<h2><strong>关键要点</strong></h2>
<p><em>以太坊当前的上涨路径得到了交易所资金流出的支持。在 4200 美元到 4400 美元之间存在大量清算集群，这意味着短期内可能会出现波动，且在持续突破之前可能会加剧。</em></p>
<hr/>
<p>以太坊 [ETH] 的交易所余额已降至九年来的低点，只有 1488 万 ETH，且在短短一周内几乎有 20 亿美元的代币被提取。</p>
<p>这一急剧下降突显了积累的明显趋势，因为投资者减少了对交易所的暴露，增强了自我保管的立场。</p>
<p>历史上，交易所余额下降通常会减少卖压，往往为看涨反弹创造有利条件。</p>
<p>因此，目前的资金流出势头可能为以太坊下一次显著上涨奠定基础，增强了其突破关键阻力位的潜在长期推动力。</p>
<h2>在 5000 美元之前的回调？</h2>
<p>截至发稿时，以太坊的交易价格约为 4253 美元，经历了 6% 的日内下跌，显示出在最近上涨至 4783 美元后出现降温迹象。</p>
<p>价格走势指向可能回调至 4000 美元支撑区，然后再尝试重新测试 5000 美元水平。</p>
<p>短期修正通常会在更强劲的上涨之前出现，尤其是在更广泛的指标与积累趋势一致时。</p>
<p>方向性运动指数（DMI）增强了这一前景。</p>
<p>ADX 为 46.42，确认了强劲的持续趋势，而 +DI 为 30.97，远高于–DI 的 15.47，反映出看涨动能仍然超过看跌压力。</p>
<p>然而，短期内回调仍然可能，捍卫 4000 美元对维持以太坊向更高阻力位的路径至关重要。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/ETHUSD_2025-08-18_10-20-14.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/2025/08/ETHUSD_2025-08-18_10-20-14.png"/></p>
<p>来源：TradingView</p>
<h2><strong>以太坊交易者如何定位自己？</strong></h2>
<p>来自 Binance 的衍生品数据显示，截至发稿时，多头账户占主导地位，比例为 64.36%，而空头头寸为 35.64%。</p>
<p>1.81 的多空比反映出交易者之间强烈的看涨偏好，他们预期进一步上涨。</p>
<p>这种定位表明，尽管短期波动，交易者对以太坊最终将重新回归上涨轨迹充满信心。</p>
<p>然而，这种激进的多头定位也可能在价格进一步下跌时放大风险，可能触发大规模清算。</p>
<p>市场参与者应仔细监控杠杆暴露，因为定位不平衡往往在高度波动的情况下加剧反弹和修正。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-18-102753.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/2025/08/Screenshot-2025-08-18-102753.png"/></p>
<p>来源：CoinGlass</p>
<h2><strong>以太坊在社交媒体上的关注度上升</strong></h2>
<p>以太坊的社交主导性已上升至 10.16%，最近几周早期峰值超过 17%。</p>
<p>这种关注度的上升反映了零售和机构参与者之间讨论的增加，标志着市场兴趣的提升。</p>
<p>更高的社交主导性通常伴随着关键价格拐点，表明情绪在 ETH 的轨迹中扮演着越来越重要的角色。然而，单靠社交炒作并不能保证可持续增长。</p>
<p>虽然更强的可见性增强了投资者信心，但以太坊仍需要技术确认和持续的积累趋势，以充分验证其长期看涨前景。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-ETH-10.31.42-18-Aug-2025.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/2025/08/Ethereum-ETH-10.31.42-18-Aug-2025.png"/></p>
<p>来源：Santiment</p>
<h2><strong>清算集群揭示了什么？</strong></h2>
<p>Binance ETH/USDT 清算热图突显了 4200 美元到 4400 美元之间的重清算区域，这些水平最近活动增加。</p>
<p>这些集群显示了杠杆头寸最脆弱的地方，如果价格再次测试这些水平，可能会引发剧烈波动。</p>
<p>因此，成功清除该区域可能会触发向 5000 美元的重新上涨动能。然而，反复拒绝可能在短期内施加进一步的下行压力。</p>
<p>因此，交易者应保持警惕，因为由清算驱动的波动可能会加速以太坊的价格波动，超出典型的技术预期。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Binance-ETH_USDT-Liquidation-Heatmap24-hour-2025-08-18_10_32_27.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/2025/08/Binance-ETH_USDT-Liquidation-Heatmap24-hour-2025-08-18_10_32_27.png"/></p>
<p>来源：CoinGlass</p>
<h2><strong>以太坊能否维持向 5000 美元的动能？</strong></h2>
<p>以太坊的交易所资金流出、强劲的衍生品定位、上升的社交兴趣和清算动态都指向看涨能量的积累。</p>
<p>虽然短期内回测 4000 美元似乎可能，但整体结构仍支持突破反弹的可能性。</p>
<p>因此，如果以太坊维持积累趋势并清除关键阻力，通往 5000 美元的道路仍然触手可及。</p>

ETHE

