以太坊（ETH）价格下降，因为投资者枢纽比特币（BTC）

以太坊（ETH）是市场资本化的第二大加密货币，正面临着销售压力的增加，努力维持价格水平以上$ 1800。

The second-largest cryptocurrency, Ethereum (ETH), is faced with increasing selling pressure as it struggles to stay above the $1,800 price level. This downward trend is unfolding as investors are seen pivoting back into Bitcoin (BTC), which recently touched the $84,000 mark.

第二大加密货币以太坊（ETH）面临着销售压力的增加，因为它努力保持高于1,800美元的价格水平。随着投资者被旋转回比特币（BTC），这种下降趋势正在发展，该投资者最近触及了84,000美元的成绩。

This selling pressure on Ethereum could worsen if the price drops below $1,600, putting 8.73 million ETH addresses, currently holding 3.61 million ETH in the $1,596 – $1,790 accumulation zone, into liquidation.

如果价格下跌以下1,600美元以下，将873万座地址降至1,600美元以下，目前持有361万ETH的销售压力可能会加剧，目前在1,596美元 - 1,790美元的累积区中持有361万ETH，将其付诸实践。

What’s more, institutional interest in Ethereum has fizzled in recent weeks, with several key metrics indicating a lack of institutional demand for ETH at current price levels.

更重要的是，最近几周对以太坊的机构兴趣逐渐消失，其中几个关键指标表明在当前价格水平上对ETH的机构需求不足。

Why Is Ethereum’s Price Declining?

为什么以太坊的价格下降？

Ethereum’s price struggles are driven by several key factors, including:

以太坊的价格斗争是由几个关键因素驱动的，包括：

Growing Regulatory Uncertainty: The nomination of Paul Atkins as the new SEC chair was initially seen as a positive development for crypto. However, opposition from Congress due to concerns over potential conflicts of interest has clouded the regulatory landscape. This pushes pro-crypto policies, such as Trump’s proposal to include ETH in the Crypto Strategic Reserve, at risk of delay or rejection.

越来越多的监管不确定性：作为新的SEC主席的提名保罗·阿特金斯（Paul Atkins）最初被视为加密货币的积极发展。但是，由于对潜在利益冲突的担忧，国会的反对使监管局势蒙上了阴影。这推动了亲克赖特（Crypto）政策，例如特朗普（Trump）将ETH纳入加密战略储备中的提议，面临延迟或拒绝的风险。

As a result, investors are adopting a more risk-averse approach, seeking refuge in Bitcoin, which is viewed as a more stable asset in times of uncertainty.

结果，投资者正在采用一种更具风险的方法，寻求比特币的避难所，在不确定性时期，这被视为一种更稳定的资产。

Bitcoin’s recent price surge to $84,000 has further diverted capital from Ethereum, leading to weaker demand for ETH and more price pressure.

比特币最近的价格上涨至84,000美元，已进一步从以太坊转移了资金，导致对ETH的需求较弱和价格压力更大。

Ethereum Price Analysis: March 30

以太坊价格分析：3月30日

On the technical front, Ethereum is currently trading below several key resistance levels, and market trends suggest further downside risks. The asset struggled to break past the $1,800 mark, indicating weakening bullish momentum.

在技​​术方面，以太坊目前的交易低于几个关键的阻力水平，市场趋势表明进一步的下行风险。资产努力超越了1,800美元的大关，表明看涨的势头减弱。

What’s more, the daily trading volume in Ethereum’s spot market dropped by 26% in the last 24 hours, signaling a lack of strong buying interest at current price levels.

更重要的是，以太坊现货市场的每日交易量在过去24小时内下降了26％，这表明在当前价格水平上缺乏强大的购买兴趣。

Key Support and Resistance Levels:

关键支持和阻力水平：

$2,000: A key psychological resistance level that could spark a fresh wave of bullish interest if reached.

$ 2,000：一个关键的心理阻力水平，如果达到的话，可能会引发新的看涨兴趣。

$1,800: A strong resistance zone that has stalled Ethereum’s recent recovery attempts.

$ 1,800：一个强大的阻力区，使以太坊最近的恢复尝试停滞了。

$1,600: A crucial support level to watch out for. Breaking below this level could invite more selling pressure and open the door for a deeper correction towards $1,500 or lower.

