以太坊ETF的粗糙斑块

最近几周，以太坊市场面临着越来越大的压力

The Ethereum (CRYPTO: ETH) market has faced mounting pressure in recent weeks, with its spot exchange-traded funds (ETFs) reporting a historic losing streak. Over the past 12 consecutive trading days, Ethereum ETFs have collectively shed $370 million in assets. This marks the longest period of outflows since these funds first began trading.

以太坊（Crypto：ETH）市场最近几周面临着越来越大的压力，其现货交换资金（ETF）报告了历史性的损失。在过去的12个交易日中，以太坊ETF共同筹集了3.7亿美元的资产。这是自这些基金首次开始交易以来的最长流出时期。

As the selling pressure intensifies, analysts are debating whether the world’s second-largest cryptocurrency can recover or if further downside is imminent. This article delves into the recent Ethereum ETF outflows, the broader market conditions, and potential catalysts for a turnaround.

随着销售压力的加剧，分析师正在辩论世界上第二大加密货币是否可以恢复，或者是否进一步降低了下降。本文深入研究了最近的以太坊ETF流出，更广泛的市场状况以及周转的潜在催化剂。

Prolonged Selling Pressure On Ethereum ETFs

延长以太坊ETF的销售压力

The outflows from Ethereum ETFs have been led by two major funds:

以太坊ETF的流出由两个主要基金领导：

* The ETC Group's Physical Ethereum, which is listed on the Deutsche Boerse exchange, reported outflows of $254 million.

*在德意志布尔斯交易所（Deutsche Boerse Exchange）上列出的ETC集团的物理以太坊报告说，流出了2.54亿美元。

* The iShares Trust Preferred ETF (NYSE:IVR)’, which trades on the New York Stock Exchange, reported outflows of $116 million.

*在纽约证券交易所进行交易的Ishares Trust Preferred ETF（NYSE：IVR）'报告说，流出量为1.16亿美元。

These funds, among the largest institutional vehicles for Ethereum investment, have been hit particularly hard by the current market downturn. The combined outflows from these two ETFs alone account for more than 68% of the total $370 million withdrawn from Ethereum ETFs in recent weeks.

这些资金是以太坊投资最大的机构工具之一，当前的市场低迷遭受了巨大的打击。仅此两种ETF的总流出量占最近几周从以太坊ETF中撤回的总计3.7亿美元的68％以上。

Investors have been quickly pulling capital out of the Ethereum-based products, reflecting broader concerns about the cryptocurrency's speed, efficiency, and scalability relative to newer blockchain networks.

投资者一直在迅速将资本从基于以太坊的产品中撤出，这反映了对加密货币的速度，效率和可扩展性相对于新的区块链网络的广泛担忧。

This is not just an isolated event with Ethereum—many crypto and risk-on assets have suffered declines in the face of macroeconomic uncertainties. A combination of inflation concerns, Federal Reserve policies, and slowing economic growth has prompted investors to reduce exposure to volatile assets, including cryptocurrencies.

这不仅是与以太坊的孤立事件，而且面对宏观经济的不确定性，许多加密和风险支出资产遭受了下降。通货膨胀问题，美联储政策和经济增长放缓的结合促使投资者减少对包括加密货币在内的挥发性资产的敞口。

What's Next For Ethereum?

以太坊的下一步是什么？

Several factors could contribute to a recovery in the coming months:

在接下来的几个月中，有几个因素可能导致恢复：

1. Institutional Adoption And Staking Growth

1。机构采用和积累增长

Despite ETF outflows, Ethereum remains a preferred blockchain for decentralized finance (DeFi), non-fungible tokens (NFTs), and enterprise applications. Increased institutional interest in Ethereum staking could provide long-term price support.

尽管ETF流出了，但以太坊仍然是分散融资（DEFI），无牙代币（NFTS）和企业应用的首选区块链。以太坊积分中的机构兴趣增加可以提供长期的价格支持。

Ethereum's proof-of-stake (PoS) mechanism offers investors an opportunity to earn rewards through staking, making it an attractive long-term investment. As Ethereum's staking participation grows, it could help stabilize the network and create upward price pressure.

以太坊的验证证明（POS）机制为投资者提供了通过Staking获得奖励的机会，使其成为有吸引力的长期投资。随着以太坊的积分参与的增长，它可以帮助稳定网络并产生向上的价格压力。

2. Layer 2 Scaling Solutions Could Reduce Fees

2。第2层缩放解决方案可以减少费用

The Ethereum network has been actively working on Layer 2 scaling solutions such as Arbitrum (NYSE:ARTR), Optimism, and zk-Rollups. These technologies aim to improve Ethereum's transaction speed and reduce fees, making it more competitive with faster blockchain networks.

