以太坊（ETH）交流的供应最近见证了急剧下降

以太坊（ETH）最近见证了其集中交流的供应急剧下降，这种趋势可能表明其价格的潜力。约翰·多伊（John Doe）。

The amount of Ethereum (ETH) held on centralized exchanges has dropped rapidly, indicating that investors could be preparing for a future price increase.

集中式交易所举行的以太坊（ETH）数量迅速下降，表明投资者可以为未来价格上涨做准备。

According to on-chain data from analytics firm Santiment, the “Supply on Exchanges” metric for Ethereum has decreased by 16.4% over the past seven weeks. This brings the metric to its lowest level since 2015.

根据分析公司的链链数据，在过去的七个星期中，以太坊的“交流供应”度量标准下降了16.4％。这使该指标达到了自2015年以来的最低水平。

What Is the "Supply on Exchanges" Metric?

什么是“交流供应”度量标准？

The “Supply on Exchanges” measures the total amount of an asset that is being held by centralized exchanges in their designated deposit wallets.

“交流供应”衡量了由指定存款钱包中的集中交易所持有的资产总额。

When this metric goes up, it signifies that more tokens are being deposited by investors into exchanges, usually with the purpose of selling them. This usually puts downward pressure on prices as it signals increased selling activity.

当这个指标上升时，它表明投资者将更多的令牌存入交易所，通常是为了出售它们。这通常会给价格下降压力，因为IT信号增加了销售活动。

Conversely, when this metric goes down, it shows that a large amount of an asset is being withdrawn from exchanges, suggesting that investors may be accumulating or holding onto their assets in preparation for a potential price increase.

相反，当该指标下降时，它表明大量资产正在从交易所中撤回，这表明投资者可能正在积累或持有其资产，以准备增加潜在的价格上涨。

Major Ethereum Withdrawal Event

重大以太坊戒断事件

The 16.4% drop in Ethereum’s supply on exchanges indicates that investors are quickly moving their ETH tokens from exchanges.

以太坊在交易所供应的16.4％下降表明，投资者正在迅速将其ETH令牌从交易所移动。

This is a major net withdrawal of investors from exchanges, and it could be driven by several factors, including:

这是投资者从交流中的主要净撤离，它可能是由几个因素驱动的，其中包括：

* Increasing confidence in Ethereum’s long-term value.

*增加对以太坊的长期价值的信心。

* Greater participation in decentralized finance (DeFi) projects.

*更多地参与分散财务（DEFI）项目。

* Involvement in staking activities, where investors lock up their ETH to earn interest.

*参与积分活动，投资者将其ETH锁定以赢得利息。

As the chart from Santiment shows, this decrease in supply on exchanges has coincided with a drop in Ethereum’s price, which has seen some volatility over the past few weeks.

正如Santiment的图表所示，交易所供应的这种减少与以太坊的价格下降相吻合，在过去的几周中，这种价格下降了。

However, even though the price of Ethereum (ETH) has been moving sideways recently, this decline in supply could signal that the token is entering a phase of accumulation rather than selling, setting the stage for future price gains.

但是，即使以太坊（ETH）的价格最近一直在侧向移动，但这种供应下降也可能表明令牌正在进入积累阶段而不是销售阶段，这为未来的价格上涨奠定了基础。

DeFi and Staking Contributions

Defi和Staking捐款

One of the main reasons for this decrease in supply on exchanges could be the increasing adoption of decentralized finance (DeFi) platforms and Ethereum staking services.

交易所供应减少的主要原因之一可能是分散融资（DEFI）平台和以太坊储存服务的采用越来越多。

Ethereum 2.0, which introduced the proof-of-stake (PoS) consensus mechanism, allows users to stake their ETH and earn rewards in return. This incentivizes long-term holding and could be one of the main factors driving Ethereum out of exchanges and into staking contracts.

引入了验证证明（POS）共识机制的Ethereum 2.0允许用户存放其ETH并获得回报。这激励了长期持有，并且可能是将以太坊从交流和签订合同签订的主要因素之一。

DeFi platforms, which enable a wide range of financial services on the blockchain, have also become increasingly popular among Ethereum holders. As more ETH is locked up in DeFi protocols, it reduces the overall supply available on exchanges, adding to the bullish potential.

DEFI平台在区块链上促进广泛的金融服务，在以太坊持有人中也越来越受欢迎。随着越来越多的ETH锁定在Defi协议中，它减少了交流中可用的总体供应，从而增加了看涨的潜力。

Comparing With Bitcoin

与比特币进行比较

Interestingly, the decrease in Ethereum’s supply on exchanges is not mirrored by Bitcoin (BTC).

有趣的是，比特币（BTC）并没有反映以太坊在交流上的供应减少。

Although Bitcoin has also seen a decline in its supply on exchanges, the overall trend has been relatively stable in comparison to Ethereum’s more dramatic drop. This could suggest that Ethereum investors, including whales, are more actively buying the dip and accumulating ETH compared to Bitcoin holders, who may be less inclined to take action during this market cooldown.

尽管比特币在交流方面的供应量也有所下降，但与以太坊更具戏剧性的下降相比，总体趋势相对稳定。这可能表明，与比特币持有人相比，包括鲸鱼在内的以太坊投资者（包括鲸鱼）更积极地购买浸入和积累的ETH，他们可能不太愿意在这个市场冷却期间采取行动。

Technical Analysis Viewpoint

技术分析观点

While Ethereum’s on-chain data appears bullish, the technical analysis (TA) tells a different story. According to analyst Ali Martinez, Ethereum has been trading within a parallel channel for the past couple of years, and its price has recently been on a downtrend.

尽管以太坊的链链数据似乎看涨，但技术分析（TA）讲述了一个不同的故事。根据分析师阿里·马丁内斯（Ali Martinez）的说法，在过去的几年中，以太坊一直在平行渠道内进行交易，其价格最近一直处于下降趋势。

suggesting that Ethereum may be on its way to test the lower level of this channel, which could mean further short-term price weakness.

表明以太坊可能正在测试该渠道的较低级别，这可能意味着进一步的短期价格弱点。

At the time of press, Ethereum is trading at $1,960, down more than 3% over the last week. The price appears to be consolidating within a tight range, with little momentum either way.

在新闻发布会时，以太坊的交易价格为1,960美元，比上周下降了3％以上。价格似乎在紧密的范围内巩固，无论哪种方式都有很小的动力。

However, the drop in supply on exchanges, coupled with Ethereum’s strong ecosystem and the growing adoption of its blockchain, could set the stage for a positive long-term outlook. As Ethereum continues to benefit from the DeFi boom and the Ethereum 2.0 upgrade, this could be a factor to watch for those seeking signs of a bullish trend in the near future.

但是，交流的供应下降，再加上以太坊的强大生态系统以及越来越多的区块链的采用，可能为积极的长期前景奠定了基础。随着以太坊继续从Defi Boom和Ethereum 2.0升级中受益，这可能是关注那些在不久的将来寻求看涨趋势迹象的因素。