以太坊會突破 5000 美元嗎？ Cryptoquant 強調關鍵指標

在現貨交易所交易基金（ETF）數據和對區塊鏈活動的洞察的推動下，以太坊（ETH）正迎來一波有利趨勢。

Cryptoquant analysts have identified several key indicators that could propel ethereum (ETH) towards a breakout above the $5,000 mark.

Cryptoquant 分析師已經確定了幾個可能推動以太坊 (ETH) 突破 5,000 美元大關的關鍵指標。

According to the firm’s December 2024 analysis, data from spot exchange-traded funds (ETFs) and insights into blockchain activity suggest that ether is experiencing a wave of favorable trends.

根據該公司 2024 年 12 月的分析，來自現貨交易所交易基金 (ETF) 的數據和對區塊鏈活動的洞察表明，以太坊正在經歷一波有利的趨勢。

As noted by Cryptoquant, holdings in spot ether ETFs, which launched in the United States in July 2024, have seen a significant uptick, climbing from 3.095 million ETH to a peak of 3.41 million ETH. This increase in holdings indicates growing investor interest, especially considering that holdings hit a low of 2.716 million ETH in September 2024, according to the report.

正如 Cryptoquant 所指出的那樣，2024 年 7 月在美國推出的現貨以太坊 ETF 的持有量大幅增加，從 309.5 萬 ETH 攀升至 341 萬 ETH 的峰值。報告稱，持有量的增加表明投資者的興趣不斷增長，特別是考慮到持有量在 2024 年 9 月觸及 271.6 萬 ETH 的低點。

Meanwhile, on the supply side, a different narrative is unfolding. Ethereum’s total supply has reached 120.44 million, marking the highest level since April 2023. However, a rise in ETH burned through transaction fees is creating some downward pressure on the supply.

同時，在供應方面，一種不同的敘述正在展開。以太坊的總供應量已達到 1.2044 億枚，這是自 2023 年 4 月以來的最高水準。

As highlighted by Cryptoquant researchers, between August and December 2024, the daily ETH burn rate has surged from 80 to 2,700. This increased burn rate is helping to rein in supply growth, even as Ethereum’s usage continues to increase.

正如 Cryptoquant 研究人員所強調的那樣，2024 年 8 月至 12 月期間，每日 ETH 銷毀率從 80 個飆升至 2,700 個。儘管以太坊的使用量持續增加，但燃燒率的增加有助於抑制供應成長。

“The total supply of ETH has reached 120.44 million, its highest level since April 2023,” the report explains. “However, the pace of supply growth has slowed in recent months as the amount of ETH burned via fees has increased since September, exerting some deflationary pressure on ETH.”

報告解釋稱：“ETH 的總供應量已達到 1.2044 億，這是自 2023 年 4 月以來的最高水平。” “然而，由於自 9 月以來通過費用銷毀的 ETH 數量有所增加，近幾個月供應增長速度有所放緩，對 ETH 造成了一定的通貨緊縮壓力。”

The study also points out that Ethereum’s blockchain has seen a lot of activity recently. Average daily transactions in 2024 have ranged from 6.5-7.5 million, up from 5 million in 2023. Contract calls, which indicate onchain engagement, have also increased to 6-7 million daily.

研究也指出，以太坊的區塊鏈最近出現了許多活動。 2024 年的日均交易量為 650 萬至 750 萬筆，高於 2023 年的 500 萬筆。

Cryptoquant analysts attribute this spike in activity to the broader adoption of decentralized applications, which also contributes to the deflationary pressure that could support ether’s value.

Cryptoquant 分析師將這種活動激增歸因於去中心化應用程式的更廣泛採用，這也加劇了可能支援以太幣價值的通貨緊縮壓力。

“Higher network activity on Ethereum signifies increased usage and demand for the network’s capabilities, reflecting growing adoption of decentralized applications,” the report notes. “Moreover, it leads to greater ETH burned via transaction fees, which can create deflationary pressure on the total ETH supply, as the burn rate can outpace issuance during periods of high activity.”

報告指出：“以太坊上網路活動的增加意味著對網路功能的使用和需求的增加，反映出去中心化應用程式的採用不斷增加。” “此外，它會導致更多的 ETH 通過交易費用被銷毀，這可能會對 ETH 總供應量造成通貨緊縮壓力，因為在活躍時期，銷毀率可能超過發行量。”

Furthermore, Cryptoquant also touches on ether’s realized price, a metric that reflects the average cost at which ETH is held. This figure currently caps ether’s potential price at $5,200 per unit, which aligns with the valuation ceilings encountered during the 2021 bull market.

此外，Cryptoquant 還涉及以太幣的已實現價格，該指標反映了持有 ETH 的平均成本。目前，這一數字將以太坊的潛在價格限制在每單位 5,200 美元，這與 2021 年牛市期間遇到的估值上限一致。

In light of these observations, and considering the challenges that still exist, Cryptoquant analysts emphasize the crucial role of sustained interest and positive market sentiment in helping ether reach the projected price milestone.

根據這些觀察結果，並考慮到仍然存在的挑戰，Cryptoquant 分析師強調了持續的興趣和積極的市場情緒在幫助以太幣達到預期價格里程碑方面的關鍵作用。

Their findings highlight ETH’s evolving role at the intersection of financial innovation and blockchain technology.

他們的發現凸顯了 ETH 在金融創新和區塊鏈技術交叉領域不斷發展的角色。