即使以太坊（ETH）价格继续面对下降压力

即使以太坊（ETH）的价格继续面对向下压力，最近的趋势也有一些观察者怀疑资产的潜力

The price of Ethereum (ETH) has been struggling recently, but that isn’t stopping some investors from buying high and hoping for even higher prices later.

以太坊（ETH）的价格最近一直在挣扎，但这并没有阻止某些投资者购买高价，并希望以后更高的价格。

During the past week, 1.2 billion worth of ETH was taken off of exchanges, the highest amount seen since December of last year. This kind of movement is traditionally seen as a signal that investors expect an asset’s price to appreciate.

在过去的一周中，从交流中取出了12亿个ETH，这是自去年12月以来的最高数量。传统上，这种运动被视为投资者期望资产价格会欣赏的信号。

Strategic Buying Opportunity or Short-Term Risk?

战略购买机会还是短期风险？

The world’s second-largest cryptocurrency has seen plenty of consolidation in recent weeks as traders and investors ponder its next move. While the broader market sentiment has been pessimistic, the $1.8 billion outflow suggests that a large portion of Ethereum holders are not looking to sell at current prices. Instead, they are moving their Ethereum off exchanges and holding long-term. This behavorial pattern oftentimes signifies confidence in Ethereum’s long-term prospects, as investors prefer to store their tokens in private wallets rather than leave them exposed to exchange risks.

最近几周，随着贸易商和投资者思考下一步行动，全球第二大加密货币在最近几周内得到了很多合并。尽管更广泛的市场情绪令人悲观，但18亿美元的流出表明，大部分以太坊持有人并不希望以当前价格出售。取而代之的是，他们正在将以太坊脱离交流并长期持有。这种行为的模式通常表示对以太坊的长期前景的信心，因为投资者更喜欢将其令牌存储在私人钱包中，而不是让他们面临贸易风险。

At such a large sum, the holders of the cryptocurrency believe that the current market conditions present a buying opportunity. With Ethereum’s price still far from its previous all-time highs, some investors likely view this as a strategic entry point. This could be especially true for those who expect a rebound in the near future. Of course, this trend doesn’t mean that the holders aren’t. A broader analysis of market conditions could just as easily lead one to view this as a premature entry given the downward trend in the broader market.

加密货币的持有人这么大，认为当前的市场状况会带来购买机会。由于以太坊的价格距离其以前的历史高潮还很远，因此一些投资者可能将其视为战略切入点。对于那些期望在不久的将来反弹的人来说，这尤其如此。当然，这种趋势并不意味着持有人不是。鉴于更广泛的市场的下降趋势，对市场状况的更广泛分析可能同样容易地将其视为过早入境。

Despite the long-term positivity surrounding Ethereum, price weakness and market uncertainty recently triggered short-term volatility. In the past 24 hours, for instance, $230 million worth of long positions in ETH were liquidated. That’s a 4.18% drop in the leverage taken on long positions over just 24 hours. Of course, not all traders use leverage, and plenty of traders have raked in profits recently from simply shorting. But using leverage makes the kind of market ETH is currently seeing even more unpredictable.

尽管以太坊的长期积极性，价格疲软和市场不确定性最近引发了短期波动。例如，在过去的24小时中，在ETH中销售了价值2.3亿美元的ETH。这是在短短24小时内长位置上长位置下的杠杆作用的4.18％。当然，并非所有交易者都使用杠杆作用，而最近Simply Shorting的大量交易员最近获得了利润。但是，使用杠杆使那种市场ETH目前看到的是更加不可预测的。

Over $230 million in #Ethereum $ETH long positions were liquidated yesterday, shaking out overleveraged traders!

昨天清算了超过2.3亿美元的#Ethereum $ ETH长位职位，使交易员震惊！

— Ali (@ali_charts) March 10, 2025

- Ali（@ali_charts）2025年3月10日

This time last year, the price of Bitcoin was around $40,000, having already fallen from its 2021 highs.

