TLDR：以太坊（ETH）继续向下压力，因为它的交易接近最低水平

以太坊（ETH）是世界第二大加密货币，随着自2023年底以来其最低水平的交易，它继续面对向下压力。

Ethereum price hovered near its lowest point since late 2023 on Monday, continuing to face strong selling pressure.

以太坊价格徘徊在周一自2023年底以来的最低点接近其最低点，继续面临巨大的销售压力。

The digital asset struggled to regain momentum after losing more than 57% of its value since December 2024. It is currently trading at $1,904 below the key $2,000 resistance.

自2024年12月以来，数字资产损失了其价值的57％以上，因此努力恢复势头。目前，它的交易价格低于关键$ 2,000的抵抗力的1,904美元。

This price point becomes critical for bulls who hope to reverse the extended downtrend.

对于希望扭转扩展的下降趋势的公牛来说，这个价格点变得至关重要。

But on-chain data from Balancer unveiled a different story with large investors, commonly known as “whales,” transferring over 130,000 ETH from exchanges in the past week alone.

但是，来自Balancer的链链数据向大型投资者（通常称为鲸鱼）推出了一个不同的故事，仅在过去一周中，就从交易所转移了130,000多个ETH。

This behavior usually signals accumulation rather than selling intentions.

这种行为通常表示积累而不是出售意图。

When whales move their ETH from exchanges to private wallets, they typically plan to hold these coins for the long term. This pattern has been developing since Ethereum began trending downward.

当鲸鱼将其ETH从交易所转移到私人钱包时，他们通常计划长期持有这些硬币。自以太坊开始向下趋势以来，这种模式一直在发展。

Historical data suggests that large whale accumulations often precede significant market rebounds. However, ETH must still overcome major resistance levels before any trend reversal can be confirmed.

历史数据表明，大量鲸鱼的积累通常是在大量市场篮板之前进行的。但是，在确认任何趋势逆转之前，ETH仍然必须克服主要的抵抗水平。

The exchange reserve chart shows ETH held on exchanges has declined to multi-year lows, around 18.8 million tokens.

交易储备图显示，ETH在交易所举行的ETH已降低到多年低点，约有1,880万个令牌。

This decrease in exchange reserves indicates that more investors are moving their ETH to self-custody or staking solutions. Lower exchange reserves generally mean less ETH is available for immediate selling.

交换储备中的这种减少表明，越来越多的投资者将其ETH转移到自我顾客或积分解决方案上。较低的交换储量通常意味着可以立即销售的ETH较少。

This supply reduction could potentially support price stability once selling pressure fades.

一旦销售压力逐渐消失，这种供应减少可能会支持价格稳定。

Technical analysis of ETH’s daily chart shows the 200-day moving average is around $2,900, indicating strong bearish sentiment as the price is still far from reaching this technical indicator.

ETH每日图表的技术分析显示，200天移动平均线约为2,900美元，这表明浓烈的看跌情绪，因为价格还远远没有达到此技术指标。

On the 4-hour chart, ETH has broken out of a descending wedge pattern, which could signal a potential trend reversal if buyers step in with enough strength to push the price higher.

在4小时的图表上，ETH脱离了下降的楔形模式，如果买家以足够的力量介入以提高价格，这可能表明潜在的趋势逆转。

The Relative Strength Index (RSI) shows oversold conditions on the daily timeframe, suggesting a short-term bounce might occur in the coming days as sellers become exhausted at lower levels.

相对强度指数（RSI）显示了日常时间表上的过多条件，这表明随着卖方在较低水平的疲惫状态，可能会发生短期反弹。

Standard Chartered has recently adjusted its outlook on Ethereum. In a report on Monday, the bank slashed its year-end 2025 price target for ETH from $10,000 to $4,000.

标准包机最近调整了其对以太坊的前景。在周一的一份报告中，该银行将ETH年底的2025年目标目标从10,000美元降至4,000美元。

Standard Chartered cited structural issues affecting Ethereum’s growth. The bank noted that Layer 2 blockchains, which were designed to improve Ethereum’s scalability, may have unintentionally reduced ETH’s market capitalization.

标准特许引用了影响以太坊增长的结构性问题。该银行指出，旨在提高以太坊可伸缩性的第2层区块链可能无意间减少了ETH的市值。

For instance, Coinbase’s Layer 2 solution, Base, has reportedly reduced Ethereum’s market cap by approximately $50 billion. Analysts expect this trend to continue unless the Ethereum Foundation makes proactive changes to its commercial direction.

例如，据报道，Coinbase的第2层解决方案已将以太坊的市值减少了约500亿美元。分析师希望这种趋势将继续，除非以太坊基金会对其商业方向进行主动更改。

While Standard Chartered still expects ETH to recover from current levels, they predict it will continue to underperform compared to Bitcoin (BTC). The bank forecasts the ETH/BTC ratio to decline to 0.015 by the end of 2027, reaching its lowest level since 2017.

尽管Chartered Charter仍然期望ETH从当前水平中恢复，但他们预计与比特币（BTC）相比，它的表现将继续不足。该银行预测，到2027年底，ETH/BTC的比率下降到0.015，达到了自2017年以来的最低水平。

For a bullish outlook on Ethereum to be realized, bulls must quickly reclaim the $2,000 level. A sustained move above this resistance could set the stage for a rally toward higher levels, potentially testing the $2,200-$2,400 range in the upcoming weeks.

为了实现对以太坊的看法，公牛必须迅速恢复2,000美元的水平。超过这种阻力的持续移动可能会使集会朝着更高的水平奠定基础，并可能在接下来的几周内测试2,200-2,400美元的范围。

However, if ETH loses current support levels, the next major liquidity zone lies around $1,600. A breakdown below $1,750 might trigger further selloffs, extending the bearish phase and delaying any signs of recovery.

但是，如果ETH失去当前支持水平，下一个主要的流动性区约为1,600美元。低于$ 1,750的故障可能会触发进一步的抛售，扩大看跌阶段并延迟任何恢复迹象。