<p>以太坊的价格前景显示出潜在的波动性，目前交易价格约为 4,253 美元，可能会回调至 4,000 美元的支撑区间，然后再尝试重新测试 5,000 美元。交易所的资金流出已达到九年来的低点，表明市场正在积累并减少卖压，这可能支持看涨的反弹。衍生品数据显示交易者中存在强烈的看涨偏好，而社交媒体兴趣的上升反映出市场关注度的增加。在 4,200 美元到 4,400 美元之间的清算集群可能导致价格剧烈波动，但总体趋势如果突破关键阻力位，则有可能向 5,000 美元突破</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>关键要点</strong></h2>
</div><p><em>Ethereum’s current path higher is backed by exchange outflows. Heavy liquidation clusters between $4,200 and $4,400 mean short-term volatility, which could intensify before a sustained breakout.</em></p>
<div class="lb-trans"><p><em>以太坊当前的上涨路径得到了交易所资金流出的支持。在 4200 美元到 4400 美元之间存在大量清算集群，这意味着短期内可能会出现波动，且在持续突破之前可能会加剧。</em></p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Ethereum [ETH] exchange balances have dropped to a nine-year low of 14.88 million ETH, with nearly $2 billion worth of tokens withdrawn in just one week.</p>
<div class="lb-trans"><p>以太坊 [ETH] 的交易所余额已降至九年来的低点，只有 1488 万 ETH，且在短短一周内几乎有 20 亿美元的代币被提取。</p>
</div><p>This sharp decline highlights a clear trend of accumulation, as investors reduce their exposure to exchanges and strengthen self-custody positions.</p>
<div class="lb-trans"><p>这一急剧下降突显了积累的明显趋势，因为投资者减少了对交易所的暴露，增强了自我保管的立场。</p>
</div><p>Historically, falling exchange balances have reduced selling pressure, often creating favorable conditions for bullish rallies.</p>
<div class="lb-trans"><p>历史上，交易所余额下降通常会减少卖压，往往为看涨反弹创造有利条件。</p>
</div><p>Therefore, the current outflow momentum may be laying the groundwork for Ethereum’s next significant leg upward, strengthening the case for a potential long-term push beyond key resistance levels.</p>
<div class="lb-trans"><p>因此，目前的资金流出势头可能为以太坊下一次显著上涨奠定基础，增强了其突破关键阻力位的潜在长期推动力。</p>
</div><h2>A pullback before $5K?</h2>
<div class="lb-trans"><h2>在 5000 美元之前的回调？</h2>
</div><p>At press time, Ethereum was trading around $4,253 after a 6% intraday drop, showing signs of cooling following its recent rally to $4,783.</p>
<div class="lb-trans"><p>截至发稿时，以太坊的交易价格约为 4253 美元，经历了 6% 的日内下跌，显示出在最近上涨至 4783 美元后出现降温迹象。</p>
</div><p>The price movement pointed to a possible pullback to the $4,000 support zone before another attempt to retest the $5,000 level.</p>
<div class="lb-trans"><p>价格走势指向可能回调至 4000 美元支撑区，然后再尝试重新测试 5000 美元水平。</p>
</div><p>Short-term corrections often precede stronger upswings, especially when broader metrics align with accumulation trends.</p>
<div class="lb-trans"><p>短期修正通常会在更强劲的上涨之前出现，尤其是在更广泛的指标与积累趋势一致时。</p>
</div><p>The Directional Movement Index (DMI) strengthened this outlook.</p>
<div class="lb-trans"><p>方向性运动指数（DMI）增强了这一前景。</p>
</div><p>The ADX at 46.42 confirmed a strong ongoing trend, while +DI at 30.97 stayed well above –DI at 15.47, reflecting that bullish momentum still outweighed bearish pressure.</p>
<div class="lb-trans"><p>ADX 为 46.42，确认了强劲的持续趋势，而 +DI 为 30.97，远高于–DI 的 15.47，反映出看涨动能仍然超过看跌压力。</p>
