以太幣價格面臨更多短期調整的風險

從上圖可以看出，當 10 月 15 日星期二價格達到 2,628 美元的峰值時，以太坊未平倉合約已升至 130.8 億美元。

A technical analysis of Ethereum price movements shows that traders closed out their positions after the second-largest cryptocurrency by market cap hit a peak price of $2,628 on Tuesday, Oct 15.

以太坊價格走勢的技術分析顯示，在市值第二大的加密貨幣於 10 月 15 日星期二觸及 2,628 美元的峰值價格後，交易者平倉。

According to data from Coinglass, Ethereum Open Interest reached $13.08 billion at the time, but has since declined to $12.77 billion at the time of writing on Oct 17. This marks a capital outflow of over $310 million within the last 48-hours.

根據 Coinglass 的數據，以太坊未平倉合約當時達到 130.8 億美元，但截至 10 月 17 日撰寫本文時已降至 127.7 億美元。

Usually, when open interest begins to decline as key resistance levels are tested, strategic investors may interpret this as a short-term bearish signal for two key reasons.

通常，當未平倉合約隨著關鍵阻力位受到測試而開始下降時，策略投資者可能會將其解讀為短期看跌訊號，原因有兩個。

This behavior indicates that the buying pressure is weakening, which can prevent further upward price movement.

這種行為表明購買壓力正在減弱，這可以阻止價格進一步上漲。

In Ethereum’s case, the $2,628 price point appears to be a formidable resistance level, and without sustained bullish momentum or fresh capital inflows, the likelihood of a retracement increases.

就以太坊而言，2,628 美元的價格點似乎是一個強大的阻力位，如果沒有持續的看漲勢頭或新的資本流入，回調的可能性就會增加。

Consequently, unless new buyers step in to support the $2,600 breakout attempt, Ethereum could be vulnerable to a short-term pullback towards lower support levels, potentially closer to the $2,500 range.

因此，除非有新買家介入以支持 2,600 美元的突破嘗試，否則以太坊可能會受到短期回調，跌向較低的支撐位，可能接近 2,500 美元的區間。

The second interpretation of declining open interest is that it can be viewed as a derivative market “sell the news” event. This occurs when traders anticipate an event (such as a price peak) and build up positions accordingly.

持倉量下降的第二種解釋是，它可以被視為衍生性商品市場的「賣出消息」事件。當交易者預測某個事件（例如價格峰值）並相應建立頭寸時，就會發生這種情況。

However, once the event takes place and prices begin to move in the anticipated direction, these traders quickly close out their positions to secure profits or minimize losses, leading to a decrease in open interest.

然而，一旦事件發生並且價格開始朝預期方向移動，這些交易者就會迅速平倉以確保利潤或最大程度地減少損失，從而導致未平倉合約減少。

This behavior can be seen in the case of Ethereum, where traders may have expected the coin to continue rising after hitting $2,628, but instead began closing out their positions as prices showed signs of pulling back.

這種行為可以在以太坊的例子中看到，交易者可能會預計該代幣在觸及 2,628 美元後將繼續上漲，但隨著價格出現回調跡象，他們開始平倉。

Overall, the decline in Ethereum Open Interest suggests that traders are becoming less optimistic about the coin’s short-term price movements. This could indicate a potential for further price corrections in the coming days.

總體而言，以太坊持倉量的下降表明交易者對該代幣的短期價格走勢變得不那麼樂觀。這可能表明未來幾天價格可能會進一步調整。