<h2><strong>關鍵要點</strong></h2>
<p><em>以太坊當前的上漲路徑得到了交易所資金流出的支持。在 4200 美元到 4400 美元之間存在大量清算集羣，這意味着短期內可能會出現波動，且在持續突破之前可能會加劇。</em></p>
<hr/>
<p>以太坊 [ETH] 的交易所餘額已降至九年來的低點，只有 1488 萬 ETH，且在短短一週內幾乎有 20 億美元的代幣被提取。</p>
<p>這一急劇下降突顯了積累的明顯趨勢，因為投資者減少了對交易所的暴露，增強了自我保管的立場。</p>
<p>歷史上，交易所餘額下降通常會減少賣壓，往往為看漲反彈創造有利條件。</p>
<p>因此，目前的資金流出勢頭可能為以太坊下一次顯著上漲奠定基礎，增強了其突破關鍵阻力位的潛在長期推動力。</p>
<h2>在 5000 美元之前的回調？</h2>
<p>截至發稿時，以太坊的交易價格約為 4253 美元，經歷了 6% 的日內下跌，顯示出在最近上漲至 4783 美元后出現降温跡象。</p>
<p>價格走勢指向可能回調至 4000 美元支撐區，然後再嘗試重新測試 5000 美元水平。</p>
<p>短期修正通常會在更強勁的上漲之前出現，尤其是在更廣泛的指標與積累趨勢一致時。</p>
<p>方向性運動指數（DMI）增強了這一前景。</p>
<p>ADX 為 46.42，確認了強勁的持續趨勢，而 +DI 為 30.97，遠高於–DI 的 15.47，反映出看漲動能仍然超過看跌壓力。</p>
<p>然而，短期內回調仍然可能，捍衞 4000 美元對維持以太坊向更高阻力位的路徑至關重要。</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>來源：TradingView</p>
<h2><strong>以太坊交易者如何定位自己？</strong></h2>
<p>來自 Binance 的衍生品數據顯示，截至發稿時，多頭賬户占主導地位，比例為 64.36%，而空頭頭寸為 35.64%。</p>
<p>1.81 的多空比反映出交易者之間強烈的看漲偏好，他們預期進一步上漲。</p>
<p>這種定位表明，儘管短期波動，交易者對以太坊最終將重新迴歸上漲軌跡充滿信心。</p>
<p>然而，這種激進的多頭定位也可能在價格進一步下跌時放大風險，可能觸發大規模清算。</p>
<p>市場參與者應仔細監控槓桿暴露，因為定位不平衡往往在高度波動的情況下加劇反彈和修正。</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>來源：CoinGlass</p>
<h2><strong>以太坊在社交媒體上的關注度上升</strong></h2>
<p>以太坊的社交主導性已上升至 10.16%，最近幾周早期峯值超過 17%。</p>
<p>這種關注度的上升反映了零售和機構參與者之間討論的增加，標誌着市場興趣的提升。</p>
<p>更高的社交主導性通常伴隨着關鍵價格拐點，表明情緒在 ETH 的軌跡中扮演着越來越重要的角色。然而，單靠社交炒作並不能保證可持續增長。</p>
<p>雖然更強的可見性增強了投資者信心，但以太坊仍需要技術確認和持續的積累趨勢，以充分驗證其長期看漲前景。</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>來源：Santiment</p>
<h2><strong>清算集羣揭示了什麼？</strong></h2>
<p>Binance ETH/USDT 清算熱圖突顯了 4200 美元到 4400 美元之間的重清算區域，這些水平最近活動增加。</p>
<p>這些集羣顯示了槓桿頭寸最脆弱的地方，如果價格再次測試這些水平，可能會引發劇烈波動。</p>
<p>因此，成功清除該區域可能會觸發向 5000 美元的重新上漲動能。然而，反覆拒絕可能在短期內施加進一步的下行壓力。</p>
<p>因此，交易者應保持警惕，因為由清算驅動的波動可能會加速以太坊的價格波動，超出典型的技術預期。</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>來源：CoinGlass</p>
<h2><strong>以太坊能否維持向 5000 美元的動能？</strong></h2>
<p>以太坊的交易所資金流出、強勁的衍生品定位、上升的社交興趣和清算動態都指向看漲能量的積累。</p>
<p>雖然短期內回測 4000 美元似乎可能，但整體結構仍支持突破反彈的可能性。</p>
<p>因此，如果以太坊維持積累趨勢並清除關鍵阻力，通往 5000 美元的道路仍然觸手可及。</p>

