<h2><strong>關鍵要點</strong></h2>
<h3><strong><em>以太坊在 $3,150 附近的表現如何影響價格走勢？</em></strong></h3>
<p>以太坊捍衞積累區間，同時買家增加吸收，交易所儲備下降，現貨流出增強了看漲基礎。</p>
<h3><strong><em>衍生品和多空行為揭示了什麼關於 ETH?</em></strong></h3>
<p>頂級交易者增加了多頭敞口，因為市場結構與日益上升的信心相一致，強化了潛在突破的預期。</p>
<hr/>
<p>以太坊 [ETH] 在經歷了 10% 的日跌幅後，價格降至約 $3,155。截至發稿時，買家仍在捍衞 $3,097 和 $3,200 之間的需求區域。</p>
<p>成本基礎熱圖確認在該區域附近獲得了 253 萬 ETH，這增強了其作為戰略積累口袋的角色。</p>
<p>當市場接近這一水平時，買家迅速反應，因為該區域具有強大的歷史意義。此外，最近的反彈嘗試表明交易者繼續吸收賣壓。</p>
<p>這種穩定的積累表明大型持有者和散户參與者之間的信心。圖表結構強化了 ETH 可能在需求進一步增加時準備反應的觀點。</p>
<h2><strong>以太坊能否突破下降通道？</strong></h2>
<p>ETH 繼續在下降通道內移動，但下邊界與主要積累區完美對齊。</p>
<p>買家將這種組合視為高信念的設置，因為它將結構支撐與強大的歷史需求結合在一起。</p>
<p>每次接近通道底部時，都會吸引快速買入，這種行為增強了潛在反轉的理由。</p>
<p>此外，圖表顯示了一個預計的突破路徑，首先瞄準 $3,659，然後是更高的水平。</p>
<p>該模式具有重要性，因為之前的通道退出創造了強勁的反彈。市場現在關注增加的交易量，這可能點燃一次乾淨的突破嘗試。</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>來源：TradingView</p>
<h2><strong>交易所儲備急劇下降！</strong></h2>
<p>截至發稿，交易所儲備美元顯示出顯著的 9.75% 下降，揭示了交易平台上可用供應的明顯減少。</p>
<p>當交易者預期價格上漲時，會將幣從交易所中取出，因為外部錢包信號顯示出更強的信念。這一趨勢與 ETH 繼續捍衞 $3,150 區域相一致，因為較低的儲備減少了即時賣壓的影響。</p>
<p>此外，供應的減少通常會增強買方需求的效果。目前儲備的下降反映出市場更傾向於持有而非分發。</p>
<p>這種行為通常出現在積累階段。儲備與需求之間的對齊增強了看漲敍事。</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>來源：CryptoQuant</p>
<h2><strong>大規模現貨流出增強看漲敍事</strong></h2>
<p>現貨市場流動表明持續的積累壓力，ETH 在最新一輪中註冊了顯著的 $50.91 百萬流出。</p>
<p>這種類型的提款通常表明對價格反彈的預期，強化了交易者戰略性抄底的敍事。</p>
<p>此外，最近的圖表顯示出一系列持續的紅色柱，表明賣出動能正在減弱。這種流出模式與過去市場階段相似，曾在強勁反彈之前出現。</p>
<p>此外，時機與交易所儲備的整體下降完美對齊。這在鏈上指標和價格結構中創造了統一的信號，支持積累而非分發。</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>來源：CoinGlass</p>
<h2><strong>頂級交易者在 Binance 上繼續積極做多</strong></h2>
<p>截至發稿，Binance 頂級交易者的定位顯示 73.16% 的多頭敞口與 26.84% 的空頭敞口。這表明經驗豐富的交易者中存在強烈的看漲情緒。</p>
<p>這一趨勢仍然重要，因為頂級交易者對結構變化反應迅速。當他們預期從關鍵需求區反彈時，會增加多頭敞口。</p>
<p>此外，日益上升的多空比與更強的現貨流出和縮小的交易所儲備相一致，形成了一個連貫的敍事。</p>
<p>這些交易者通常在突破前提前佈局，他們的信念增強了上漲嘗試的論據。市場參與者現在關注確認，以驗證這種方向性偏見。</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>來源：CoinGlass</p>
<p>總之，以太坊在多個主要指標上顯示出強勁的需求，包括積累、流出、交易所儲備和衍生品定位。</p>
<p>買家繼續捍衞 $3,150 區域，而經驗豐富的交易者增加了多頭敞口。</p>
<p>這些信號增強了如果買入繼續，可能反彈的論據。ETH 仍需從下降通道中乾淨突破，以確認動能。</p>
<p>然而，目前的結構有利於看漲延續，圖表突顯出向上壓力的明確基礎。</p>

