<ul>
<li><em>以太坊高级订单簿信号暗示了涨势的顶点。</em></li>
<li><em>ETH 可能处于熊市中，但让我们找找看。</em></li>
</ul>
<p>作为最大的另类币种，以太坊（ETH）由于其可扩展性和在区块链领域的广泛应用而继续吸引关注。</p>
<p>然而，以太坊在高时间框架上表现不佳已经超过五个月，引发了关于加密市场是否仍处于牛市阶段的疑问。</p>
<p>在 1 天的时间框架上，ETH 分析显示，现货订单簿深度的综合订单达到了 5 月份的峰值。</p>
<p>这一指标反映 passivelimit 订单（买单和卖单）的高点，通常预示着涨势的结束，随后是熊市趋势。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXzrEHdakAIl0eA.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXzrEHdakAIl0eA.jpg"/></p>
<p>来源：Hyblock Capital</p>
<p>历史数据支持了这一观点，显示 ETH 可能在 5 月结束的牛市中达到了顶峰，现在市场正处于整固阶段。</p>
<p>从那时起，ETH 一直横盘运行，没有明确的方向。但这是否表明了熊市？</p>
<h2><strong>ETH 是否处于熊市</strong></h2>
<p>观察 ETH 的价格走势表明可能处于熊市。自 6 月初以来，ETH/USDT 交易对一直呈下降趋势，在 8 月 5 日的市场崩盘期间突破了日线时间框架上的区间。</p>
<p>从那时起，它一直在努力恢复，表明可能处于熊市。然而，ETH 的价格蜡烛目前是绿色的，表明可能会从激烈的抛售中回撤至 3000 美元。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-77.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-77.png"/></p>
<p>来源：TradingView</p>
<p>价格可能会在 3000 美元左右停顿。如果 ETH 突破并保持在 3000 美元以上，可能会出现潜在的涨势。但如果未能突破并跌回该水平以下，熊市很可能会得到确认。</p>
<p>支持这一观点的是，Chaikin Money Flow 和相对强度指数（RSI）都呈现积极趋势，暗示着在 ETH 触及 3000 美元区域之前的牛市动能。</p>
<h2><strong>所有交易所的余额</strong></h2>
<p>此外，对交易所上 ETH 余额的深入研究引发了对潜在熊市的进一步担忧。</p>
<p>截至目前，过去三周已有超过 547,600 个 ETH 价值超过 15 亿美元转移到交易所。</p>
<p>这表明交易者可能正在获利或削减损失，这两者都是熊市指标。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXxf6o1WwAA-JaW.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXxf6o1WwAA-JaW.jpg"/></p>
<p>来源：Glassnode</p>
<p>当交易者将大量 ETH 转移到交易所时，通常表明有意出售，这可能会加剧价格下行压力。</p>
<h2><strong>BTC 和 ETH ETF 的流出持续</strong></h2>
<p>此外，以太坊和比特币 ETF 的流出也表明了熊市趋势。截至 2024 年 9 月 18 日，以太坊 ETF 的净流出为 980 万美元。</p>
<p>与此同时，比特币的流出为 5270 万美元，进一步加强了对更广泛市场下行的担忧。以太坊 ETF 持续经历流出，比特币 ETF 在四天的流入后转为净流出。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXz7EWsakAAxqzP.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXz7EWsakAAxqzP.jpg"/></p>
<p>来源：SpotOnChain</p>
<hr/>
<p>阅读以太坊（ETH）价格预测 2024–2025</p>
<hr/>
<p>特别是在重要市场阶段，这种行为表明可能存在熊市情绪或整固。</p>
<p>尽管目前尚不清楚我们是否正式进入熊市，但这些因素表明，除非市场条件发生 drastical 变化，否则以太坊的价格在短期内可能难以上涨。</p>

ETHE

<p>以太坊显示出潜在的熊市迹象，因为高订单簿表明其最近涨势达到顶峰。自 6 月以来，ETH/USDT 交易对一直呈下降趋势，大量以太坊转入交易所表明交易者正在获利了结。此外，以太坊 ETF 的负净流出也加强了熊市情绪。虽然当前价格走势显示出一些绿色蜡烛，但需要持续突破 2,000 美元以上才能确认涨势；否则，熊市可能即将来临</p>

<ul>
<li><em>Ethereum high order books signal rally’s peak.</em></li>
<li><em>ETH might be in a bear market but let’s find.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>以太坊高级订单簿信号暗示了涨势的顶点。</em></li>
<li><em>ETH 可能处于熊市中，但让我们找找看。</em></li>
</ul>
</div><p>Ethereum [ETH], the largest altcoin, continues to capture attention due to its scalability and widespread use in the blockchain space.</p>
<div class="lb-trans"><p>作为最大的另类币种，以太坊（ETH）由于其可扩展性和在区块链领域的广泛应用而继续吸引关注。</p>
</div><p>However, Ethereum has been underperforming on higher timeframes for over five months, raising questions about whether the crypto market is still in a bullish phase.</p>
