以太坊（ETH）價格下跌4.5％，至2,380美元左右

下降開始後，ETH跌至2530美元左右的關鍵支援區以下，隨著貿易商的槓杆位置被銷售，觸發了超過2億美元的長期清算。

Ethereum (ETH) price slipped over 4.5 percent in the last 24 hours to trade around $2,380 on Thursday, succumbing to a combination of technical, macroeconomic, and market structure headwinds that unfolded throughout the course of the week.

以太坊（ETH）的價格在過去的24小時內下跌了4.5％以上，在周四的2,380美元左右交易，屈服於整個一周過程中發展的技術，宏觀經濟和市場結構的結合。

This pushed the cryptocurrency down from PKR 704,396 on May 18 to trade at PKR 679,782 today, incurring a PKR 24,614 loss per coin.

這將加密貨幣從5月18日的PKR 704,396降低到今天的PKR 679,782，每幣造成PKR 24,614損失。

Ethereum Price Drops As Key Support Breaks

當關鍵支持中斷時，以太坊價格下跌

The decline in ETH price began after it plunged below a key support zone around $2,530, which triggered over $200 million in long liquidations as traders’ leveraged positions were force sold.

ETH價格下降開始後，它跌至2530美元左右的關鍵支持區以下，這導致了超過2億美元的長期清算，因為貿易商的槓杆位置被賣出。

The decrease in technical support, converging with a broader pullback in the crypto market and decreased institutional interest, cascaded further, shifting the Relative Strength Index (RSI) from overbought extremes of 86 to 38. This signaled a stronger bearish bias and profit-taking opportunities.

技術支持的下降，與加密貨幣市場的更廣泛回調相聚，並減少了機構的利益，進一步累積了，將相對強度指數（RSI）從86的極端轉變為86號到38。

Highlighting the technical breakdown, the crypto slid below its 50-day simple moving average at $2,530. Several analysts had identified this level as critical due to the Fibonacci retracement and reaction from this zone in March.

強調技術故障，加密貨幣滑行到其50天的簡單移動平均值以下，為2,530美元。由於三月份的斐波那契回波和反應，幾位分析師認為該水平至關重要。

Institutions Unwind Ethereum ETF Holdings

機構放鬆以太坊ETF持有

The Spot Ethereum ETF has also seen decreased interest, reporting over $94 million in outflows over the past two weeks. This indicates that the demand for ETH exposure from institutions is modest.

Ethereum ETF的興趣也有所下降，在過去的兩周中報告了超過9400萬美元的外流。這表明對機構的ETH暴露需求是適中的。

In derivatives markets, funding rates shifted to the negative, and open interest decreased to $16.7 billion, a 48 percent decrease from the January highs. This suggests that speculative participation is waning and bearish sentiment is rising.

在衍生品市場中，融資率轉移到負面，開放利息降至167億美元，比一月份的高點降低了48％。這表明投機性參與正在減弱，看跌情緒正在上升。

Buy The Dip or Further Down?

購買蘸醬還是進一步？

Several analysts view the current pullback as an opportunity to purchase ETH before it continues its broader uptrend towards $3,000 and beyond, especially with levels around $2,400 presenting a strong entry point.

幾位分析師將當前的回調視為購買ETH之前購買ETH的機會，然後它將其延續到3,000美元及以上的$ 3,000及以上，尤其是在2,400美元約為2400美元的水平上，提出了一個強大的入口處。

Technical patterns such as the weekly Stochastic RSI indicate that there is additional space before reaching overbought extremes again, while pseudonymous traders are preparing for the $2,330 to $2,274 range as critical support.

每週隨機RSI之類的技術模式表明，在再次達到極端定制之前還有額外的空間，而化名交易者正在為2,330美元至2,274美元的範圍做準備，作為關鍵支持。

However, the lack of interest from institutions and decreasing speculative participation might put further downward pressure on ETH if there isn't a strong catalyst for a recovery.

但是，如果沒有強大的催化劑恢復，機構缺乏興趣和投機參與的減少可能會對ETH產生進一步的向下壓力。

Despite the recent setbacks, Ethereum’s ongoing scaling and network fortifying initiatives will be crucial for a sustained recovery in price and interest.

儘管最近遇到了挫折，但以太坊的持續擴展和網絡加強計劃對於持續的價格和利息恢復至關重要。

Moreover, broader crypto market sentiment following the recent setback from March highs and renewed institutional inflows will be closely watched to gauge the potential for a return to higher highs in the coming months.

此外，將密切關注3月高高和新的機構流入後，更廣泛的加密市場情緒，以衡量未來幾個月重返更高高點的可能性。