<ul>
<li><em>以太坊的現貨淨流量在七天內保持負值，顯示出各投資者羣體的持續積累。</em></li>
<li><em>市場做市商重新進入，積累活動頻繁，暗示向上走勢的結構性支撐。</em></li>
</ul>
<p>以太坊 [ETH] 繼續橫盤交易，但在表面之下，動能似乎正在積聚。</p>
<p>儘管市場參與者在市場停滯時有所退卻，但鏈上數據表明以太坊生態系統比以往任何時候都更加活躍。</p>
<h2><strong>ETH 做市商重返市場</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-money-makers.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/2025/06/ETH-money-makers.jpg"/></p>
<p>來源：X</p>
<p>因此，Aphractal 創始人 Joao Wedson 觀察到以太坊做市商強勢迴歸。</p>
<p>根據他的 Wyckoff 分析，積累和分配模式同時發生，但積累似乎佔據主導地位。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-spot-inflow-outflow.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/2025/06/ETH-spot-inflow-outflow.png"/></p>
<p>來源：CoinGlass</p>
<p>當然，這不僅僅是猜測。</p>
<p>以太坊正受到所有市場參與者的強勁積累。首先，以太坊的現貨淨流量在一週內保持負值，確認了交易所的持續流出。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-whale-to-exchange.jpeg?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/2025/06/Ethereum-whale-to-exchange.jpeg"/></p>
<p>來源：IntoTheBlock</p>
<p>這表明市場上買家多於賣家。目前，市場上有各種規模的買家；例如，以太坊鯨魚也在進行積極購買。</p>
<p>大型持有者淨流入與交易所淨流入比率也支持這一觀點。該比率從 4.28% 急劇下降至 0.62%，暗示鯨魚已減少交易所活動。</p>
<p>這意味着鯨魚並沒有出售以太坊，而是在購買。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-Taker-Buy-Sell-Ratio-All-Exchanges.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/2025/06/Ethereum-Taker-Buy-Sell-Ratio-All-Exchanges.png"/></p>
<p>來源：CryptoQuant</p>
<p>增加的購買活動使得買家在過去一天內主導市場。因此，ETH 的買賣比率轉為正值。</p>
<p>這裏的正比率表明市場上的投資者大多在購買。因此，執行的買單數量更多，買家抬高報價，反映出市場的強勁積累。</p>
<h2><strong>ETH 能否最終突破？</strong></h2>
<p>如上所述，以太坊正在經歷顯著的積累，為這款山寨幣的重大走勢做好準備。因此，這種積累持續的時間越長，走勢就會越大。</p>
<p>突破$2,660 將打開通往$2,830 的大門——這是一個流動性豐富的區域，可能吸引激進的走勢。</p>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ATH-aggregated-liquidation-scaled.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/2025/06/ATH-aggregated-liquidation-scaled.jpg"/></p>
<p>來源：Alphractal</p>
<p>然而，以太坊必須有信心地突破這一區域。如果成功，下一關鍵阻力位在$3,000。</p>
<p>為了保持這一局面，牛市必須捍衞$2,556 的支撐位。跌破這一水平可能會使看漲論點失效。</p>

ETHE

<p>以太坊的現貨淨流量已經負值一週，表明投資者正在穩步積累。市場做市商重新參與，暗示向上走勢的結構性支撐。鏈上數據顯示活動增加，鯨魚正在進行積極購買。ETH 的買賣比率為正，表明買入量大於賣出量。突破$2,660 可能會導致$2,830，但多頭必須捍衞$2,556 的支撐，以維持這一看漲前景</p>

