3个指标表明以太坊价格下行趋势尚未结束

在现货以太坊交易所交易基金（ETF）获得批准后，以太坊价格曾上涨至3972美元。然而，过去一周内，以太坊表现不佳，下跌了10%，这导致交易员质疑其下行趋势是否已经结束。

After the approval of the spot ETA Exchange Trading Fund (ETF), the price rose to $3972. However, in the past week, ETA performed poorly and fell by 10 per cent, leading traders to question whether its downward trend was over.

具体来说，比特币的价格在同一时期下跌了6%，而加密货币的总市值下跌了5.3%。许多市场和技术指标表明，以太坊可能会经历更深层次的调整，然后再尝试复苏。

Specifically, Bitcoin prices fell by 6 per cent over the same period, while the total market value of encrypted currencies fell by 5.3 per cent, with many market and technical indicators suggesting that the Etherm may undergo deeper adjustments before attempting recovery.

1. ETH/BTC比率呈下降趋势

The ETH/BTC ratio shows a downward trend .

在过去七天里，以太坊下跌了10%，表现不及比特币和其他顶级Layer 1代币。BTC价格在过去一周下跌了5.5%，ETH/BTC比率从6月3日的0.055下跌5.21%至6月11日的0.0513，为5月20日以来的最低水平。

Over the past seven days, Ether has fallen by 10%, less than Bitcoin and other top Layer-1s. BTC prices have fallen by 5.5% over the past week, and the ETH/BTC ratio has fallen by 5.21% from 0.055 on 3 June to 0.0513 on 11 June, the lowest level since 20 May.

目前，ETH表现不佳的原因有很多，包括2024年比特币特有的因素。美国现货比特币ETF在很大程度上取得了成功，上周资本流入近20亿美元。此外，即将到来的CPI数据和FOMC会议关于降息的决定在过去几个月里引发了明显的市场调整，影响了包括以太坊在内的所有加密货币价格。

The US spot bitcoin ETF was largely successful, with capital inflows reaching nearly $2 billion last week. Moreover, the forthcoming CPI data and FOMC’s decision on interest-reductions have triggered significant market adjustments over the past few months, affecting all encrypted currency prices, including in Taiku.

2. 以太坊网络活动减少

2. Reduction of activities in the

在过去90天里，以太坊的网络活动有所下降。Glassnode的数据显示，以太坊网络上的每日活跃地址从3月20日的622,963个下降到6月10日的458,400个。仅在过去48小时内就下降了1.2%。

In the last 90 days, there has been a decline in Ether's network activity. Glasnode's data show that the daily active addresses on Ether's network fell from 622,963 on 20 March to 458,400 on 10 June. This has decreased by 1.2 per cent in the last 48 hours alone.

尽管以太坊仍然是Layer 1领域最强大的网络，但Solana最近在链上活动方面已经夺取了这一领域的市场份额。根据DappRadar的数据，以太坊的NFT数量在过去7天内下降了9%，至1.05亿。

Although Ether is still the most powerful network in Layer 1, Solana has recently taken a market share in the chain. According to DappRadar, the number of NFTs in Ether fell by 9% to 105 million in the last seven days.

链上活动的减少表明生态系统内对以太坊的需求减弱，从而压低了其价格。

The decline in chain activity indicates a weakening of demand for the Etherms within ecosystems, which in turn depresses their prices.

3. 以太坊上行面临强劲阻力

3. > >. >. . >.

以太坊最近的下跌导致其失去了3500美元需求区附近的关键支撑位，转而成为阻力位。过去的价格走势表明，该区域对ETH多头构成了顽固阻力。4月11日，以太坊跌破该水平，导致其跌幅达25%，至5月2日触及的2814美元低点。

As a result of the recent decline in Etheria, it lost its key support position near the US$ 3,500 demand area, turning into a resistance position. Past price trends suggest that the region is intransigent to ETH. On April 11, Ether was able to break that level, causing it to fall by 25 per cent, reaching a low of US$ 2814 on May 2.

IntoTheBlock的数据强化了这一阻力区的重要性。其价内价外（IOMAP）模型显示，该区域位于3476美元至3577美元的价格范围内，此前约有260万个地址购买了约108万个ETH。

The Into TheBlock data reinforce the importance of this resistance zone. The IOMP model shows that the region is within the range of $3476 to $3577, after about 2.6 million addresses were purchased for about 1.08 million ETHs.

如果短期内该阻力位出现大量卖家活动，以太坊的价格预计会进一步下跌。

In the short term, it is expected that a further decline in the price of the Taiwan will be expected if a large number of sellers are involved in this resistance position.

市场格局预示着持续的下跌趋势

The market pattern of

在5月27日达到3973美元的六周高点后，ETH价格回落，因为空头获利了结，加密货币市场整体出现回调。此后，价格已下跌12%，至目前的3511美元。尽管有所回升，但日线图上仍可见一根长长的看跌蜡烛，暗示了下行趋势的强度。

After reaching a six-week high of $3973 on 27 May, the ETH price fell, because of the profit of the void and the overall reversal of the crypto-currency market. Since then, prices have fallen by 12 per cent, to the current $3511.

以太坊多头正指望3400美元的心理价位立即获得支撑。日线收盘价低于这一水平将表明多头无力守住这一水平，预计价格将跌至2840美元。这一走势意味着价格较当前水平下跌18%。

This trend means that prices are down by 18% from the current level.