$ 1,600：要注意的关键支持水平。突破此水平以下可能会引起更多的销售压力，并打开门，以更深入的更正至1,500美元或更低。

8.73 Million ETH Addresses at Risk

873万ETH处于危险之中

Zoom in on the lower time frame, and the picture for long-term Ethereum holders becomes bleaker. On-chain data from IntoTheBlock reveals that 8.73 million ETH addresses are currently holding their coins in the $1,596 – $1,790 range. This capital at risk is a staggering 3.61 million ETH.

放大较低的时间范围，长期以太坊持有者的图片变得黯淡。来自Intotheblock的链链数据表明，目前有873万个ETH地址在1,596美元至1,790美元的范围内持有硬币。这项处于风险的资本是一个惊人的361万ETH。

Crucially, if the price drops below $1,600, many of these addresses could be pushed into liquidation. This could trigger a vicious cycle of more selling pressure and further price declines, spelling trouble for already burdened ETH holders.

至关重要的是，如果价格下跌低于1,600美元，则其中许多地址可能会被推入清算。这可能会触发一个更大的销售压力和进一步下降的恶性循环，这给已经负担重的ETH持有人带来了麻烦。

Impact of Weak Institutional Demand

机构需求弱的影响

Institutional interest in Ethereum has also dwindled in recent weeks, with several key metrics signaling a lack of institutional demand for ETH at current price levels. Several factors contribute to this decline:

最近几周，对以太坊的机构兴趣也会减少，几个关键指标表明，在当前价格水平上对ETH的机构需求不足。有几个因素导致这种下降：

ETH vs. BTC: A Shift in Investor Sentiment

ETH与BTC：投资者情绪的转变

Historically, Ethereum and Bitcoin have shared a strong correlation, with ETH often following BTC’s price movements. However, the recent market dynamics indicate a shift in investor sentiment.

从历史上看，以太坊和比特币具有很强的相关性，ETH经常跟随BTC的价格变动。但是，最近的市场动态表明投资者情绪发生了变化。

While Bitcoin has sustained a strong upward trajectory, Ethereum has struggled to attract buyers, reflecting a growing preference for BTC as a store of value during times of economic uncertainty. This divergence highlights the fragility of Ethereum’s short-term prospects.

尽管比特币具有强大的向上轨迹，但以太坊一直在努力吸引买家，这反映了对BTC作为经济不确定性时期的价值储存的越来越多。这种差异凸显了以太坊短期前景的脆弱性。

ETH Price Forecast: Risks of a Breakdown Below $1,750

ETH价格预测：细分低于$ 1,750的风险

To sum up, Ethereum is currently facing significant headwinds as it trades at $1,808.82. Technical indicators suggest further downside risks, especially if ETH fails to hold above the $1,750 support level. A breakdown below this level could invite a steeper decline towards $1,600 or lower.

总而言之，以太坊目前面临重大的逆风，因为它的交易价格为1,808.82美元。技术指标提出了进一步的下行风险，尤其是如果ETH未能超过1,750美元的支持水平。低于此水平的故障可能会使急剧下降到1,600美元或更低。

This move would put millions of ETH holders in the $1,596 – $1,790 accumulation zone at risk of liquidation, potentially triggering a cascade of sell-offs and accelerating the bear market.

这一举动将使数百万的ETH持有人在1,596美元至1,790美元的累积区中面临着清算风险，有可能触发一系列抛售并加速熊市。

Several bearish indicators support this outlook:

几个看跌指标支持这种看法：

Despite the recent bullish narrative surrounding crypto, the broader market trends suggest otherwise. The market cap of the total crypto market has dropped by 2.24% in the last 24 hours, signaling a lack of overall strength.

尽管最近围绕加密货币的看涨叙述，但更广泛的市场趋势暗示了相反。在过去的24小时内，总加密货币市场的市值下降了2.24％，这表明缺乏总体力量。

Moreover, the crypto market volume has decreased by 20.34% in the past 24 hours, indicating reduced trading activity and weaker interest in cryptocurrencies at current price levels.

此外，在过去的24小时内，加密货币市场量减少了20.34％，这表明交易活动减少，对加密货币的兴趣较弱。

This lack of volume could be attributed

缺乏卷可以归因于