以太坊（ETH）市场跌至看跌情绪的涡流中

当以太坊（ETH）陷入看跌式情绪时，加密货币市场正在见证令人恐惧的景象。

The cryptocurrency market is witnessing a chilling spectacle as Ethereum (ETH) plunges into a vortex of bearish sentiment. A confluence of colossal sell-offs, spearheaded by the U.S. government and amplified by institutional and retail investors, has sent shockwaves through the digital asset landscape.

当以太坊（ETH）陷入看跌式情绪时，加密货币市场正在见证令人恐惧的景象。由美国政府率领并由机构和零售投资者放大的巨大抛售汇合处，通过数字资产格局引发了冲击波。

The once-resilient Ethereum, a cornerstone of the DeFi and NFT ecosystems, now faces the daunting prospect of a significant price correction, with the specter of a sub-$1,754 collapse looming large. In the past 24 hours alone, Ethereum has experienced a precipitous 5.75% decline, a stark testament to the mounting selling pressure. This downward spiral, fueled by a collective lack of confidence, has shattered historical patterns and ignited a wave of fear among investors.

曾经有弹性的以太坊，即Defi和NFT生态系统的基石，现在面临着重大价格校正的令人生畏的前景，而幽灵降低了1,754美元的幽灵。仅在过去的24小时内，以太坊就经历了5.75％的急剧下降，这表明了销售压力的稳定。由于集体缺乏信心的推动，这种下降的螺旋形式破坏了历史模式，并激发了投资者的恐惧浪潮。

AMBCrypto’s analysis reveals a disturbing truth: the traditional safety nets that once cushioned Ethereum from market downturns have vanished, leaving the asset vulnerable to further losses.

Ambcrypto的分析揭示了一个令人不安的事实：曾经使以太坊从市场低迷中缓存的传统安全网已经消失了，这使资产易受进一步的损失。

The Government’s Unloading: A $1.77 Million Seismic Shift

政府的卸货：177万美元的地震转变

The epicenter of this bearish earthquake is the U.S. government’s decision to unload a substantial portion of its Ethereum holdings. In a move that has been discussed but never fully realized, the government sold 884.33 ETH, valued at $1.77 million at the time of the transaction.

这次看跌地震的中心是美国政府决定卸载其以太坊持有量的很大一部分。政府在讨论但从未完全实现的举动中，出售了884.33 ETH，在交易时价值177万美元。

This action, coming from a major player holding 59,965 ETH, signals a profound lack of confidence and casts a long shadow over the asset’s short-term prospects.

这项行动来自一名拥有59,965 ETH的主要球员，这表明缺乏信心，并对资产的短期前景产生了悠久的阴影。

To fully comprehend the gravity of this development, it’s essential to examine the government’s past trading behavior. Historically, their sales have coincided with market downturns, often preceding a bounce back from crucial support levels. However, the current scenario deviates sharply from this pattern.

为了充分理解这一发展的重力，必须检查政府过去的交易行为。从历史上看，他们的销售额与市场低迷相吻合，通常是从关键的支持水平反弹之前。但是，当前的场景远离这种模式。

Previous government sell-offs, such as those on August 5, October 1, and October 24, saw the disposal of 299.95, 74.5, and 177.89 ETH, respectively. Each instance was followed by a decline to the $2,348.43 support level, which acted as a catalyst for a subsequent recovery.

前政府的抛售，例如8月5日，10月1日和10月24日的抛售，分别是299.95、74.5和177.89 ETH的处置。随后，每个实例下降到2,348.43美元的支持水平，后者是随后恢复的催化剂。

This time, however, Ethereum is trading below this critical threshold, forming a series of lower lows that indicate a sustained downward trend. The breach of this support level, coupled with the absence of a discernible bounce back, suggests a fundamental shift in market dynamics.

但是，这次以太坊的交易量低于这个关键阈值，形成了一系列低低，表明持续的下降趋势。违反了这种支持水平，再加上没有明显的反弹，这表明市场动态发生了根本性的转变。

The $1,754 Precipice: A Point of No Return?

$ 1,754的悬崖：无回报点？

The implications of this breach are dire. If the selling pressure continues unabated, Ethereum risks plummeting below the $1,754 mark. This level represents a critical juncture; a failure to rebound from this point could trigger a cascade of losses, potentially leading to a significant market correction.

这种违规的含义是可怕的。如果销售压力持续不断，以太坊的风险跌至1,754美元以下。这个级别代表着一个关键的关头；从这一点开始未能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。

AMBCrypto’s analysis further underscores the severity of the situation, revealing that retail sentiment has plummeted to a year-low. This decline, confirmed by Google Trends data showing a significant drop in search interest for Ethereum, indicates a widespread disinterest and a potential exodus from the asset.

Ambcrypto的分析进一步强调了这种情况的严重性，表明零售情绪已跌至低一年。 Google趋势数据证实了这种下降，显示以太坊的搜索兴趣显着下降，表明资产的普遍不感兴趣和潜在的出埃及记。

The Retail Exodus: A Panic-Driven Sell-Off

零售出埃及记：恐慌驱动的抛售

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

美国政府的抛售引起了散户投资者的恐慌，他们现在正在积极地卸下以太坊。 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 indicates a growing sense of unease among retail traders, who are increasingly opting to sell rather than hold onto their Ethereum.

该指数在零售投资者是净卖方时变为负面的，自3月23日以来，该指数首次浸入了负领土。这表明零售商交易者越来越不安，他们越来越选择卖出而不是坚持以太坊。

The negative reading of -0.0016 at press time suggests that selling pressure is gradually mounting, potentially exacerbating the downward trend. This retail panic, fueled by fear and uncertainty, could further contribute to Ethereum’s price decline.

截至发布时间的-0.0016的负读数表明，销售压力正在逐渐增加，可能会加剧下降趋势。这种零售恐慌以恐惧和不确定性的助长，可能进一步导致以太坊的价格下降。

The Institutional Flight: A $402.6 Million Departure

机构航班：4.026亿美元的出发

Adding to the bearish pressure, institutional investors, who hold approximately $8.83 billion of Ethereum in assets under management, have also been actively selling since the beginning of March.

自3月初以来，在看跌压力的情况下，机构投资者的管理资产约为88.3亿美元，他们也一直在积极出售。

A staggering $402.6 million worth of Ethereum has been sold between March 3 and the present day, signaling a significant shift in institutional sentiment. 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.

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，这表明机构情绪发生了重大变化。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 these institutions continue their selling spree, they could potentially reach the $1,754 target level, as indicated by the charts. This confluence of selling pressure from government entities, retail traders, and institutional investors creates a perfect storm, threatening to push Ethereum into a deeper market correction.

如果这些机构继续销售狂潮，则这些机构可能会达到1,754美元的目标水平，如图表所示。从政府实体，零售商人和机构投资者那里销售压力的这种汇合处造成了一场完美的风暴，威胁要将以太坊推向更深层次的市场纠正。

The Final Verdict: A Chilling Spectacle

最后的判决：令人毛骨悚然的奇观

The current market conditions present a bleak outlook for Ethereum, with several bearish factors converging to exert significant selling

当前的市场状况对以太坊的前景呈现出惨淡的前景，几个看跌因素聚集起来发挥巨大的销售