<h2><strong>關鍵要點</strong></h2>
<p><em>8 月 1 日，隨着價格跌破$3,550，流入交易所的以太坊達到 200.5K，這對短期內的 ETH 多頭並不樂觀。價格下跌是否會持續，可能會跌多深？</em></p>
<hr/>
<p>以太坊 [ETH] 的交易價格低於自 7 月 18 日以來一直作為支撐的$3,550 水平。</p>
<p>這款山寨幣形成了一個短期區間，範圍從$3,550 到$3,860。跌破短期支撐意味着可能會下探到$3.2k 甚至$3k。</p>
<h2><strong>鯨魚和內部人士的動作增加了看跌壓力</strong></h2>
<p>在 X 上的一篇帖子中，LookonChain 透露，一隻鯨魚在 48 小時內向包括 Binance 和 Kraken 在內的熱門中心化交易所存入了 26,182 ETH。</p>
<p>這一流入的時機暗示了潛在的賣壓正在積聚。</p>
<p>Lookonchain 還觀察到，BitMEX 的聯合創始人 Arthur Hayes 出售了 2,373 ETH，價值 830 萬美元。</p>
<p>他還出售了價值 462 萬美元的 7.76 百萬 Ethena [ENA]，這讓人質疑大型 ENA 持有者的看漲信念。</p>
<p>隨着看跌趨勢的加劇，Coinalyze 的數據表明，過去 24 小時內的未平倉合約（OI）下降了 5.47%。</p>
<p>融資利率仍然為正，但未平倉合約和價格的下降顯示出主導的看跌情緒。</p>
<h2><strong>8 月以大量以太坊流出開始</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-Netflow.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-Netflow.png"/></p>
<p>來源：CryptoQuant</p>
<p>根據 CryptoQuant 的數據，7 天平均以太坊交易所淨流量在整個 7 月保持負值，目前為-16,644 ETH。這表明持續的積累。</p>
<p>然而，8 月 1 日，流入交易所的以太坊達到了 200,573。這是潛在賣出的跡象，尤其是在伴隨強烈的鏈上活動時。然而，一天的流動可能無法決定價格趨勢。</p>
<h2><strong>價格目標和結構反轉</strong></h2>
<p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-12-hour-Chart.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-12-hour-Chart.png"/></p>
<p>來源：TradingView 上的 ETH/USDT</p>
<p>市場結構可以更好地瞭解當前的趨勢。在最新的交易時段，12 小時的 Awesome Oscillator 跌破了零。</p>
<p>更重要的是，以太坊已跌破$3,550 的區間低點（橙色）。</p>
<p>$3.2k 的公允價值缺口（白色）以及 7 月早些時候的支撐位$2,936 是 ETH 的下一個目標。50 期移動平均線（綠色）在最近幾個小時內作為動態支撐。</p>
<p>如果失敗，將使看跌的論點更強。</p>