</div><p>However, a short-term correction remained likely, and defending $4,000 is crucial to sustain Ethereum’s path toward higher resistance.</p>
<div class="lb-trans"><p>然而，短期内回调仍然可能，捍卫 4000 美元对维持以太坊向更高阻力位的路径至关重要。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/ETHUSD_2025-08-18_10-20-14.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/ETHUSD_2025-08-18_10-20-14.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>来源：TradingView</p>
</div><h2><strong>How are Ethereum traders positioning themselves?</strong></h2>
<div class="lb-trans"><h2><strong>以太坊交易者如何定位自己？</strong></h2>
</div><p>Derivatives data from Binance showed that long accounts dominated at the time of writing, with 64.36% compared to 35.64% short positions.</p>
<div class="lb-trans"><p>来自 Binance 的衍生品数据显示，截至发稿时，多头账户占主导地位，比例为 64.36%，而空头头寸为 35.64%。</p>
</div><p>The Long/Short Ratio of 1.81 reflected strong bullish bias among traders, who anticipated further upside.</p>
<div class="lb-trans"><p>1.81 的多空比反映出交易者之间强烈的看涨偏好，他们预期进一步上涨。</p>
</div><p>This positioning suggested confidence that Ethereum will eventually reclaim its upward trajectory despite short-term volatility.</p>
<div class="lb-trans"><p>这种定位表明，尽管短期波动，交易者对以太坊最终将重新回归上涨轨迹充满信心。</p>
</div><p>However, such aggressive long positioning can also amplify risk if price drops further, potentially triggering large liquidations.</p>
<div class="lb-trans"><p>然而，这种激进的多头定位也可能在价格进一步下跌时放大风险，可能触发大规模清算。</p>
</div><p>Market participants should carefully monitor leverage exposure, as imbalances in positioning often intensify both rallies and corrections in highly volatile conditions.</p>
<div class="lb-trans"><p>市场参与者应仔细监控杠杆暴露，因为定位不平衡往往在高度波动的情况下加剧反弹和修正。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-18-102753.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/Screenshot-2025-08-18-102753.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><h2><strong>Ethereum’s rising attention across social media</strong></h2>
<div class="lb-trans"><h2><strong>以太坊在社交媒体上的关注度上升</strong></h2>
</div><p>Ethereum’s Social Dominance has climbed to 10.16%, with earlier spikes exceeding 17% in recent weeks.</p>
<div class="lb-trans"><p>以太坊的社交主导性已上升至 10.16%，最近几周早期峰值超过 17%。</p>
</div><p>This rising attention reflected increasing discussions among retail and institutional participants, signaling a heightened level of market interest.</p>
<div class="lb-trans"><p>这种关注度的上升反映了零售和机构参与者之间讨论的增加，标志着市场兴趣的提升。</p>
</div><p>Higher social dominance often accompanies key price inflection points, suggesting sentiment is playing a growing role in ETH’s trajectory. However, social hype alone does not guarantee sustainable growth.</p>
<div class="lb-trans"><p>更高的社交主导性通常伴随着关键价格拐点，表明情绪在 ETH 的轨迹中扮演着越来越重要的角色。然而，单靠社交炒作并不能保证可持续增长。</p>