<div class="lb-trans"><p>然而，以太坊在高时间框架上表现不佳已经超过五个月，引发了关于加密市场是否仍处于牛市阶段的疑问。</p>
</div><p>On the 1-day timeframe, ETH analysis shows that the Combined Books for spot order book depth hit their peak in May.</p>
<div class="lb-trans"><p>在 1 天的时间框架上，ETH 分析显示，现货订单簿深度的综合订单达到了 5 月份的峰值。</p>
</div><p>This metric, which reflects the highs in passive limit orders (bids and asks), often signals the end of a rally, followed by a bearish trend.</p>
<div class="lb-trans"><p>这一指标反映 passivelimit 订单（买单和卖单）的高点，通常预示着涨势的结束，随后是熊市趋势。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXzrEHdakAIl0eA.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/GXzrEHdakAIl0eA.jpg"/></p>
<p>Source: Hyblock Capital</p>
<div class="lb-trans"><p>来源：Hyblock Capital</p>
</div><p>Historical data supports this, showing that ETH may have peaked during the bull run that ended in May, now the market is in a consolidation phase.</p>
<div class="lb-trans"><p>历史数据支持了这一观点，显示 ETH 可能在 5 月结束的牛市中达到了顶峰，现在市场正处于整固阶段。</p>
</div><p>Since then, ETH has been moving sideways, with no clear direction. But does this indicate a bear market?</p>
<div class="lb-trans"><p>从那时起，ETH 一直横盘运行，没有明确的方向。但这是否表明了熊市？</p>
</div><h2><strong>Is ETH in a bear market</strong></h2>
<div class="lb-trans"><h2><strong>ETH 是否处于熊市</strong></h2>
</div><p>Looking at ETH’s price action suggests the possibility of a bear market. The ETH/USDT pair has been trending downwards since early June, breaking below its range on the daily timeframe during the market crash on August 5.</p>
<div class="lb-trans"><p>观察 ETH 的价格走势表明可能处于熊市。自 6 月初以来，ETH/USDT 交易对一直呈下降趋势，在 8 月 5 日的市场崩盘期间突破了日线时间框架上的区间。</p>
</div><p>Since then, it has struggled to recover, pointing to the potential for a bear market. However, ETH’s price candles are currently green, indicating a possible retracement towards $3000 from the aggressive sell-off.</p>
<div class="lb-trans"><p>从那时起，它一直在努力恢复，表明可能处于熊市。然而，ETH 的价格蜡烛目前是绿色的，表明可能会从激烈的抛售中回撤至 3000 美元。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-77.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/Screenshot-77.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>来源：TradingView</p>
</div><p>Price may stall around the $3,000 level. If ETH breaks and sustains above $3,000, a potential rally could follow.But if it fails and falls back below that level, the bear market will likely be confirmed.</p>
<div class="lb-trans"><p>价格可能会在 3000 美元左右停顿。如果 ETH 突破并保持在 3000 美元以上，可能会出现潜在的涨势。但如果未能突破并跌回该水平以下，熊市很可能会得到确认。</p>
</div><p>Supporting this, the Chaikin Money Flow and Relative Strength Index (RSI) are both trending positively, hinting at bullish momentum until ETH hits the $3,000 zone.</p>
<div class="lb-trans"><p>支持这一观点的是，Chaikin Money Flow 和相对强度指数（RSI）都呈现积极趋势，暗示着在 ETH 触及 3000 美元区域之前的牛市动能。</p>
