<h2><strong>关键要点</strong></h2>
<h3><strong><em>以太坊在 $3,150 附近的表现如何影响价格走势？</em></strong></h3>
<p>以太坊捍卫积累区间，同时买家增加吸收，交易所储备下降，现货流出增强了看涨基础。</p>
<h3><strong><em>衍生品和多空行为揭示了什么关于 ETH?</em></strong></h3>
<p>顶级交易者增加了多头敞口，因为市场结构与日益上升的信心相一致，强化了潜在突破的预期。</p>
<hr/>
<p>以太坊 [ETH] 在经历了 10% 的日跌幅后，价格降至约 $3,155。截至发稿时，买家仍在捍卫 $3,097 和 $3,200 之间的需求区域。</p>
<p>成本基础热图确认在该区域附近获得了 253 万 ETH，这增强了其作为战略积累口袋的角色。</p>
<p>当市场接近这一水平时，买家迅速反应，因为该区域具有强大的历史意义。此外，最近的反弹尝试表明交易者继续吸收卖压。</p>
<p>这种稳定的积累表明大型持有者和散户参与者之间的信心。图表结构强化了 ETH 可能在需求进一步增加时准备反应的观点。</p>
<h2><strong>以太坊能否突破下降通道？</strong></h2>
<p>ETH 继续在下降通道内移动，但下边界与主要积累区完美对齐。</p>
<p>买家将这种组合视为高信念的设置，因为它将结构支撑与强大的历史需求结合在一起。</p>
<p>每次接近通道底部时，都会吸引快速买入，这种行为增强了潜在反转的理由。</p>
<p>此外，图表显示了一个预计的突破路径，首先瞄准 $3,659，然后是更高的水平。</p>
<p>该模式具有重要性，因为之前的通道退出创造了强劲的反弹。市场现在关注增加的交易量，这可能点燃一次干净的突破尝试。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/ETHUSD_2025-11-14_10-07-41.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/2025/11/ETHUSD_2025-11-14_10-07-41.png"/></p>
<p>来源：TradingView</p>
<h2><strong>交易所储备急剧下降！</strong></h2>
<p>截至发稿，交易所储备美元显示出显著的 9.75% 下降，揭示了交易平台上可用供应的明显减少。</p>
<p>当交易者预期价格上涨时，会将币从交易所中取出，因为外部钱包信号显示出更强的信念。这一趋势与 ETH 继续捍卫 $3,150 区域相一致，因为较低的储备减少了即时卖压的影响。</p>
<p>此外，供应的减少通常会增强买方需求的效果。目前储备的下降反映出市场更倾向于持有而非分发。</p>
<p>这种行为通常出现在积累阶段。储备与需求之间的对齐增强了看涨叙事。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Ethereum-Exchange-Reserve-USD-All-Exchanges-13.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/2025/11/Ethereum-Exchange-Reserve-USD-All-Exchanges-13.png"/></p>
<p>来源：CryptoQuant</p>
<h2><strong>大规模现货流出增强看涨叙事</strong></h2>
<p>现货市场流动表明持续的积累压力，ETH 在最新一轮中注册了显著的 $50.91 百万流出。</p>
<p>这种类型的提款通常表明对价格反弹的预期，强化了交易者战略性抄底的叙事。</p>
<p>此外，最近的图表显示出一系列持续的红色柱，表明卖出动能正在减弱。这种流出模式与过去市场阶段相似，曾在强劲反弹之前出现。</p>
<p>此外，时机与交易所储备的整体下降完美对齐。这在链上指标和价格结构中创造了统一的信号，支持积累而非分发。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-14-094056.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/2025/11/Screenshot-2025-11-14-094056.png"/></p>
<p>来源：CoinGlass</p>
<h2><strong>顶级交易者在 Binance 上继续积极做多</strong></h2>
<p>截至发稿，Binance 顶级交易者的定位显示 73.16% 的多头敞口与 26.84% 的空头敞口。这表明经验丰富的交易者中存在强烈的看涨情绪。</p>
<p>这一趋势仍然重要，因为顶级交易者对结构变化反应迅速。当他们预期从关键需求区反弹时，会增加多头敞口。</p>
<p>此外，日益上升的多空比与更强的现货流出和缩小的交易所储备相一致，形成了一个连贯的叙事。</p>
<p>这些交易者通常在突破前提前布局，他们的信念增强了上涨尝试的论据。市场参与者现在关注确认，以验证这种方向性偏见。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-14-101025.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/2025/11/Screenshot-2025-11-14-101025.png"/></p>
<p>来源：CoinGlass</p>
<p>总之，以太坊在多个主要指标上显示出强劲的需求，包括积累、流出、交易所储备和衍生品定位。</p>
<p>买家继续捍卫 $3,150 区域，而经验丰富的交易者增加了多头敞口。</p>
<p>这些信号增强了如果买入继续，可能反弹的论据。ETH 仍需从下降通道中干净突破，以确认动能。</p>
<p>然而，目前的结构有利于看涨延续，图表突显出向上压力的明确基础。</p>

ETHE

<p>以太坊在 $3,150 附近的价格行为对其下一次突破至关重要。买家在 $3,097 到 $3,200 之间的需求区间进行防守，显著的积累信号显示出信心。交易所储备减少，表明卖压减轻，而现货流出则暗示战略性抄底。币安的顶级交易者显示出强烈的多头头寸，进一步增强了看涨情绪。需要从下降通道中突破以确认动能，但当前指标倾向于看涨的延续</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>关键要点</strong></h2>
