以太坊的价格正在发动，但一些基本信号表明看涨逆转。

在加密货币交流上的ETH供应确实达到了前所未有的水平。根据加密专家的说法，这可能会改变一切。

The price of Ethereum (ETH) has been wavering, but some fundamental signals indicate a bullish reversal. The supply of ETH on cryptocurrency exchanges has indeed reached an unprecedented level. According to crypto experts, this could change everything.

以太坊（ETH）的价格一直在发动，但一些基本信号表明看涨逆转。在加密货币交流上的ETH供应确实达到了前所未有的水平。根据加密专家的说法，这可能会改变一切。

The supply of Ethereum is melting away: towards an inevitable bullish shock?

以太坊的供应正在融化：不可避免的看涨冲击？

On March 20, the analysis platform Santiment revealed a key figure: the supply of Ether available on crypto exchanges has fallen to 8.97 million ETH. This is the lowest level recorded since November 2015. Specifically, this represents a drop of 16.4% compared to the end of January balances. This massive movement reveals a long-term accumulation strategy by crypto investors. They could be betting on the resilience of the Ethereum blockchain network.

3月20日，分析平台santiment揭示了一个关键数字：加密交易所可用的以太供应量已降至897万ETH。这是自2015年11月以来记录的最低水平。具体而言，与1月底相比，这是16.4％的下降。这一巨大的运动揭示了加密投资者的长期积累策略。他们可能会押注以太坊区块链网络的弹性。

Referred to as “supply shock”, this phenomenon describes a situation where the scarcity of a digital asset creates upward pressure if demand remains steady. According to Santiment, Ethereum holders are even withdrawing their tokens from crypto exchanges faster than ever. A similar configuration preceded a surge in the bitcoin price in early 2024.

这种现象被称为“供应冲击”，描述了一个情况，即如果需求保持稳定，数字资产的稀缺性会产生向上的压力。根据Santiment的说法，以太坊持有人甚至比以往任何时候都更快地从加密货币交换中撤回其令牌。在2024年初的比特币价格上涨之前，类似的配置。

greater interest in ether despite the price drop

尽管价格下降，但对以太的兴趣更大

Despite a 26% drop, Ethereum still attracts large holders. Over the last 30 days, to be precise, ETH has lost 26% of its value. This crypto asset is now trading around $1,971.

尽管下降了26％，但以太坊仍然吸引了大型持有人。确切地说，在过去的30天中，ETH损失了其价值的26％。该加密资产现在的交易约为1,971美元。

According to data from Farside, ETH ETFs have recorded 12 consecutive days of outflows. This represents a total of $370.6 million. This trend reflects a temporary loss of confidence among some institutional investors.

根据Farside的数据，ETH ETF连续记录了12天的流出。这代表总计3.706亿美元。这种趋势反映了一些机构投资者之间的信心暂时丧失。

On the side of traders and crypto whales, the tone is quite different. According to some analysts, buyers will soon be in competition, leading to bidding wars. Others go further by estimating that the value of Ethereum could reach between $8,000 and $10,000. This represents a 64% increase compared to its ATH of 2021.

在交易者和加密鲸方面，音调大不相同。据一些分析师称，买家很快就会参加比赛，导致竞标战争。其他人则估计以太坊的价值可能达到8,000至10,000美元之间。与2021年的ATH相比，这增加了64％。

However, not everyone shares this optimism. Daan Crypto Trades points out, for example, that ETH is at its lowest against BTC in five years. According to him, a return to highs seems unlikely in the short term.

但是，并不是每个人都分享这种乐观。 Daan Crypto交易指出，例如，ETH在五年内对BTC处于最低状态。据他说，在短期内，回到高点似乎不太可能。

Between accumulation, potential supply shock, and declining liquidity, Ethereum could very well surprise to the upside. The market remains, however, volatile. Thus, caution is advised for any crypto investor, especially in light of the collapse of on-chain activity threatening Ethereum.

在积累，潜在的供应冲击和流动性下降之间，以太坊可能会使上升空间感到惊讶。但是，市场仍然是动荡的。因此，建议任何加密投资者谨慎行事，尤其是鉴于威胁到以太坊的链活动的崩溃。

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My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals! )

我叫Ariela，我今年31岁。我已经在网络写作领域工作了7年。几年前，我才发现交易和加密货币，但这是一个引起我极大兴趣的宇宙。平台上涵盖的主题使我能够了解更多。在业余时间的一名歌手，我还培养了对音乐和阅读（以及动物！）的极大热情