以太坊的（ETH）最近的向上攀登本週在2,800美元大約遇到了嚴重的障礙

GlassNode的新鮮鏈上數據表明，這個地方是一個主要的供應區，並帶有長期持有人的職位，許多投資者購買了

Recent on-chain data from Glassnode has revealed that Ethereum’s (ETH) latest upward push encountered a snag at the $2,800 price point. This zone is a major supply zone with long-term holder positions.

GlassNode的最新鏈上數據表明，以太坊（ETH）的最新向上推動遇到了一個以2,800美元的價格點遇到的障礙。該區域是具有長期持有人位置的主要供應區。

According to Glassnode's cost-basis heatmap, there’s a significant cluster of investor cost basis levels around $2,800 for $ETH. As price approaches this zone, sell-side pressure may increase as many previously underwater holders may look to derisk near breakeven.

根據GlassNode的成本基礎熱圖，$ ETH的投資者成本基礎水平約為2,800美元。隨著價格接近該區域，賣方壓力可能會增加，因為許多以前的水下持有人可能希望附近的收支平衡。

Source: Glassnode

來源：玻璃節

The crypto price dropped from highs of around $3,800 in December 2024 to lows of $1,600 in May 2025. From that March low, the crypto price has recovered to test the $2,800 price point again.

加密價格從2024年12月的3,800美元左右下跌，至2025年5月的低點。從3月的低點開始，加密貨幣價格已恢復，以再次測試2,800美元的價格點。

During the first quarter of 2025 market downturn, there was a strong shift in lower price ranges for Ethereum. The supply density is seen to be increasing between the $1,600 and $2,000 price ranges.

在2025年的第一季度下跌，以太坊價格較低的價格範圍有很大變化。供應密度被認為增加了1,600美元至2,000美元的價格範圍。

This is the range that later facilitated Ethereum’s price rebound in May 2025. As the crypto price tested lows of $1,600 in March of 2025, it presented an opportunity for accumulation.

這是後來在2025年5月促進以太坊的價格籃板的範圍。由於加密價格在2025年3月測試了1,600美元的低點，因此為積累提供了機會。

However, the bulk of the selling activity is seen to be at the $2,800 price point as it is the upper boundary that ETH has yet to decisively penetrate.

但是，大部分銷售活動被認為是2,800美元的價格點，因為它是ETH尚未果斷地穿透的上限。

If Ethereum can pierce through this $2,800 level sustained volume, it might convert previous resistance levels into new support.

如果以太坊可以刺穿這一$ 2,800級別的持續數量，則可能會將以前的阻力水平轉化為新的支持。

Without a strong breakout, the continuation of the price bumping against this heavy supply band could fatigue buyers and trigger profit-taking or defensive selling from nervous holders.

如果沒有強烈的突破，對這個重型供應帶的價格上漲可能會疲勞買家，並從神經持有者那裡觸發利潤或防禦性銷售。

Another angle highlighted by CryptoQuant’s data is that Ethereum’s recent price gains aren’t yet being fully mirrored by a proportional jump in its daily active address activity.

CryptoQuant數據突出顯示的另一個角度是，以太坊最近的價格上漲尚未完全通過其日常活動地址活動的比例跳躍完全反映。

As of May 2025, ETH has climbed back to around $2,500. But the number of active addresses is still seen to be at around 340,800.

截至2025年5月，ETH已攀升至2500美元左右。但是，活動地址的數量仍然被認為約為340,800。

This figure, while a slight uptick from the sub-300,000 levels earlier in the year, lags behind the steeper spikes in address activity seen during late 2023 and early 2024.

這個數字雖然從今年早些時候的300,000級水平略有上升，但落後於2023年底和2024年初的地址活動的陡峭尖峰。

If we look at previous trends, usually, large surges in active addresses accompany periods of rapid price rallies or signal the formation of local price tops.

如果我們查看以前的趨勢，通常會伴隨著快速價格集會時的主動地址的大​​幅度飆升，或者表示當地價格上漲的形成。

The contrast here—price up, but new active user growth relatively flat—suggests that existing participants, rather than new traders, might be the main factor driving Ethereum’s latest price move.

這裡的對比（價格上漲，但新的活躍用戶增長相對平坦）表明，現有參與者而不是新交易者可能是推動以太坊最新價格轉移的主要因素。

This signals that the recent price gains might be more closely linked to changes in liquidity preferences or leveraged trading activity among existing traders.

這表明最近的價格上漲可能與現有交易者之間流動性偏好或槓桿交易活動的變化更加緊密聯繫。

Just as this report is being put together, the crypto price saw a 3.46% in the 24-hour trading period to $2,567.78.

正如這份報告合併在一起一樣，加密貨幣價格在24小時交易期間為3.46％，至2,567.78美元。

This marks a drop of over $100 from its high just the prior day, and its market capitalization slipped to $309.99 billion, while trading volume ticked up by 8.77% to $22.81 billion.

這標誌著從上一天的高點下降了100美元，其市值下降至309.9億美元，而交易量則提高了8.77％，達到228.1億美元。

This increased volume alongside a price drop could indicate a surge in liquidity as sell orders hit the market, potentially triggering stop-loss orders.

隨著賣出訂單的投入，可能會觸發停止損失的訂單，而價格下降的量增加可能表明流動性激增。

Also, the cryptocurrency’s inability to sustain its gains above the $2,600 price point after testing this level on May 12 and 13 could be a factor in today’s downturn.

同樣，加密貨幣無法維持其在5月12日和13日測試此水平後的2,600美元價格上的增長，這可能是當今衰退的一個因素。

This showcases the strength of the $2,800 resistance area, which traders will be closely watching to see if it can be breached.

這展示了2,800美元的電阻區的強度，交易員將密切關注該區域，以查看是否可以破壞它。