ETHE

<p>以太坊的價格前景顯示出潛在的波動性，目前交易價格約為 4,253 美元，可能會回調至 4,000 美元的支撐區間，然後再嘗試重新測試 5,000 美元。交易所的資金流出已達到九年來的低點，表明市場正在積累並減少賣壓，這可能支持看漲的反彈。衍生品數據顯示交易者中存在強烈的看漲偏好，而社交媒體興趣的上升反映出市場關注度的增加。在 4,200 美元到 4,400 美元之間的清算集羣可能導致價格劇烈波動，但總體趨勢如果突破關鍵阻力位，則有可能向 5,000 美元突破</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>關鍵要點</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>以太坊當前的上漲路徑得到了交易所資金流出的支持。在 4200 美元到 4400 美元之間存在大量清算集羣，這意味着短期內可能會出現波動，且在持續突破之前可能會加劇。</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] 的交易所餘額已降至九年來的低點，只有 1488 萬 ETH，且在短短一週內幾乎有 20 億美元的代幣被提取。</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>這一急劇下降突顯了積累的明顯趨勢，因為投資者減少了對交易所的暴露，增強了自我保管的立場。</p>
</div><p>Historically, falling exchange balances have reduced selling pressure, often creating favorable conditions for bullish rallies.</p>
<div class="lb-trans"><p>歷史上，交易所餘額下降通常會減少賣壓，往往為看漲反彈創造有利條件。</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，目前的資金流出勢頭可能為以太坊下一次顯著上漲奠定基礎，增強了其突破關鍵阻力位的潛在長期推動力。</p>
</div><h2>A pullback before $5K?</h2>
<div class="lb-trans"><h2>在 5000 美元之前的回調？</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>截至發稿時，以太坊的交易價格約為 4253 美元，經歷了 6% 的日內下跌，顯示出在最近上漲至 4783 美元后出現降温跡象。</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>價格走勢指向可能回調至 4000 美元支撐區，然後再嘗試重新測試 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>短期修正通常會在更強勁的上漲之前出現，尤其是在更廣泛的指標與積累趨勢一致時。</p>
</div><p>The Directional Movement Index (DMI) strengthened this outlook.</p>
<div class="lb-trans"><p>方向性運動指數（DMI）增強了這一前景。</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 為 46.42，確認了強勁的持續趨勢，而 +DI 為 30.97，遠高於–DI 的 15.47，反映出看漲動能仍然超過看跌壓力。</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，短期內回調仍然可能，捍衞 4000 美元對維持以太坊向更高阻力位的路徑至關重要。</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>來源：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>來自 Binance 的衍生品數據顯示，截至發稿時，多頭賬户占主導地位，比例為 64.36%，而空頭頭寸為 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間強烈的看漲偏好，他們預期進一步上漲。</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>這種定位表明，儘管短期波動，交易者對以太坊最終將重新迴歸上漲軌跡充滿信心。</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，這種激進的多頭定位也可能在價格進一步下跌時放大風險，可能觸發大規模清算。</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>市場參與者應仔細監控槓桿暴露，因為定位不平衡往往在高度波動的情況下加劇反彈和修正。</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>來源：CoinGlass</p>
</div><h2><strong>Ethereum’s rising attention across social media</strong></h2>
<div class="lb-trans"><h2><strong>以太坊在社交媒體上的關注度上升</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>以太坊的社交主導性已上升至 10.16%，最近幾周早期峯值超過 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>這種關注度的上升反映了零售和機構參與者之間討論的增加，標誌着市場興趣的提升。</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>更高的社交主導性通常伴隨着關鍵價格拐點，表明情緒在 ETH 的軌跡中扮演着越來越重要的角色。然而，單靠社交炒作並不能保證可持續增長。</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>雖然更強的可見性增強了投資者信心，但以太坊仍需要技術確認和持續的積累趨勢，以充分驗證其長期看漲前景。</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>來源：Santiment</p>
</div><h2><strong>What do liquidation clusters reveal?</strong></h2>
<div class="lb-trans"><h2><strong>清算集羣揭示了什麼？</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 清算熱圖突顯了 4200 美元到 4400 美元之間的重清算區域，這些水平最近活動增加。</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>這些集羣顯示了槓桿頭寸最脆弱的地方，如果價格再次測試這些水平，可能會引發劇烈波動。</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，成功清除該區域可能會觸發向 5000 美元的重新上漲動能。然而，反覆拒絕可能在短期內施加進一步的下行壓力。</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，交易者應保持警惕，因為由清算驅動的波動可能會加速以太坊的價格波動，超出典型的技術預期。</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>來源：CoinGlass</p>
</div><h2><strong>Can Ethereum sustain momentum toward $5K?</strong></h2>
<div class="lb-trans"><h2><strong>以太坊能否維持向 5000 美元的動能？</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>以太坊的交易所資金流出、強勁的衍生品定位、上升的社交興趣和清算動態都指向看漲能量的積累。</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>雖然短期內回測 4000 美元似乎可能，但整體結構仍支持突破反彈的可能性。</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，如果以太坊維持積累趨勢並清除關鍵阻力，通往 5000 美元的道路仍然觸手可及。</p>
</div>

以太坊的價格展望：ETH 能否突破 4000 美元的支撐位？