以太坊（ETH）顯示了最近的Pectra升級後的新強度，數據信號$ 3.8B流入

以太坊顯示，在最近的Pectra升級後，Ethereum的強度重新升高，鏈上的數據信號表明$ 3.8B的資本流入。

Recent data from Glassnode shows that Ethereum (ETH) has displayed remarkable resilience in recovering its on-chain fundamentals following the recent Pectra upgrade.

GlassNode的最新數據表明，在最近的Pectra升級後，以太坊（ETH）在恢復其鏈基本面方面表現出了顯著的彈性。

Since the #Pectra upgrade, #ETH’s Realized Cap – the total capital invested in the asset at the time it last moved on-chain – has surged from $240.8B (May 7) to $244.6B (May 19).

自#Pectra升級以來，＃ETH的實現CAP（上次移動鏈時投資於資產的總資本）已從240.8B（5月7日）飆升至244.6B美元（5月19日）。

That's a +$3.8B (+1.6%) rise and continues a 3-month recovery from lows of $234.3B in early February.

這是 +$ 3.8B（ +1.6％）上升，並從2月初的低點持續了3個月的回收率。

Between May 7 and May 19 alone, Ethereum’s Realized Capitalization increased from $240.8 billion to $244.6 billion.

僅在5月7日至5月19日之間，以太坊的實現資本化從2408億美元增加到2446億美元。

This $3.8 billion increment showcases a 1.6% surge and, more importantly, marks the termination of a three-month-long downtrend that commenced in early February.

這筆38億美元的增量顯示了1.6％的增長，更重要的是，標誌著2月初開始的三個月下降趨勢的終止。

The uptick in Realized Cap is often viewed as an indicator of renewed investor confidence, especially among long-term holders.

實現的上限的上升通常被視為重新投資者信心的指標，尤其是在長期持有人中。

It signals that capital is being invested in ETH at realized price levels, implying potential accumulation and a shift away from recent bearishcl trends.

它表明，資本正在以實現的價格水平投資於ETH，這意味著潛在的積累，並偏離了最近的看跌趨勢。

As Ethereum regains upward momentum on-chain, this shift could serve as the foundation for more sustainable growth, provided short-term market volatility doesn’t derail it.

隨著以太坊恢復鍊鍊的勢頭，這種轉變可以作為更可持續增長的基礎，前提是短期市場波動不會使它脫軌。

Overheating At $2.5K Resistance

$ 2.5K抵抗的過熱

While Ethereum’s on-chain fundamentals are showing signs of recovery, short-term market indicators suggest brewing tension as the asset approaches the $2,500 resistance level.

儘管以太坊的鏈基本面顯示出恢復的跡象，但短期市場指標表明，隨著資產接近2500美元的電阻水平，釀造緊張局勢。

According to CryptoQuant’s post, ETH is entering an “overheating” phase, marked by a sharp surge in trading volume across exchanges, and a short-term correction before the breakout is possible.

根據CryptoQuant的帖子，ETH進入了一個“過熱”階段，以交易所之間的交易量急劇增加，並且在突破之前進行了短期糾正。

A bubble chart by the analytics platform visualizes this dynamic, with volume spikes signaling heightened market activity, which is mainly being driven by profit-taking.

Analytics平台的氣泡圖表可視化這一動態，體積尖峰信號提高了市場活動，這主要是由獲利驅動的。

Ethereum Market Overheats: Potential Short-Term Correction Before Breakout

以太坊市場過熱：突破之前潛在的短期校正

"Ethereum’s approach to the critical $2.5K resistance level has led to overheating, characterised by a significant surge in trading volume... which is being driven by profit-taking."

“以太坊對關鍵的2.5萬美元阻力水平的方法導致了過熱，其特徵是交易量的大幅增長……這是由獲利驅動的。”

By @ShayanBTC7

由 @shayanbtc7

The $2.5K level carries psychological weight for traders and coincides with what analysts describe as a zone of “resting supply”—where sellers are more likely to unload their holdings.

2.5萬美元的水平為貿易商帶來了心理體重，並與分析師所說的“靜止供應”區域相吻合 - 賣家更有可能卸載其持股。

“The overheated condition over the last days may point to a likely short-term correction as the market cools down, paving the time for renewed accumulation,” the CryptoQuant’s post adds.

CryptoQuant的帖子補充說：“在最後幾天，過熱的狀況可能會表明，隨著市場的降溫，可能會進行短期糾正，從而為新的積累鋪平了時間。”

Historically, such volume-driven rallies into resistance zones often precede brief corrections, as overheated conditions ultimately force the market to cool down.

從歷史上看，這種體積驅動的集會進入阻力區域通常是在短暫糾正之前的，因為過熱的條件最終迫使市場冷靜下來。

ETH Supply Shock Predictions

ETH供應衝擊預測

In other news, a potential Ethereum supply shock may be brewing, according to new data shared by market analysts.

在其他新聞中，根據市場分析師共享的新數據，潛在的以太坊供應衝擊可能正在釀造。

The latest chart from Santiment shows that the percentage of ETH held on centralized exchanges has now reached its lowest point ever, while Bitcoin’s (BTC) ratio is at its lowest since November 2018.

Santiment的最新圖表表明，在集中式交流上持有的ETH的百分比現在已經達到了有史以來最低點，而比特幣（BTC）的比率是自2018年11月以來的最低點。

This signals that investors are increasingly transferring their coins into self-custody, a move frequently associated with long-term investment behavior.

這表明投資者越來越多地將其硬幣轉移到自我custody中，這一舉動經常與長期投資行為相關。

With less ETH in exchange wallets, it sets the stage for a classic supply shock scenario. If demand increases while exchange liquidity remains low, it could exert upward pressure on prices. Traders will be closely monitoring this trend as a potential catalyst for Ethereum’s next major price movement.

由於交換錢包中的ETH較少，它為經典的供應衝擊場景奠定了基礎。如果需求增加而交換流動性仍然較低，則可能對價格施加向上的壓力。貿易商將密切監視這一趨勢，以此作為以太坊下一個主要價格變動的潛在催化劑。