坊的长期基本面仍然乐观。积累，交换供应量下降以及持续过渡到验证证明的上升继续增强以太坊在Web3和Defi生态系统中作为基础资产的地位。

Macro events, such as geopolitical instability and institutional divestment, may continue to weigh on price action in the short term. However, if ETH can defend the $1,900 level and reclaim $2,070, momentum could shift quickly.

宏观事件，例如地缘政治不稳定和机构撤资，可能会在短期内继续权衡价格行动。但是，如果ETH可以捍卫$ 1,900的水平并收回$ 2,070，那么势头可能会迅速转移。

For long-term investors, the current dip may present an opportunity—but only if Ethereum holds the line.

对于长期投资者而言，目前的下降可能会带来机会，但只有以太坊持有这一线路。

The Last Dwarfs ($TLD): A New Alternative for Long-Term Crypto Growth?

最后的矮人（$ tld）：长期加密增长的新替代方案？

最后的矮人（$ tld）：长期加密增长的新替代方案？

While Ethereum continues to dominate headlines, a new altcoin is quietly gaining ground during the presale phase: The Last Dwarfs ($TLD). As a gaming-integrated crypto ecosystem, TLD introduces a novel Play-to-Invest model that lets users earn exposure to early-stage blockchain projects through gameplay.

尽管以太坊继续主导头条新闻，但在预售阶段，新的山寨币悄悄地获得了地面：最后一个矮人（$ tld）。作为游戏集成的加密生态系统，TLD引入了一种新颖的游戏投资模型，使用户可以通过游戏玩法获得早期阶段区块链项目的曝光率。

Already live and integrated with the TON blockchain and Telegram, The Last Dwarfs has onboarded over 300,000 users, a rarity for presale-stage projects. Now in Stage 2 of its presale, $TLD is available for $0.00852, offering staking rewards up to 300% APY and a 15% referral bonus through its Ref2Earn program.

最后的矮人已经与吨的区块链和电报一起生活并集成了，已经登上了30万用户，这是前阶段项目的罕见性。现在，在其预售的第2阶段，$ tld的价格为0.00852美元，可通过其Ref2earn计划提供高达300％的APY奖励和15％的推荐奖金。

As investors evaluate their portfolio for 2025, $TLD stands out as a unique, high-upside opportunity amid a market seeking both innovation and traction.

随着投资者在2025年评估其投资组合时，在寻求创新和牵引力的市场中，$ TLD是一个独特的高级机会。

Join $TLD Presale

加入$ tld预售

Final Thoughts – Is ETH Still a Good Investment?

最终想法 - ETH还是一项不错的投资吗？

最终想法 - ETH还是一项不错的投资吗？

Ethereum’s recent downturn has sparked intense debate: is it

以太坊最近的低迷引发了激烈的辩论：是吗