當以太坊越過2600美元時，加密社區的刺激性

這一快速上升37％的上升背後是一個罕見的技術信號：持有實現的價格水平為1900美元。一個指標，結合了Petra升級

As Ethereum cheerfully crosses $2,600 this week, a thrill runs through the crypto community. Behind this rapid 37% rise lies a rare technical signal: the holding of the realized price level at $1,900. An indicator which, combined with the Petra upgrade, sketches an unprecedented bullish scenario. But why does this symbolic threshold electrify experts? A deep dive into the heart of a boiling market.

隨著以太坊在本周興高采烈的2,600美元時，加密社區的刺激性。這次快速上升的崛起背後是一個罕見的技術信號：持有實現的價格水平為1,900美元。一個指標與佩特拉升級相結合，繪製了一個前所未有的看漲場景。但是，為什麼這個符號閾值使專家呢？深入研究沸騰市場的心臟。

ETH Remains Above Realized Price – The Art of Reading Between the Lines

ETH仍然超過實現的價格 - 讀物之間閱讀的藝術

The realized price, often overlooked by beginners, acts like an electrocardiogram of the crypto market. It represents the average acquisition cost of circulating ETH. When the spot price exceeds it, as it has since mid-April, investors breathe easy: the majority of wallets are in the green. A subtle alchemy then takes place.

實現的價格通常被初學者忽略，就像加密市場的心電圖一樣。它代表了循環ETH的平均獲取成本。自從4月中旬以來，當現貨價格超過它時，投資者便輕鬆呼吸：大多數錢包都在綠色。然後發生微妙的煉金術。

According to Crazzyblockk, analyst at CryptoQuant, accumulation addresses – those hardened holders who store their ETH cryptos on Binance – play a key role. Their realized price at $1,900 now serves as a psychological floor. Better yet: recent ETH outflows from Binance reveal controlled profit-taking, a sign that the market is digesting sales without panicking.

Crazzyblockk的說法，CryptoQuant的分析師的積累地址（那些將其ETH加密貨物存儲在二耐心上的硬化持有人）發揮了關鍵作用。他們實現的價格為1,900美元，現在是心理場所。更好的是：Binance最近的ETH流出揭示了受控的盈利，這表明市場正在消化銷售而不會感到恐慌。

Yet, the real twist lies elsewhere. The Petra upgrade, by accelerating the burn of ETH, introduces artificial scarcity into the equation. Imagine a faucet narrowing while demand increases. The result? Ethereum’s technical and economic fundamentals align for the first time since 2021. A tango between reduced supply and renewed confidence.

然而，真正的轉折在於其他地方。 Petra升級通過加速ETH的燃燒，將人造稀缺性引入了方程式。想像一下，在需求增加的同時，水龍頭變窄。結果？自2021年以來，以太坊的技術和經濟基本面首次保持一致。供應量減少與新信心之間的探戈。

A Target of $5,791: Utopia or Prophecy?

目標$ 5,791：烏托邦或預言？

In this context, some analysts shine the spotlight. One dares a shock forecast: $5,791. A number that raises eyebrows but is based on ruthless logic. Historically, each Ethereum bull cycle has multiplied its previous peak by 5 to 7 times. Apply this ratio to the 2021 peak ($4,878), and the count adds up.

在這種情況下，一些分析師引起了人們的關注。一個人敢於震驚預測：5,791美元。一個引起眉毛但基於殘酷邏輯的數字。從歷史上看，每個以太坊牛週期都將其先前的高峰乘以5到7次。將此比率應用於2021峰（4,878美元），計數加起來。

Skeptics will object to crypto volatility. But the data speaks: the MVRV Ratio (Market Value to Realized Value), an average profitability indicator, remains moderate at 1.5. Translation? The crypto market is not overheated. Unlike 2017 or 2021, when speculative excesses preceded crashes, the current enthusiasm seems measured, almost methodical.

懷疑論者將反對加密visto。但是數據說：MVRV比率（市場價值與已實現價值）是平均盈利能力指標，在1.5處中等。翻譯？加密市場沒有過熱。與2017年或2021年不同，當投機性過剩之前發生崩潰時，當前的熱情似乎是有條不紊的。

The thorny question of catalysts remains. Institutional adoption, through potential spot ETFs, could act as detonators. Not to mention the network effect: the more Ethereum burns tokens, the more its scarcity attracts investors… who accelerate the burn. A virtuous loop worthy of an economic science-fiction scenario.

催化劑的棘手問題仍然存在。機構採用通過潛在的ETF可以充當雷管。更不用說網絡效應了：以太坊燃燒的代幣越多，其稀缺性吸引了投資者……加速燃燒的投資者。一個值得經濟科幻情景的良性循環。

Between strong technical signals and bold prophecies, Ethereum sails through statistically favorable waters. Holding above the realized price is not just a number: it is the symptom of a mature market where patience and strategy replace speculative fever. Time will tell if the fairy tale can withstand macroeconomic shocks. One certainty? Analysts have not stopped decoding every chart oscillation despite experts’ confidence regarding the altcoin season.

在強大的技術信號和大膽的預言之間，以太坊穿過統計上有利的水域。在實現的價格上方保持不僅僅是一個數字：它是一個成熟市場的症狀，耐心和策略取代投機熱。時間會證明童話是否可以承受宏觀經濟衝擊。一個確定性？儘管專家對Altcoin季節充滿信心，但分析師並沒有停止解碼每一個圖表振盪。