</div><h3><strong><em>How does Ethereum’s behavior around $3,150 shape price movements?</em></strong></h3>
<div class="lb-trans"><h3><strong><em>以太坊在 $3,150 附近的表现如何影响价格走势？</em></strong></h3>
</div><p>Ethereum defends the accumulation zone while buyers increase absorption, Exchange Reserves fall, and spot outflows strengthen the bullish foundation.</p>
<div class="lb-trans"><p>以太坊捍卫积累区间，同时买家增加吸收，交易所储备下降，现货流出增强了看涨基础。</p>
</div><h3><strong><em>What do derivatives and Long/Short behavior reveal about ETH?</em></strong></h3>
<div class="lb-trans"><h3><strong><em>衍生品和多空行为揭示了什么关于 ETH?</em></strong></h3>
</div><p>Top traders increase long exposure as market structure aligns with rising confidence, reinforcing expectations for a potential breakout.</p>
<div class="lb-trans"><p>顶级交易者增加了多头敞口，因为市场结构与日益上升的信心相一致，强化了潜在突破的预期。</p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Ethereum [ETH] dropped to about $3,155 after a 10% daily decline, at press time. Yet, buyers continue defending the demand area between $3,097 and $3,200.</p>
<div class="lb-trans"><p>以太坊 [ETH] 在经历了 10% 的日跌幅后，价格降至约 $3,155。截至发稿时，买家仍在捍卫 $3,097 和 $3,200 之间的需求区域。</p>
</div><p>The cost-basis heatmap confirms that 2.53 million ETH were acquired near this region, which strengthens its role as a strategic accumulation pocket.</p>
<div class="lb-trans"><p>成本基础热图确认在该区域附近获得了 253 万 ETH，这增强了其作为战略积累口袋的角色。</p>
</div><p>Buyers respond quickly when the market approaches this level because the zone holds strong historical significance. Moreover, the recent bounce attempts show that traders continue absorbing sell pressure.</p>
<div class="lb-trans"><p>当市场接近这一水平时，买家迅速反应，因为该区域具有强大的历史意义。此外，最近的反弹尝试表明交易者继续吸收卖压。</p>
</div><p>This steady accumulation signals confidence among both large holders and retail participants. The chart structure reinforces the idea that ETH may prepare for a reaction if demand increases further.</p>
<div class="lb-trans"><p>这种稳定的积累表明大型持有者和散户参与者之间的信心。图表结构强化了 ETH 可能在需求进一步增加时准备反应的观点。</p>
</div><h2><strong>Can Ethereum break free from the descending channel?</strong></h2>
<div class="lb-trans"><h2><strong>以太坊能否突破下降通道？</strong></h2>
</div><p>ETH continues moving inside a descending channel, yet the lower boundary aligns perfectly with the major accumulation zone.</p>
<div class="lb-trans"><p>ETH 继续在下降通道内移动，但下边界与主要积累区完美对齐。</p>
</div><p>Buyers treat this combination as a high-conviction setup because it merges structural support with strong historical demand.</p>
<div class="lb-trans"><p>买家将这种组合视为高信念的设置，因为它将结构支撑与强大的历史需求结合在一起。</p>
</div><p>Every approach toward the channel floor attracts quick buying, and this behavior strengthens the case for a potential reversal.</p>
<div class="lb-trans"><p>每次接近通道底部时，都会吸引快速买入，这种行为增强了潜在反转的理由。</p>
</div><p>Moreover, the chart shows a projected breakout path that targets $3,659 first before higher levels.</p>
<div class="lb-trans"><p>此外，图表显示了一个预计的突破路径，首先瞄准 $3,659，然后是更高的水平。</p>
