鏈上數據顯示，最近有大量以太坊交流，這可能是ETH的價格看漲的

鏈上的數據顯示，交易所上的以太坊供應最近下降了急劇下降，這可能是對ETH的價格看漲的。

On-chain data shows the Ethereum Supply on Exchanges has seen a sharp decline recently, something that could be bullish for ETH’s price.

鏈上的數據顯示，交易所上的以太坊供應最近下降了急劇下降，這可能是對ETH的價格看漲的。

The Ethereum Supply On Exchanges Hits 10-Year Low

交流的以太坊供應命中10年低點

According to data from the on-chain analytics firm Santiment, the ETH Supply on Exchanges has fallen to its lowest point in almost 10 years. The “Supply on Exchanges” indicator measures the total amount of Ethereum that’s currently sitting in the wallets of all centralized exchanges.

根據《鏈分析公司》的數據，交流的ETH供應量已降至近10年來的最低點。 “交流供應”指標衡量了目前位於所有集中交易所錢包中的以太坊總量。

When the value of this metric observes an increase, it means the investors are depositing a net number of tokens of the asset into these platforms. One of the main reasons why traders transfer to exchanges is for selling-related purposes, and this kind of trend can have a bearish impact on the ETH price.

當該指標的價值觀察到增加時，這意味著投資者正在將資產的淨數量存入這些平台中。交易者轉移到交易所的主要原因之一是出於銷售相關的目的，這種趨勢可能會對ETH價格產生看跌的影響。

On the other hand, the indicator going down suggests a net amount of the asset’s supply is leaving the exchanges. Such a trend may be a sign that the investors are accumulating, which can naturally prove to be bullish for the coin.

另一方面，下降的指標表明資產供應量的淨額正在離開交易所。這樣的趨勢可能表明投資者正在積累，這自然可以證明對硬幣是看好的。

Now, here is the chart shared by the analytics firm that shows the trend in the Ethereum Supply on Exchanges over the past year:

現在，這是分析公司共享的圖表，該圖顯示了過去一年以太坊供應的趨勢：

As displayed in the above graph, the Ethereum Supply on Exchanges has seen a massive drawdown recently, implying the investors have made a large amount of net withdrawals.

如上圖所示，交易所上的以太坊供應最近發現了大量的縮水，這意味著投資者已經進行了大量淨撤離。

Compared to seven weeks ago, there is now 16.4% less ETH on exchanges. This sharp change has taken the indicator’s value to the lowest level since 2015, nearly a decade ago.

與七個星期前相比，交易所的ETH現在少了16.4％。大約十年前，這種急劇變化將指標的價值提高到了2015年以來的最低水平。

From the chart, it’s apparent that the timing of this latest withdrawal spree has coincided with a plunge in the cryptocurrency’s price. The same graph also shows the data related to the Bitcoin Supply on Exchanges and it would seem that, even though the number one digital asset has seen a decline of its own, the metric has still only continued to move sideways.

從圖表來看，很明顯，最新的戒斷狂潮的時機與加密貨幣的價格相吻合。同一張圖還顯示了與交易所中比特幣供應有關的數據，看來，即使排名第一的數字資產自身下降，該指標仍然只是繼續向側面移動。

It’s possible that this is a sign the whales are making a stronger push to buy the dip for Ethereum, as compared to Bitcoin. However, the more likely explanation may lie in the rich ecosystem of DeFi and staking services that ETH hosts, which may be where this supply is heading off to in this period of market cooldown.

與比特幣相比，鯨魚可能會更強大地推動以太坊的傾角，這可能是一個更強大的推動力。但是，更有可能的解釋可能在於ETH託管的豐富生態系統和ETH託管服務的富裕生態系統，這可能是該供應在這一市場冷卻時期所在的地方。

While Ethereum appears positive from an on-chain perspective, the same isn’t true for technical analysis. As analyst Ali Martinez has explained in an X post, the zoomed-out ETH chart may contain a grim picture for the asset.

從鏈的角度來看，以太坊似乎是積極的，但技術分析並非如此。正如分析師阿里·馬丁內斯（Ali Martinez）在X帖子中解釋的那樣，縮放的ETH圖表可能包含資產嚴峻的圖片。

As is visible in the chart, Ethereum has seemingly been consolidating inside a parallel channel for a while now. Recently, the asset has been on the way down and as the analyst has marked in the chart, a move to the lower level of the channel may be brewing for the coin.

正如圖表中可見的那樣，以太坊似乎已經在平行通道內鞏固了一段時間。最近，資產一直在下降，正如分析師在圖表中所標記的那樣，轉移到頻道的較低級別可能正在釀造硬幣。

ETH Price

ETH價格

At the time of writing, Ethereum is trading at around $1,960, down more than 3% over the last seven days.

在寫作時，以太坊的交易價格約為1,960美元，在過去的七天中下降了3％以上。