以太坊準備反彈嗎？這就是為什麼分析師在五月變成看漲的原因

經過連續五個月的表現緩慢，以太坊可能最終表現出生命的跡象。幾位分析師和市場觀察者指出，技術信號，鍊鍊活動以及即將到來的網絡改進的結合，這表明ETH可能處於強勁反彈的邊緣。

Ethereum has been struggling in recent months, but several analysts believe the lagging cryptocurrency could be due for a rebound in May.

以太坊近幾個月來一直在掙扎，但幾位分析師認為，落後的加密貨幣可能會在5月反彈。

One analyst highlighted the fact that this month has historically delivered some of ETH’s best returns.

一位分析師強調了一個事實，即本月曆史上已經帶來了ETH的一些最佳回報。

Several technical and on-chain signals also suggest that a move in the lagging cryptocurrency could be coming soon.

幾個技術和鏈上的信號也表明，滯後加密貨幣可能很快就會出現。

After five straight months of sluggish performance, Ethereum (ETH) might finally be showing signs of life. Several analysts and market watchers are pointing to a combination of technical signals, on-chain activity, and upcoming network improvements that suggest ETH could be on the verge of a strong rebound.

經過連續五個月的表現緩慢，以太坊（ETH）可能最終表現出生命的跡象。幾位分析師和市場觀察者指出，技術信號，鍊鍊活動以及即將到來的網絡改進的結合，這表明ETH可能處於強勁反彈的邊緣。

One of the more compelling reasons for optimism is seasonal.

樂觀的最令人信服的原因之一是季節性。

May has historically been kind to Ethereum. As noted by data from Coinglass, this month has delivered some of ETH’s best returns, with an average gain of over 27%. Of course, past performance doesn’t guarantee future returns, but the timing has traders paying closer attention.

梅歷史上對以太坊很友善。正如Coinglass的數據所指出的那樣，本月提供了ETH的一些最佳回報，平均收益超過27％。當然，過去的績效不能保證未來的回報，但是時機使交易者密切關注。

Analyst Cyclop believes this pattern will repeat itself, forecasting that Ethereum could reach the $2,500 mark by month’s end if momentum holds.

分析師Cyclop認為，這種模式將重複出現，預測以太坊如果動量保持時，以太坊可能會在月底達到2500美元。

Offical: May is the best month for Ethereum. Since 2015, it has delivered an average return of +26.94%.

官方：五月是以太坊的最佳月份。自2015年以來，它的平均回報率為 +26.94％。

This May, we might see a repeat of this pattern as on-chain signals and macro trends suggest a potential breakout for ETH.

這可能是，我們可能會看到這種模式的重複，因為鏈信號和宏觀趨勢表明ETH可能會突破。

Could we see $2,500 by month's end?

我們能在月底看到2,500美元嗎？

Let's break it down.

讓我們分解。

https://t.co/7787888386 pic.twitter.com/3u7E8q7Q8c

https://t.co/7787888386 pic.twitter.com/3U7E8Q7Q8C

— Cyclop (@TheCyclop_) May 4, 2024

- 獨眼巨人（@thecyclop_），2024年5月4日

On-chain indicators are also flashing green. The MVRV ratio, which compares ETH’s current market price to the average price at which coins last moved, has dropped to levels not seen since the 2020 COVID crash. Historically, dips this deep have preceded major rallies.

鏈上的指示器也閃爍綠色。 MVRV的比率將ETH的當前市場價格與硬幣上次移動的平均價格進行了比較，該價格已降至2020年Covid崩潰以來未見水平。從歷史上看，這一深度傾斜之前是主要集會。

One popular crypto analyst, who tracks the metric closely, sees it as a strong signal that ETH is undervalued.

一位受歡迎的加密分析師密切跟踪度量標準，認為這是ETH被低估的強烈信號。

ETH MVRV Ratio reaches lows last seen during the 2020 Covid Crash.

ETH MVRV的比率達到了2020年Covid崩潰期間的最低點。

This extreme undervaluation suggests a strong potential for an upcoming market rally.

這種極端的低估表明，即將舉行的市場集會具有強大的潛力。

Will we finally see the long-awaited crypto spring in 2024? Only time will tell.

我們終於會在2024年看到期待已久的加密春季嗎？只有時間會證明。

— Michaël van de Poppe (@CryptoMichNL) May 2, 2024

-MichaëlVande poppe（@cryptomichnl）2024年5月2日

Meanwhile, whale wallets are growing larger. According to recent data, addresses categorized as long-term accumulators increased their holdings by more than 22% from March to early May.

同時，鯨魚錢包越來越大。根據最近的數據，從3月到5月初，將其歸類為長期蓄能器將其持股量增加了22％以上。

Despite recent price weakness, these high-stakes holders haven’t flinched—and their conviction may be a key vote of confidence in Ethereum’s future.

儘管最近的價格疲軟，但這些高風險持有人並沒有退縮 - 他們的信念可能是對以太坊未來的信心投票。

In addition to the technical and on-chain signals, Ethereum is also set to receive a major network upgrade with the Pectra update, which is expected on May 7. The update aims to enhance user experience and wallet functionality, a move that could improve dApp usability and attract new users to the ecosystem.

除了技術和鍊鍊信號外，以太坊還將通過Pectra更新獲得主要網絡升級，該更新預計將於5月7日進行。該更新旨在增強用戶體驗和錢包功能，這一舉動可以提高DAPP可用性並吸引新用戶到生態系統。

That same day, the Federal Reserve is expected to announce its latest interest rate decision. If the outcome is market-friendly, it could act as a catalyst, adding fuel to Ethereum’s potential breakout.

同一天，美聯儲預計將宣布其最新的利率決定。如果結果對市場友好，它可以充當催化劑，從而為以太坊的潛在突破增加了燃料。

With historical trends, undervaluation signals, smart money activity, and a major network upgrade all lining up, ETH may be entering one of its most promising stretches in months.

隨著歷史趨勢，低估的信號，智能貨幣活動和主要網絡的升級，ETH可能會在幾個月內進入其最有希望的延伸之一。

Still, macro headwinds remain in play, and investors are keeping one eye on Washington as they place their bets on crypto’s second-largest asset.

儘管如此，宏觀逆風仍在發揮作用，投資者仍在關注華盛頓，因為他們將賭注放在加密貨幣的第二大資產上。