</div><p>The pattern carries weight because previous channel exits created strong rallies. The market now watches for increasing volume that could ignite a clean breakout attempt.</p>
<div class="lb-trans"><p>该模式具有重要性，因为之前的通道退出创造了强劲的反弹。市场现在关注增加的交易量，这可能点燃一次干净的突破尝试。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/ETHUSD_2025-11-14_10-07-41.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/ETHUSD_2025-11-14_10-07-41.png"/></p>
<p>Source: TradingView</p>
<div class="lb-trans"><p>来源：TradingView</p>
</div><h2><strong>Exchange Reserves drop sharply!</strong></h2>
<div class="lb-trans"><h2><strong>交易所储备急剧下降！</strong></h2>
</div><p>Exchange Reserve USD shows a notable 9.75% decline, as of writing, which reveals a clear reduction in available supply on trading platforms.</p>
<div class="lb-trans"><p>截至发稿，交易所储备美元显示出显著的 9.75% 下降，揭示了交易平台上可用供应的明显减少。</p>
</div><p>Traders remove coins from exchanges when they expect higher prices because external wallets signal stronger conviction. This trend aligns with ETH’s continued defense of the $3,150 zone because lower reserves reduce immediate selling impact.</p>
<div class="lb-trans"><p>当交易者预期价格上涨时，会将币从交易所中取出，因为外部钱包信号显示出更强的信念。这一趋势与 ETH 继续捍卫 $3,150 区域相一致，因为较低的储备减少了即时卖压的影响。</p>
</div><p>Moreover, shrinking supply frequently enhances the effect of buyer demand. The current downturn in reserves reflects a market that prefers holding instead of distributing.</p>
<div class="lb-trans"><p>此外，供应的减少通常会增强买方需求的效果。目前储备的下降反映出市场更倾向于持有而非分发。</p>
</div><p>This type of behavior often appears during accumulation phases. The alignment between reserves and demand strengthens the bullish narrative.</p>
<div class="lb-trans"><p>这种行为通常出现在积累阶段。储备与需求之间的对齐增强了看涨叙事。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Ethereum-Exchange-Reserve-USD-All-Exchanges-13.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/Ethereum-Exchange-Reserve-USD-All-Exchanges-13.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>来源：CryptoQuant</p>
</div><h2><strong>Massive spot outflows amplify the bullish narrative</strong></h2>
<div class="lb-trans"><h2><strong>大规模现货流出增强看涨叙事</strong></h2>
</div><p>Spot market flows indicate sustained accumulation pressure, with ETH registering a significant $50.91 million outflow in the latest session.</p>
<div class="lb-trans"><p>现货市场流动表明持续的积累压力，ETH 在最新一轮中注册了显著的 $50.91 百万流出。</p>
</div><p>This type of withdrawal often signals expectations of a price rebound, reinforcing the narrative of strategic dip buying among traders.</p>
<div class="lb-trans"><p>这种类型的提款通常表明对价格反弹的预期，强化了交易者战略性抄底的叙事。</p>
</div><p>Additionally, recent charts show a series of consistent red bars, suggesting that selling momentum is weakening. This outflow pattern closely resembles past market phases that preceded strong recoveries.</p>
<div class="lb-trans"><p>此外，最近的图表显示出一系列持续的红色柱，表明卖出动能正在减弱。这种流出模式与过去市场阶段相似，曾在强劲反弹之前出现。</p>