</div><p>While stronger visibility bolsters investor confidence, Ethereum still requires technical confirmation and continued accumulation trends to fully validate its long-term bullish outlook.</p>
<div class="lb-trans"><p>虽然更强的可见性增强了投资者信心，但以太坊仍需要技术确认和持续的积累趋势，以充分验证其长期看涨前景。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-ETH-10.31.42-18-Aug-2025.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-ETH-10.31.42-18-Aug-2025.png"/></p>
<p>Source: Santiment</p>
<div class="lb-trans"><p>来源：Santiment</p>
</div><h2><strong>What do liquidation clusters reveal?</strong></h2>
<div class="lb-trans"><h2><strong>清算集群揭示了什么？</strong></h2>
</div><p>The Binance ETH/USDT liquidation heatmap highlights heavy liquidation zones between $4,200 and $4,400, levels that have recently seen increased activity.</p>
<div class="lb-trans"><p>Binance ETH/USDT 清算热图突显了 4200 美元到 4400 美元之间的重清算区域，这些水平最近活动增加。</p>
</div><p>These clusters show where leveraged positions are most vulnerable, potentially fueling sharp volatility if price tests those levels again.</p>
<div class="lb-trans"><p>这些集群显示了杠杆头寸最脆弱的地方，如果价格再次测试这些水平，可能会引发剧烈波动。</p>
</div><p>Therefore, clearing this zone successfully could trigger renewed upside momentum toward $5,000. However, repeated rejections may drive further downside pressure in the short term.</p>
<div class="lb-trans"><p>因此，成功清除该区域可能会触发向 5000 美元的重新上涨动能。然而，反复拒绝可能在短期内施加进一步的下行压力。</p>
</div><p>As a result, traders should remain vigilant, since liquidation-driven moves can accelerate Ethereum’s price swings beyond typical technical expectations.</p>
<div class="lb-trans"><p>因此，交易者应保持警惕，因为由清算驱动的波动可能会加速以太坊的价格波动，超出典型的技术预期。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Binance-ETH_USDT-Liquidation-Heatmap24-hour-2025-08-18_10_32_27.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/Binance-ETH_USDT-Liquidation-Heatmap24-hour-2025-08-18_10_32_27.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><h2><strong>Can Ethereum sustain momentum toward $5K?</strong></h2>
<div class="lb-trans"><h2><strong>以太坊能否维持向 5000 美元的动能？</strong></h2>
</div><p>Ethereum’s exchange outflows, strong derivatives positioning, rising social interest, and liquidation dynamics all point toward a buildup of bullish energy.</p>
<div class="lb-trans"><p>以太坊的交易所资金流出、强劲的衍生品定位、上升的社交兴趣和清算动态都指向看涨能量的积累。</p>
</div><p>While a retest of $4,000 appears likely in the short term, the overall structure still supports the possibility of a breakout rally.</p>
<div class="lb-trans"><p>虽然短期内回测 4000 美元似乎可能，但整体结构仍支持突破反弹的可能性。</p>
</div><p>Therefore, if Ethereum maintains accumulation trends and clears key resistance, the road toward $5,000 remains well within reach.</p>
<div class="lb-trans"><p>因此，如果以太坊维持积累趋势并清除关键阻力，通往 5000 美元的道路仍然触手可及。</p>
</div>

以太坊的价格展望：ETH 能否突破 4000 美元的支撑位？