一个量子已经揭示了以太坊（ETH）在这个指标上如何看待死亡十字架。

在一个加密的Quicktake帖子中，一位分析师分享了以太坊资金率的图表。

A quant has revealed how Ethereum (ETH) saw a death cross in this indicator shortly before bearish momentum took the asset in full force.

一个量子已经揭示了以太坊（ETH）如何在看跌势头全力以赴之前不久就看到了这个指标中的死亡十字。

Ethereum Formed A Death Cross In Funding Rates Earlier

以太坊较早地形成了一个死亡十字架

In a CryptoQuant Quicktake post, an analyst has shared a chart for the Funding Rates of Ethereum. The “Funding Rates” refers to a metric that keeps track of the amount of periodic fee that traders on the derivatives market are exchanging with each other now.

在一个加密的Quicktake帖子中，一位分析师分享了以太坊资金率的图表。 “资金率”是指一个指标，该指标可以跟踪衍生品市场上交易者现在彼此交换的周期性费用。

When the value of this indicator is positive, it means the long contract holders are paying a premium to the short investors in order to hold onto their positions. Such a trend suggests a bullish sentiment is shared by the majority of the derivatives traders.

当该指标的价值为正时，这意味着长合同持有人正在向短投资者支付溢价，以保持其职位。这样的趋势表明，大多数衍生品交易者都分享了看涨的情绪。

On the other hand, the metric being under the zero mark implies a bearish mentality is dominant in the sector, as short holders are overwhelming the long ones.

另一方面，在零商标之下的度量意味着看跌的心态在该行业中占主导地位，因为短持有人压倒了长长的心态。

Now, here is the chart for the Ethereum Funding Rates posted by the quant, which shows the trend in the 50-day and 200-day simple moving averages (SMAs) of the indicator over the last couple of years:

现在，这是量化量发布的以太坊资金率的图表，该图显示了过去几年中指标的50天和200天简单移动平均（SMA）的趋势：

As displayed in the above graph, the 50-day SMA of the Ethereum Funding Rates crossed under the 200-day SMA in January of this year. This suggests that the optimism in the market witnessed a shift.

如上图所示，以太坊资金率的50天SMA在今年1月的200天SMA下越过。这表明市场上的乐观情绪见证了转变。

From the graph, it’s visible that since the crossover in the two SMAs of the indicator emerged, the ETH price has been sharply moving down. The trend isn’t unique to the asset, as the wider cryptocurrency sector has also seen a similar pattern, with investors becoming risk-averse.

从图表中可以看出，自从指标的两个SMA中出现了交叉，ETH价格就已经急剧下降。由于更广泛的加密货币部门也看到了类似的模式，因此投资者变得规避风险，因此这种趋势并不是资产的独特之处。

In the first half of last year, the Funding Rates observed the same type of crossover, and then, the Ethereum price followed up with a period of bearish action.

在去年上半年，资金率观察到了相同类型的跨界车，然后以太坊价格随之而来。

It wasn’t until the reverse crossover happened, with the 50-day SMA finding a break above the 200-day SMA, that bullish momentum returned in the cryptocurrency market. The same pattern was also seen back in 2023.

直到相反的跨界发生时，50天的SMA发现了超过200天的SMA的突破，看涨的动力在加密货币市场中恢复了。在2023年也可以看到相同的模式。

It’s possible that for constructive price action to return for Ethereum and other assets, a bullish crossover in the Funding Rates may once again have to take place. “When the speculators return and start using their greedy leverage, the crypto bull market will begin,” notes the analyst.

建设性的价格行动可能会返回以太坊和其他资产，资金率的看涨跨界可能再次发生。分析师指出：“当投机者返回并开始使用贪婪的杠杆作用时，加密牛市将开始。”

When this would happen, however, is anyone’s guess, as the 50-day and 200-day SMAs of the indicator are currently quite far apart. In 2024, the lines took many months before they crossed back, so it’s possible that it will take some time for the crossover to occur now as well.

但是，当这种情况发生时，任何人都可以猜测，因为指标的50天和200天SMA目前相距甚远。在2024年，线路花了数月的时间才能越过，因此现在也可能需要一些时间才能发生。

ETH Price

ETH价格

Ethereum is moving to end the month of March on a red note as its price has seen a decline of 14% over the past week, rendering a return of 36% year-to-date. At the time of writing, trades for ETH are at $1,804.

以太坊（Ethereum）正在以红色钞票的身份移动到3月的结束，因为其价格在过去一周中下降了14％，从而使36％的回报年至今。在写作时，ETH的交易为1,804美元。