在过去的一个月中，以太坊的价格一直保持着巨大的压力，但积累活动却激增。

链上的数据表明，即使Altcoin努力恢复向上势头，固定合同中的ETH锁定量显着增加。

Ethereum’s price has remained under significant pressure over the past month, yet staking activity has surged.

在过去的一个月中，以太坊的价格一直保持着巨大的压力，但积累活动却激增。

On-chain data shows a notable increase in the amount of ETH locked in staking contracts, even as the altcoin struggles to regain upward momentum.

链上的数据表明，即使Altcoin努力恢复向上势头，固定合同中的ETH锁定量显着增加。

ETH Staking Grows While ETF Outflows Hit $524 Million

ETH Staking增长，而ETF流出达到5.24亿美元

Since plummeting to its year-to-date low on February 16, the amount of staked ETH has risen. With 33.98 million ETH currently locked in staking contracts, this figure has gone up by 1% over the past month.

自从2月16日下降到其年初低点以来，固定的ETH数量已上升。目前有3398万ETH锁定合同，这一数字在过去一个月中增长了1％。

This has happened despite the significant drop in ETH’s value in the past 30 days. Trading at $1,897 at press time, ETH’s price has plummeled by 30% since February 16.

尽管在过去30天中，ETH的价值显着下降了，但这种情况还是发生了。自2月16日以来，ETH的交易价格为1,897美元，ETH的价格下降了30％。

The divergence suggests that many investors continue to see the coin as a long-term asset rather than a short-term trading opportunity. They demonstrate confidence in ETH’s future price performance by locking up their coins instead of selling amid recent headwinds.

分歧表明，许多投资者继续将硬币视为长期资产，而不是短期交易机会。他们通过锁定硬币，而不是在最近的逆风下出售，从而表现出对ETH未来价格业绩的信心。

Moreover, this increased staked ETH could indicate growing institutional and retail interest in passive yield, even as short-term price action remains unimpressive.

此外，即使短期价格行动仍然没有令人印象深刻，这种增加的固定性ETH可能表明机构和零售利益的增长。

However, this bullish stance contrasts with the recent decline in spot ETH exchange-traded fund (ETF) inflows, raising questions about broader market sentiment. Data from SosoValue shows that these funds have recorded outflows totaling $524.68 million in the past three weeks.

但是，这种看涨的立场与现货ETH交换基金（ETF）的最近下降形成鲜明对比，从而引发了人们对更广泛的市场情绪的疑问。 Sosovalue的数据表明，这些资金在过去三周中记录了总计5.2468亿美元的流出。

When ETH ETFs see net outflows like this, investors are withdrawing more funds than they are putting in. This indicates a bearish sentiment toward the coin and puts more downward pressure on its price.

当ETH ETF看到这样的净流出时，投资者撤回的资金比他们投入的更多资金。这表明对硬币的看跌感情，并给其价格带来了更大的下降压力。

Ethereum’s Eyes Deeper Pullback—Or a Bullish Reversal?

以太坊的眼睛更深的回调，还是看涨的逆转？

ETH trades at $1,897 at press time, breaking below the key support formed at $1,924. The negative readings from its Balance of Power (BoP) reflect the ongoing selling activity among ETH holders.

ETH在发稿时以1,897美元的价格交易，以低于1,924美元的钥匙支持。电力平衡（BOP）的负面读数反映了ETH持有人之间持续的销售活动。

As of this writing, this indicator, which compares the strength of the bulls against the bears, is below zero at -0.27. When an asset’s BoP is negative, its sellers exert more control over price action, confirming the downward pressure on price.

在撰写本文时，将公牛与熊的强度进行比较的指标低于-0.27。当资产的BOP负数时，其卖方对价格行动产生了更多控制权，从而确认了价格下降的压力。

If this trend persists, ETH could continue its decline to trade at $1,758.

如果这种趋势持续存在，ETH可能会继续下降至1,758美元。

On the other hand, if sentiment flips and becomes fully bullish, it could drive ETH’s price above the $1,924 resistance and toward $2,224.

另一方面，如果情绪翻转并完全看好，它可能会使ETH的价格高于1,924美元的抵抗力，而售价为2,224美元。