随着 ETF 预期和技术面的一致，以太坊有望迎来潜在反弹

随着加密货币社区预计推出现货 ETH 交易所交易基金 (ETF)，第二大加密货币以太坊 (ETH) 有望出现上涨。 ETH 目前交易价格为 3,182.81 美元，在过去 24 小时内略有下跌，但在过去一周录得令人鼓舞的 4.53% 涨幅。

Ethereum Poised for Potential Rally Amidst ETF Anticipation and Technical Indications

以太坊在 ETF 预期和技术指标中有望迎来潜在反弹

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is exhibiting signs of a potential rally as the cryptocurrency community eagerly awaits the imminent launch of spot ETH exchange-traded funds (ETFs). The anticipated catalyst, coupled with favorable technical indicators, suggests a promising outlook for ETH's price movement.

随着加密货币社区热切等待即将推出的现货 ETH 交易所交易基金 (ETF)，按市值计算的第二大加密货币以太坊 (ETH) 正显示出潜在反弹的迹象。预期的催化剂，加上有利的技术指标，表明 ETH 价格走势的前景乐观。

Hong Kong ETF Approval Fuels Optimism

香港ETF获批激发乐观情绪

The recent approval of spot Bitcoin and Ethereum ETF applications in Hong Kong has sparked a wave of optimism within the cryptocurrency market. With the deadline for one of the spot ETH ETF applications approaching on May 23, investors anticipate a significant catalyst that could propel ETH's recovery. The potential approval of these ETFs would provide greater access to ETH for institutional and retail investors, further legitimizing the asset class.

近期比特币和以太坊ETF现货申请在香港获得批准，在加密货币市场引发了一波乐观情绪。随着 5 月 23 日 ETH ETF 现货申请截止日期的临近，投资者预计将出现一个重要的催化剂，推动 ETH 的复苏。这些 ETF 的潜在批准将为机构和散户投资者提供更多获得 ETH 的机会，进一步使该资产类别合法化。

Technical Analysis Points to Upside Potential

技术分析指出上涨潜力

From a technical perspective, Ethereum has been trading within a descending ranging channel on the weekly chart. However, the current weekly candlestick is bullish, indicating a resurgence of buying pressure. The Relative Strength Index (RSI), a momentum indicator, is currently at 59, suggesting a recent buying spree and potential for further upside movements.

从技术角度来看，以太坊一直在周线图上的下降区间内交易。然而，当前的周烛图看涨，表明买盘压力重新抬头。动量指标相对强弱指数 (RSI) 目前处于 59 点，表明近期出现买盘热潮以及进一步上涨的潜力。

On the daily chart, ETH is testing the broken-down support at the $3,190 zone. A decisive break above this resistance level could trigger a rally towards the descending trendline and potentially fill a fair value gap left during the recent bear run. The daily RSI, at 46, indicates ample room for a buying spree before reaching the overbought region.

日线图上，ETH 正在测试 3,190 美元区域的下破支撑位。果断突破该阻力位可能会引发向下降趋势线的反弹，并可能填补近期熊市期间留下的公允价值缺口。每日 RSI 为 46，表明在达到超买区域之前还有充足的疯狂买盘空间。

On-Chain Metrics Offer Encouraging Signs

链上指标提供了令人鼓舞的迹象

Despite the recent price dip, on-chain metrics provide some encouraging signs for bulls. The 90-day mean coin age, a measure of the average age of coins held by users, has been steadily increasing since March 27th. This suggests a network-wide accumulation of ETH, indicating a long-term bullish sentiment.

尽管最近价格下跌，但链上指标为多头提供了一些令人鼓舞的迹象。 90天平均币龄是衡量用户持有币的平均年龄的指标，自3月27日以来一直在稳步增长。这表明 ETH 正在全网积累，表明长期看涨情绪。

Additionally, the 30-day MVRV (Market Value to Realized Value) ratio, which measures the profitability of ETH holders, has been negative for nearly a month. This suggests that holders are currently at a loss, presenting a potential buying opportunity.

此外，衡量 ETH 持有者盈利能力的 30 天 MVRV（市场价值与已实现价值）比率已连续近一个月为负值。这表明持有者目前处于亏损状态，提供了潜在的买入机会。

Network Growth and Sentiment Lag

网络增长和情绪滞后

While the technical indicators and on-chain metrics paint a positive picture, user adoption and sentiment have fallen alongside prices. The weighted social sentiment has been predominantly negative since mid-March. An uptick in the network growth metric, which measures the number of new addresses joining the Ethereum network, would be a sign of growing demand and could precede an uptrend in price.

尽管技术指标和链上指标描绘了积极的景象，但用户采用率和情绪却随着价格的下降而下降。自3月中旬以来，加权社会情绪主要为负面。网络增长指标（衡量加入以太坊网络的新地址数量）的上升将是需求增长的迹象，并且可能先于价格上涨趋势。

Resistance and Support Levels

阻力位和支撑位

For the ETH rally to gain momentum, it needs to overcome the immediate resistance level at $3,300. A break above this level would increase confidence among swing traders and investors, fueling further gains. Support levels below the current price remain at $3,000 and $2,900, which could provide a safety net if the rally falters.

为了让 ETH 反弹获得动力，它需要克服 3,300 美元的直接阻力位。突破该水平将增强波段交易者和投资者的信心，推动进一步上涨。当前价格下方的支撑位仍为 3,000 美元和 2,900 美元，如果反弹动摇，这可能会提供安全网。

Conclusion

结论

Ethereum's price action exhibits a confluence of positive factors that suggest a potential rally in the near future. The anticipation surrounding the spot ETF launch, favorable technical indicators, and encouraging on-chain metrics all contribute to a bullish outlook. However, investors should remain cautious of potential headwinds, such as the decline in user adoption and sentiment, and monitor price movements closely.

以太坊的价格走势展现了一系列积极因素的综合作用，表明在不久的将来可能会出现上涨。围绕现货 ETF 推出的预期、有利的技术指标以及令人鼓舞的链上指标都有助于看涨前景。然而，投资者应对潜在的不利因素保持谨慎，例如用户采用率和情绪下降，并密切关注价格走势。