去年的这个时候，比特币的价格约为40,000美元，已经从2021年的高点下降了。

The chart of Ethereum is showing one of the most interesting technical patterns today: a descending triangle, which is usually a signal for traders that the coin is about to break out of its current period of consolidation. Even in times like these, when half the crypto world is selling and the other half is buying, the price of Ethereum seems to be consolidating. Whatever direction it ultimately breaks out in, there will be strong price movement. If it breaks upward, it could lead to an increase in price of as much as 18%.

以太坊图表显示了当今最有趣的技术模式之一：下降三角形，这通常是交易者的信号，表明硬币即将爆发出当前的合并时期。即使在这样的时期，当加密货币世界的一半出售而另一半正在购买时，以太坊的价格似乎是在巩固。无论它最终爆发出什么方向，都会有强大的价格变动。如果它向上分解，则可能导致价格上涨多达18％。

If the price of Ethereum manages to break through key resistance levels, then a major recovery could be around the corner. That’s the way many investors see it right now, with their eyes set on not-too-distant upside price targets. But if Ethereum instead keeps following this downward path, then there’s the real potential for not-too-distant price targets that are heading much lower. What’s at risk here and what could be in store for the price of Ethereum in the near term?

如果以太坊的价格设法突破了关键的阻力水平，那么重大恢复可能会临近。这就是许多投资者现在看到的方式，他们的目光投向了不太可能的上涨目标目标。但是，如果以太坊不断遵循这条向下的道路，那么不及时的目标目标的真正潜力要低得多。这里有什么风险，在短期内以太坊的价格可能会出售什么？

The market is unstable, but the descending triangle pattern usually shows that the market is waiting for a catalyst to send it in a more clear-cut direction. As it emerges from this lull, Ethereum could make one of two major moves: it could push upward and leave behind a bunch of resistances that have been a hassle for it and continue to be a price surge, a price pump (if you will), which would also be a nice Christmas present for a lot of people who hold Ethereum. Or it could collapse downward.

市场不稳定，但是下降的三角形模式通常表明市场正在等待催化剂将其朝着更明确的方向发送。以太坊从这种烦恼中出现时，以太坊可能会做出两种主要动作之一：它可以向上推动，并留下一堆阻力，这些阻力一直是麻烦，并且继续是价格上涨，价格泵（如果您愿意的话），这对于许多持有以太坊的人来说也是一个不错的圣诞节礼物。或者它可能向下崩溃。

Outflows from Ethereum ETFs and Institutional Sentiment

以太坊ETF和机构情绪的流出

The world’s second-largest cryptocurrency is also seeing outflows from the ETF that tracks it. According to the latest data from blockchain analytics firm Wu Blockchain, from March 3 to March 7, Ethereum spot ETF had a net outflow of $120 million. This is a clear sign that the institutional side of the investment spectrum is not comfortable with where Ethereum is currently trading. They are taking actions that highlight their conservatism and their inability to predict where Ethereum is headed next.

世界第二大加密货币也正在看到跟踪它的ETF的流出。根据3月3日至3月7日，区块链分析公司WU区块链的最新数据，以太坊景点ETF的净流出为1.2亿美元。这清楚地表明，投资范围的机构方面对以太坊目前的交易不满意。他们正在采取行动来强调他们的保守主义以及无法预测以太坊下一步的发展方向。

Last week (March 3 to March 7, ET), Bitcoin spot ETF had a net outflow of US$799 million; Fidelity ETF FBTC had a net outflow of US$201 million; Ethereum spot ETF had a net outflow of US$120 million.https://t.co/YanotfbWiJ— Wu Blockchain (@WuBlockchain) March 10, 2025

上周（美国东部时间3月3日至3月7日），比特币现场ETF的净流出为7.99亿美元； Fidelity ETF FBTC的净流出为2亿美元； Ethereum Spot ETF的净流出为1.2亿美元。

The drains from Ethereum ETFs show that while long-term holders are

以太坊ETF的排水表明，虽然长期持有人是