</div><h2><strong>Balance on all exchanges</strong></h2>
<div class="lb-trans"><h2><strong>所有交易所的余额</strong></h2>
</div><p>Moreover, a deeper look at the balance of ETH on exchanges raises further concerns about a potential bear market.</p>
<div class="lb-trans"><p>此外，对交易所上 ETH 余额的深入研究引发了对潜在熊市的进一步担忧。</p>
</div><p>Over 547,600 ETH, worth more than $1.5B as at press time, have been transferred to exchanges in the past three weeks.</p>
<div class="lb-trans"><p>截至目前，过去三周已有超过 547,600 个 ETH 价值超过 15 亿美元转移到交易所。</p>
</div><p>This signals that traders may be taking profits or cutting their losses, both of which are bearish indicators.</p>
<div class="lb-trans"><p>这表明交易者可能正在获利或削减损失，这两者都是熊市指标。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXxf6o1WwAA-JaW.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/GXxf6o1WwAA-JaW.jpg"/></p>
<p>Source: Glassnode</p>
<div class="lb-trans"><p>来源：Glassnode</p>
</div><p>When traders move large amounts of ETH to exchanges, it usually indicates an intent to sell, which could contribute to downward price pressure.</p>
<div class="lb-trans"><p>当交易者将大量 ETH 转移到交易所时，通常表明有意出售，这可能会加剧价格下行压力。</p>
</div><h2><strong>BTC &amp; ETH ETF outflow continues</strong></h2>
<div class="lb-trans"><h2><strong>BTC 和 ETH ETF 的流出持续</strong></h2>
</div><p>Additionally, Ethereum and Bitcoin ETF outflows also suggest a bearish trend. The net flow for Ethereum ETFs turned negative, with outflows of $9.8 million as of September 18, 2024.</p>
<div class="lb-trans"><p>此外，以太坊和比特币 ETF 的流出也表明了熊市趋势。截至 2024 年 9 月 18 日，以太坊 ETF 的净流出为 980 万美元。</p>
</div><p>Meanwhile, Bitcoin saw $52.7M in outflows, further reinforcing concerns about a broader market downturn.Ethereum ETFs have experienced continued outflows, and Bitcoin ETFs have turned negative after four days of inflows.</p>
<div class="lb-trans"><p>与此同时，比特币的流出为 5270 万美元，进一步加强了对更广泛市场下行的担忧。以太坊 ETF 持续经历流出，比特币 ETF 在四天的流入后转为净流出。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2024/09/GXz7EWsakAAxqzP.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2024/09/GXz7EWsakAAxqzP.jpg"/></p>
<p>Source: SpotOnChain</p>
<hr/>
<div class="lb-trans"><p>来源：SpotOnChain</p>
<hr/>
</div><p>ReadEthereum’s [ETH] Price Prediction2024–2025</p>
<hr/>
<div class="lb-trans"><p>阅读以太坊（ETH）价格预测 2024–2025</p>
<hr/>
</div><p>This behavior, especially during significant market phases, points to possible bearish sentiment or consolidation.</p>
<div class="lb-trans"><p>特别是在重要市场阶段，这种行为表明可能存在熊市情绪或整固。</p>
</div><p>While it’s still unclear whether we are officially in a bear market, these factors suggest Ethereum’s price might struggle to move higher in the short term unless market conditions shift drastically.</p>
<div class="lb-trans"><p>尽管目前尚不清楚我们是否正式进入熊市，但这些因素表明，除非市场条件发生 drastical 变化，否则以太坊的价格在短期内可能难以上涨。</p>
</div>

以太坊是否正走向熊市？最新的订单簿趋势揭示了一些线索