</div><p>Additionally, the timing aligns perfectly with the broader decline in exchange reserves. This creates a unified signal across on-chain metrics and price structure that favors accumulation rather than distribution.</p>
<div class="lb-trans"><p>此外，时机与交易所储备的整体下降完美对齐。这在链上指标和价格结构中创造了统一的信号，支持积累而非分发。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-14-094056.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-14-094056.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><h2><strong>Top traders continue leaning aggressively long on Binance</strong></h2>
<div class="lb-trans"><h2><strong>顶级交易者在 Binance 上继续积极做多</strong></h2>
</div><p>Binance top-trader positioning reveals 73.16% long exposure versus 26.84% short exposure, at the time of writing. This signals strong bullish sentiment among experienced traders.</p>
<div class="lb-trans"><p>截至发稿，Binance 顶级交易者的定位显示 73.16% 的多头敞口与 26.84% 的空头敞口。这表明经验丰富的交易者中存在强烈的看涨情绪。</p>
</div><p>This trend remains important because top traders react quickly to structural shifts. They increase long exposure when they anticipate a rebound from critical demand zones.</p>
<div class="lb-trans"><p>这一趋势仍然重要，因为顶级交易者对结构变化反应迅速。当他们预期从关键需求区反弹时，会增加多头敞口。</p>
</div><p>Moreover, the rising Long/Short Ratio aligns with stronger spot outflows and shrinking Exchange Reserves, creating a cohesive narrative.</p>
<div class="lb-trans"><p>此外，日益上升的多空比与更强的现货流出和缩小的交易所储备相一致，形成了一个连贯的叙事。</p>
</div><p>These traders often position early ahead of breakouts, and their conviction strengthens the argument for an upside attempt. Market participants now watch for confirmation that validates this directional bias.</p>
<div class="lb-trans"><p>这些交易者通常在突破前提前布局，他们的信念增强了上涨尝试的论据。市场参与者现在关注确认，以验证这种方向性偏见。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-14-101025.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/11/Screenshot-2025-11-14-101025.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>来源：CoinGlass</p>
</div><p>To conclude, Ethereum shows strong demand across several major metrics, including accumulation, outflows, Exchange Reserves, and derivatives positioning.</p>
<div class="lb-trans"><p>总之，以太坊在多个主要指标上显示出强劲的需求，包括积累、流出、交易所储备和衍生品定位。</p>
</div><p>Buyers continue defending the $3,150 zone, while experienced traders increase long exposure.</p>
<div class="lb-trans"><p>买家继续捍卫 $3,150 区域，而经验丰富的交易者增加了多头敞口。</p>
</div><p>These signals strengthen the argument for a possible rebound if buying continues. ETH still needs a clean breakout from the descending channel to confirm momentum.</p>
<div class="lb-trans"><p>这些信号增强了如果买入继续，可能反弹的论据。ETH 仍需从下降通道中干净突破，以确认动能。</p>
</div><p>However, the current structure favors bullish continuation, and the charts highlight a clear foundation for upward pressure.</p>
<div class="lb-trans"><p>然而，目前的结构有利于看涨延续，图表突显出向上压力的明确基础。</p>
</div>

以太坊——这个需求区可能决定 ETH 的下一次突破