以太坊网络一直在第2层缩放解决方案（例如仲裁（NYSE：ARTR），乐观主义和ZK滚动）上积极工作。这些技术旨在提高以太坊的交易速度并降低费用，从而使其与更快的区块链网络更具竞争力。

As adoption of these Layer 2 solutions increases, Ethereum could regain its competitive advantage and attract new users and investors.

随着这些第2层解决方案的采用增加，以太坊可以恢复其竞争优势并吸引新的用户和投资者。

3. Potential Ethereum ETF Approval In The U.S.

3。在美国潜在的以太坊ETF批准

The approval of a Spot Ethereum ETF in the U.S. could be a game-changer. While the recent outflows are concerning, the launch of a fully regulated Ethereum ETF on major U.S. exchanges could unlock significant institutional capital.

在美国，现场以太坊ETF的批准可能是改变游戏规则的人。尽管最近的流出令人担忧，但对美国主要交易所进行了完全监管的以太坊ETF的推出可能会释放大量的机构资本。

If the U.S. Securities and Exchange Commission (SEC) approves an Ethereum ETF, it could drive demand similar to what was observed with Bitcoin (CRYPTO: BTC) ETFs, which saw a surge in inflows following regulatory approval.

如果美国证券交易委员会（SEC）批准了以太坊ETF，则可以推动与比特币（Crypto：BTC）ETF所观察到的需求，后者在监管批准后的流入率激增。

4. Broader Crypto Market Recovery

4。更广泛的加密市场恢复

Finally, Ethereum's fate is closely tied to Bitcoin and the broader cryptocurrency market. If Bitcoin recovers and leads a new bull run, Ethereum is likely to follow.

最后，以太坊的命运与比特币和更广泛的加密货币市场紧密相关。如果比特币恢复并带领新的公牛奔跑，那么以太坊可能会随之而来。

Historically, Bitcoin's rallies have provided upward momentum for altcoins, including Ethereum. Moreover, a shift in macroeconomic policies, such as interest rate cuts by the Federal Reserve, could drive renewed investor interest in cryptocurrencies.

从历史上看，比特币的集会为包括以太坊在内的Altcoins提供了向上的势头。此外，宏观经济政策的转变，例如美联储降低的利率，可能会引起重新投资者对加密货币的兴趣。

Ethereum: Technical Outlook And Key Levels

以太坊：技术前景和关键水平

Support Levels:

支持水平：

* Fibonacci support: The price action could find support at the 50% Fibonacci retracement level of $1,816.86.

*斐波那契支持：价格行动可以在50％的斐波那契回回头水平上找到1,816.86美元的支持。

* Round psychological level: The next support level to consider is the round psychological price point of $1,900.

*圆形心理水平：要考虑的下一个支持水平是$ 1,900的圆形心理价格点。

Resistance Levels:

电阻水平：

* Fibonacci resistance: The 61.8% Fibonacci retracement level, currently at $2,080.8, might act as resistance.

*斐波那契抵抗：61.8％的斐波那契回回率目前为2,080.8美元，可能是电阻。

* Previous support level: The recent support level of $2,200 could transform into resistance if the price fails to break above it.

*先前的支持水平：如果价格未能超过其，最近2200美元的支持水平可能会变成阻力。

Relative Strength Index (RSI): The RSI is currently in neutral territory, indicating that the asset is neither overbought nor oversold. However, the Moving Average Convergence Divergence (MACD) indicator suggests that bearish momentum remains strong in the short term.

相对强度指数（RSI）：RSI目前处于中性领土，表明资产既不是过分买卖的，也不是超卖的。但是，移动平均收敛差异（MACD）指标表明，短期内看跌动量仍然很强。

Conclusion: What's Next For Ethereum And Its ETFs?

结论：以太坊及其ETF的下一步是什么？

In conclusion, Ethereum is currently navigating one of its longest losing streaks in the ETF market, with outflows exceeding $370 million over 12 trading days. The combination of ETF redemptions, price declines, and macroeconomic challenges

总之，以太坊目前正在ETF市场中导航其最长的连胜纪录之一，在12个交易日中，外流超过3.7亿美元。 ETF赎回，价格下降和宏观经济挑战的结合