<ul>
<li><em>Ethereum’s Spot Netflow stayed negative for seven days, signaling steady accumulation across investor segments.</em></li>
<li><em>Market makers have re-entered with accumulation-heavy activity, hinting at structural support for an upward move.</em></li>
</ul>
<div class="lb-trans"><ul>
<li><em>以太坊的現貨淨流量在七天內保持負值，顯示出各投資者羣體的持續積累。</em></li>
<li><em>市場做市商重新進入，積累活動頻繁，暗示向上走勢的結構性支撐。</em></li>
</ul>
</div><p>Ethereum [ETH] continued to trade sideways, but beneath the surface, momentum appeared to be building.</p>
<div class="lb-trans"><p>以太坊 [ETH] 繼續橫盤交易，但在表面之下，動能似乎正在積聚。</p>
</div><p>While market players had taken a step back as the market stagnated, on-chain data indicated the Ethereum ecosystem is more active than ever before.</p>
<div class="lb-trans"><p>儘管市場參與者在市場停滯時有所退卻，但鏈上數據表明以太坊生態系統比以往任何時候都更加活躍。</p>
</div><h2><strong>ETH market makers are back in the game</strong></h2>
<div class="lb-trans"><h2><strong>ETH 做市商重返市場</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-money-makers.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/06/ETH-money-makers.jpg"/></p>
<p>Source: X</p>
<div class="lb-trans"><p>來源：X</p>
</div><p>As such, Aphractal founder Joao Wedson observed that Ethereum market makers had returned with force.</p>
<div class="lb-trans"><p>因此，Aphractal 創始人 Joao Wedson 觀察到以太坊做市商強勢迴歸。</p>
</div><p>According to his Wyckoff-based analysis, both accumulation and distribution patterns were playing out in tandem, but accumulation appeared to dominate.</p>
<div class="lb-trans"><p>根據他的 Wyckoff 分析，積累和分配模式同時發生，但積累似乎佔據主導地位。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ETH-spot-inflow-outflow.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/06/ETH-spot-inflow-outflow.png"/></p>
<p>Source: CoinGlass</p>
<div class="lb-trans"><p>來源：CoinGlass</p>
</div><p>Of course, this wasn’t just speculation.</p>
<div class="lb-trans"><p>當然，這不僅僅是猜測。</p>
</div><p>Ethereum is seeing strong accumulation from all market participants. For starters, Ethereum’s Spot Netflow stayed negative for a full week, confirming consistent outflows from exchanges.</p>
<div class="lb-trans"><p>以太坊正受到所有市場參與者的強勁積累。首先，以太坊的現貨淨流量在一週內保持負值，確認了交易所的持續流出。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-whale-to-exchange.jpeg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-whale-to-exchange.jpeg"/></p>
<p>Source: IntoTheBlock</p>
<div class="lb-trans"><p>來源：IntoTheBlock</p>
</div><p>This indicates that there are more buyers than sellers in the market. Currently, there are buyers of all sizes; for instance, Ethereum whales are also making aggressive purchases.</p>
<div class="lb-trans"><p>這表明市場上買家多於賣家。目前，市場上有各種規模的買家；例如，以太坊鯨魚也在進行積極購買。</p>
</div><p>The Large Holders Netflow to Exchange Netflow Ratio also backed this view. It dropped sharply from 4.28% to 0.62%, implying whales had pulled back from exchange activity.</p>
<div class="lb-trans"><p>大型持有者淨流入與交易所淨流入比率也支持這一觀點。該比率從 4.28% 急劇下降至 0.62%，暗示鯨魚已減少交易所活動。</p>
</div><p>This implies that whales are not selling Ethereum instead, they are buying.</p>
<div class="lb-trans"><p>這意味着鯨魚並沒有出售以太坊，而是在購買。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-Taker-Buy-Sell-Ratio-All-Exchanges.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/06/Ethereum-Taker-Buy-Sell-Ratio-All-Exchanges.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>Increased buying activity has seen buyers dominate the market over the past day. Thus, the ETH Taker Buy-Sell Ratio turned positive.</p>
<div class="lb-trans"><p>增加的購買活動使得買家在過去一天內主導市場。因此，ETH 的買賣比率轉為正值。</p>
</div><p>A positive ratio here suggests that investors in the market are mostly buying. As such, there are more buy orders executed with buyers lifting offers reflecting strong accumulation across the market.</p>
<div class="lb-trans"><p>這裏的正比率表明市場上的投資者大多在購買。因此，執行的買單數量更多，買家抬高報價，反映出市場的強勁積累。</p>
</div><h2><strong>Can ETH finally breakout?</strong></h2>
<div class="lb-trans"><h2><strong>ETH 能否最終突破？</strong></h2>
</div><p>As observed above, Ethereum is experiencing significant accumulation, setting the altcoin up for a major move. Thus, the longer this accumulation lasts, the bigger the move will be.</p>
<div class="lb-trans"><p>如上所述，以太坊正在經歷顯著的積累，為這款山寨幣的重大走勢做好準備。因此，這種積累持續的時間越長，走勢就會越大。</p>
</div><p>A breakout above $2,660 would open the door to $2,830—an area stacked with high liquidity, which could attract aggressive moves.</p>
<div class="lb-trans"><p>突破$2,660 將打開通往$2,830 的大門——這是一個流動性豐富的區域，可能吸引激進的走勢。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/06/ATH-aggregated-liquidation-scaled.jpg" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/06/ATH-aggregated-liquidation-scaled.jpg"/></p>
<p>Source: Alphractal</p>
<div class="lb-trans"><p>來源：Alphractal</p>
</div><p>However, Ethereum must clear this zone with conviction. If it does, the next key resistance sits at $3,000.</p>
<div class="lb-trans"><p>然而，以太坊必須有信心地突破這一區域。如果成功，下一關鍵阻力位在$3,000。</p>
</div><p>To keep this setup alive, bulls must defend the $2,556 support. A breakdown below this level could invalidate the bullish thesis.</p>
<div class="lb-trans"><p>為了保持這一局面，牛市必須捍衞$2,556 的支撐位。跌破這一水平可能會使看漲論點失效。</p>
</div>

以太坊是否會繼續上漲？——交易員們，請關注這個區間，以太坊可能會有大的動作