ETHE

<p>以太坊的價格承壓，交易價格低於 $3,550，流入交易所的 200,500 個 ETH 顯示出潛在的賣出壓力。鯨魚活動，包括大額存款和內部人士的銷售，進一步加劇了看跌情緒。市場結構表明可能會下跌至 $3,200 或甚至 $3,000，因為 12 小時的強勢振盪器跌破零線，未平倉合約減少。儘管七月份出現了負淨流入，但最近流入交易所的 ETH 使人們對未來價格趨勢感到擔憂</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>關鍵要點</strong></h2>
</div><p><em>A 200.5K Ethereum inflow to exchanges on the 1st of August, as the price fell below the $3,550 mark, did not bode well for ETH bulls in the short term. Will the price dip continue, and how deep could it go?</em></p>
<div class="lb-trans"><p><em>8 月 1 日，隨着價格跌破$3,550，流入交易所的以太坊達到 200.5K，這對短期內的 ETH 多頭並不樂觀。價格下跌是否會持續，可能會跌多深？</em></p>
</div><hr/>
<div class="lb-trans"><hr/>
</div><p>Ethereum [ETH] was trading below the $3,550 level that has acted as a support since the 18th of July.</p>
<div class="lb-trans"><p>以太坊 [ETH] 的交易價格低於自 7 月 18 日以來一直作為支撐的$3,550 水平。</p>
</div><p>The altcoin had formed a short-term range that reached from $3,550 to $3,860. Its descent below the short-term support meant that a move to $3.2k or even $3k was possible.</p>
<div class="lb-trans"><p>這款山寨幣形成了一個短期區間，範圍從$3,550 到$3,860。跌破短期支撐意味着可能會下探到$3.2k 甚至$3k。</p>
</div><h2><strong>Whale and insider moves add to bearish pressure</strong></h2>
<div class="lb-trans"><h2><strong>鯨魚和內部人士的動作增加了看跌壓力</strong></h2>
</div><p>In a post on X, LookonChain revealed that a whale had deposited 26,182 ETH in 48 hours to popular centralized exchanges, including Binance and Kraken.</p>
<div class="lb-trans"><p>在 X 上的一篇帖子中，LookonChain 透露，一隻鯨魚在 48 小時內向包括 Binance 和 Kraken 在內的熱門中心化交易所存入了 26,182 ETH。</p>
</div><p>The timing of this inflow suggests potential sell pressure building.</p>
<div class="lb-trans"><p>這一流入的時機暗示了潛在的賣壓正在積聚。</p>
</div><p>Lookonchain also observed that BitMEX co-founder Arthur Hayes had sold 2,373 ETH, worth $8.32 million.</p>
<div class="lb-trans"><p>Lookonchain 還觀察到，BitMEX 的聯合創始人 Arthur Hayes 出售了 2,373 ETH，價值 830 萬美元。</p>
</div><p>He also sold 7.76 million Ethena [ENA] worth $4.62 million, calling into question the assumption of bullish conviction from large ENA holders.</p>
<div class="lb-trans"><p>他還出售了價值 462 萬美元的 7.76 百萬 Ethena [ENA]，這讓人質疑大型 ENA 持有者的看漲信念。</p>
</div><p>Adding to the bearish trend, Coinalyze data showed that Open Interest (OI) was down 5.47%, at press time, in the past 24 hours.</p>
<div class="lb-trans"><p>隨着看跌趨勢的加劇，Coinalyze 的數據表明，過去 24 小時內的未平倉合約（OI）下降了 5.47%。</p>
</div><p>The Funding Rate was still positive, but the dropping OI and price showed dominant bearish sentiment.</p>
<div class="lb-trans"><p>融資利率仍然為正，但未平倉合約和價格的下降顯示出主導的看跌情緒。</p>
</div><h2><strong>August begins with heavy Ethereum outflows</strong></h2>
<div class="lb-trans"><h2><strong>8 月以大量以太坊流出開始</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-Netflow.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-Netflow.png"/></p>
<p>Source: CryptoQuant</p>
<div class="lb-trans"><p>來源：CryptoQuant</p>
</div><p>According to CryptoQuant, the 7-day average of Ethereum Exchange Netflows remained negative throughout July, printing -16,644 ETH at press time. This indicates consistent accumulation.</p>
<div class="lb-trans"><p>根據 CryptoQuant 的數據，7 天平均以太坊交易所淨流量在整個 7 月保持負值，目前為-16,644 ETH。這表明持續的積累。</p>
</div><p>However, the 1st of August saw 200,573 Ethereum flow into exchanges. This was a sign of potential selling, especially when coupled with intense on-chain activity. However, one day’s flow might not decide the price trend.</p>
<div class="lb-trans"><p>然而，8 月 1 日，流入交易所的以太坊達到了 200,573。這是潛在賣出的跡象，尤其是在伴隨強烈的鏈上活動時。然而，一天的流動可能無法決定價格趨勢。</p>
</div><h2><strong>Price targets and structure flip</strong></h2>
<div class="lb-trans"><h2><strong>價格目標和結構反轉</strong></h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-12-hour-Chart.png" alt="" original-src="https://ambcrypto.com/wp-content/uploads/2025/08/Ethereum-12-hour-Chart.png"/></p>
<p>Source: ETH/USDT on TradingView</p>
<div class="lb-trans"><p>來源：TradingView 上的 ETH/USDT</p>
</div><p>The market structure could give a better idea of the prevalent trend. At press time, the 12-hour timeframe’s Awesome Oscillator dipped below zero in the most recent trading session.</p>
<div class="lb-trans"><p>市場結構可以更好地瞭解當前的趨勢。在最新的交易時段，12 小時的 Awesome Oscillator 跌破了零。</p>
</div><p>More importantly, Ethereum had fallen below the range low (orange) at $3,550.</p>
<div class="lb-trans"><p>更重要的是，以太坊已跌破$3,550 的區間低點（橙色）。</p>
</div><p>The Fair Value Gap (white) at $3.2k, and the support from earlier in July at $2,936, were the next targets for ETH. The 50-period Moving Average (green) has served as a dynamic support in recent hours.</p>
<div class="lb-trans"><p>$3.2k 的公允價值缺口（白色）以及 7 月早些時候的支撐位$2,936 是 ETH 的下一個目標。50 期移動平均線（綠色）在最近幾個小時內作為動態支撐。</p>
</div><p>Its failure would make the bearish case stronger.</p>
<div class="lb-trans"><p>如果失敗，將使看跌的論點更強。</p>
</div>

以太坊——三個跡象表明 ETH 價格可能跌至 3200 美元