ETHE

<p>以太坊在 $3,150 附近的價格行為對其下一次突破至關重要。買家在 $3,097 到 $3,200 之間的需求區間進行防守，顯著的積累信號顯示出信心。交易所儲備減少，表明賣壓減輕，而現貨流出則暗示戰略性抄底。幣安的頂級交易者顯示出強烈的多頭頭寸，進一步增強了看漲情緒。需要從下降通道中突破以確認動能，但當前指標傾向於看漲的延續</p>

<h2><strong>Key Takeaways</strong></h2>
<div class="lb-trans"><h2><strong>關鍵要點</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 附近的表現如何影響價格走勢？</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>以太坊捍衞積累區間，同時買家增加吸收，交易所儲備下降，現貨流出增強了看漲基礎。</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>衍生品和多空行為揭示了什麼關於 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>頂級交易者增加了多頭敞口，因為市場結構與日益上升的信心相一致，強化了潛在突破的預期。</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] 在經歷了 10% 的日跌幅後，價格降至約 $3,155。截至發稿時，買家仍在捍衞 $3,097 和 $3,200 之間的需求區域。</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>成本基礎熱圖確認在該區域附近獲得了 253 萬 ETH，這增強了其作為戰略積累口袋的角色。</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>當市場接近這一水平時，買家迅速反應，因為該區域具有強大的歷史意義。此外，最近的反彈嘗試表明交易者繼續吸收賣壓。</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>這種穩定的積累表明大型持有者和散户參與者之間的信心。圖表結構強化了 ETH 可能在需求進一步增加時準備反應的觀點。</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 繼續在下降通道內移動，但下邊界與主要積累區完美對齊。</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>買家將這種組合視為高信念的設置，因為它將結構支撐與強大的歷史需求結合在一起。</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>每次接近通道底部時，都會吸引快速買入，這種行為增強了潛在反轉的理由。</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，圖表顯示了一個預計的突破路徑，首先瞄準 $3,659，然後是更高的水平。</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>該模式具有重要性，因為之前的通道退出創造了強勁的反彈。市場現在關注增加的交易量，這可能點燃一次乾淨的突破嘗試。</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>來源：TradingView</p>
</div><h2><strong>Exchange Reserves drop sharply!</strong></h2>
<div class="lb-trans"><h2><strong>交易所儲備急劇下降！</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>截至發稿，交易所儲備美元顯示出顯著的 9.75% 下降，揭示了交易平台上可用供應的明顯減少。</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>當交易者預期價格上漲時，會將幣從交易所中取出，因為外部錢包信號顯示出更強的信念。這一趨勢與 ETH 繼續捍衞 $3,150 區域相一致，因為較低的儲備減少了即時賣壓的影響。</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，供應的減少通常會增強買方需求的效果。目前儲備的下降反映出市場更傾向於持有而非分發。</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>這種行為通常出現在積累階段。儲備與需求之間的對齊增強了看漲敍事。</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>來源：CryptoQuant</p>
</div><h2><strong>Massive spot outflows amplify the bullish narrative</strong></h2>
<div class="lb-trans"><h2><strong>大規模現貨流出增強看漲敍事</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>現貨市場流動表明持續的積累壓力，ETH 在最新一輪中註冊了顯著的 $50.91 百萬流出。</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>這種類型的提款通常表明對價格反彈的預期，強化了交易者戰略性抄底的敍事。</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，最近的圖表顯示出一系列持續的紅色柱，表明賣出動能正在減弱。這種流出模式與過去市場階段相似，曾在強勁反彈之前出現。</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，時機與交易所儲備的整體下降完美對齊。這在鏈上指標和價格結構中創造了統一的信號，支持積累而非分發。</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>來源：CoinGlass</p>
</div><h2><strong>Top traders continue leaning aggressively long on Binance</strong></h2>
<div class="lb-trans"><h2><strong>頂級交易者在 Binance 上繼續積極做多</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>截至發稿，Binance 頂級交易者的定位顯示 73.16% 的多頭敞口與 26.84% 的空頭敞口。這表明經驗豐富的交易者中存在強烈的看漲情緒。</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>這一趨勢仍然重要，因為頂級交易者對結構變化反應迅速。當他們預期從關鍵需求區反彈時，會增加多頭敞口。</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，日益上升的多空比與更強的現貨流出和縮小的交易所儲備相一致，形成了一個連貫的敍事。</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>這些交易者通常在突破前提前佈局，他們的信念增強了上漲嘗試的論據。市場參與者現在關注確認，以驗證這種方向性偏見。</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>來源：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>總之，以太坊在多個主要指標上顯示出強勁的需求，包括積累、流出、交易所儲備和衍生品定位。</p>
</div><p>Buyers continue defending the $3,150 zone, while experienced traders increase long exposure.</p>
<div class="lb-trans"><p>買家繼續捍衞 $3,150 區域，而經驗豐富的交易者增加了多頭敞口。</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>這些信號增強了如果買入繼續，可能反彈的論據。ETH 仍需從下降通道中乾淨突破，以確認動能。</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，目前的結構有利於看漲延續，圖表突顯出向上壓力的明確基礎。</p>
</div>

以太坊——這個需求區可能決定 ETH 的下一次突破