上周強勁的45％激增後，以太坊恢復了強度

經過幾個月的表現不佳和看跌情緒，ETH的突然實力將投資者轉移到Altcoin市場

A technical analysis by analyst Daan has revealed the massive scale of Ethereum's recent surge, highlighting the largest weekly candle in years and a potential turning point for the cryptocurrency.

分析師Daan的技術分析揭示了以太坊最近激增的大規模範圍，強調了多年來每週最大的蠟燭，也是加密貨幣的潛在轉折點。

As the dust settles on a remarkable price move that saw Ethereum (ETH) surge by 45% last week to reclaim a key price zone, analysts are beginning to highlight the magnitude of this rally and what it could mean for the next stage of the market cycle. As the second-largest cryptocurrency by market cap continues to press into critical resistance levels, investors are growing increasingly interested in the possibility of a broader altseason unfolding.

隨著塵埃上週的出色價格轉移，上週以太坊（ETH）增加了45％以收回關鍵價格區，分析師開始突出該集會的幅度，以及在下一階段的市場週期中可能意味著什麼。隨著劃分的第二大加密貨幣繼續進入關鍵的阻力水平，投資者對更廣泛的Altseason展開的可能性越來越感興趣。

After months of bearish sentiment and outflows from the altcoin market, shifting investor focus back to Bitcoin, ETH's sudden strength has sparked speculation that capital may finally be rotating back into smaller assets. This shift in attention comes as macroeconomic uncertainty lessens and some of the riskiest assets, like memecoins, experience strong rallies.

經過幾個月的看跌情緒和替補市場的流出，將投資者的重點轉移到了比特幣上，ETH的突然實力引發了人們的猜測，即資本最終可能會轉移到較小的資產中。這種關注的轉變是因為宏觀經濟不確定性減少了一些風險的資產，例如Memecoins經歷了強烈的集會。

Analyst Daan Contributes Fresh Perspective

分析師Daan貢獻了新的視角

While many analysts have focused on the memecoin mania and Bitcoin's price action, Daan, a well-known crypto analyst, shared a technical analysis post highlighting the significance of Ethereum's recent move. According to Daan, the massive weekly candle—one of the largest in years—was driven by a combination of technical breakout and short squeezes, as a large number of bearish positions were caught off guard.

儘管許多分析師都專注於Memecoin躁狂症和比特幣的價格行動，但著名的加密分析師Daan分享了一項技術分析文章，強調了以太坊最近舉動的重要性。根據Daan的說法，大量的每週蠟燭（幾年中最大的蠟燭）是由技術突破和短暫擠壓組合的組合所驅動的，因為大量看跌位置措手不及。

This surge not only invalidated recent bearish structures but also marked a structural shift in momentum. With Ethereum now pressing into new territory and investor confidence rising, the market appears poised for renewed strength. If ETH continues to hold above current levels, it could pave the way for altcoins to follow in what may become the strongest altseason since 2021.

這種激增不僅使最近的看跌結構無效，而且標誌著動量的結構轉移。隨著以太坊現在緊迫進入新的領域，投資者的信心上升，市場似乎有望為新的實力提供準備。如果ETH繼續保持高於目前的水平，那麼Altcoins可能會為可能成為2021年以來最強大的季后賽的道路鋪平道路。

"This is a big level for ETH. Last week's candle was the biggest weekly candle in years as we saw a massive short squeeze on this move. A lot of bearish positions got liquidated quickly, fueled by the technical breakout at the 200-week EMA and SMA, leading to a sharp price increase. We're also seeing high volume on this move, indicating strong participation in the market."

“對於ETH來說，這是一個很大的水平。上週的蠟燭是多年來最大的每週蠟燭，因為我們看到這一舉動的短暫擠壓。許多看跌的位置很快就被清算了，這在200週的EMA和SMA上的技術突破加劇了，導致價格急劇上升。我們在這一舉動中也看到了很大的投入，表明了市場的強勁參與。”

"As we move into the next phase of this rally, we'll need to manage the volatility. We can play this level by level and see how it unfolds. Keep an eye on next week's price action to see where the altcoins will be picked up after the squeezes are done."

“隨著我們進入這次集會的下一個階段，我們需要管理波動率。我們可以按這個水平扮演此水平，看看它是如何展開的。請密切關注下週的價格動作，以查看擠壓完成後將在何處拾取AltCoins。”

This moment is crucial not only for Ethereum but also for the broader altcoin market. ETH's recovery is often a leading indicator of renewed risk appetite and capital rotation into smaller assets. With bulls now in control and price pressing into a key supply zone, how Ethereum behaves over the coming days could determine whether altseason truly begins—or whether this rally was just a reaction to overly bearish positioning. Either way, ETH's strength has put the market back on alert.

這一刻不僅對以太坊至關重要，而且對於更廣泛的山寨幣市場至關重要。 ETH的恢復通常是新的風險食慾和資本旋轉為較小資產的主要指標。隨著公牛現在的控制和價格進入鑰匙供應區，以太坊在接下來的日子裡的行為如何決定阿爾特賽季是否真正開始，或者這次集會是否只是對過於看跌的定位的反應。無論哪種方式，ETH的實力都使市場恢復了戒備。

Technical View: Price Surges Above Weekly Moving Averages

技術視圖：價格飆升以上每週移動平均

Ethereum is showing clear signs of recovery on the weekly timeframe, breaking decisively above the 200-week exponential moving average (EMA) and simple moving average (SMA) for the first time since its downtrend began earlier this year. After reaching a weekly low below $1,400 just a few weeks ago, ETH has rallied aggressively, closing this week near $2,555—a 45% surge that marks its most explosive candle in over a year.

以太坊在每週的時間範圍內顯示出明顯的恢復跡象，自從今年早些時候開始下降以來，首次果斷地超過了200週的指數移動平均線（EMA）和簡單的移動平均線（SMA）。在幾週前，每周至1,400美元低於1,400美元的低點之後，ETH積極集會，本週收於2555美元，這是一年多以來最爆炸性的蠟燭，這是一年多的爆炸性蠟燭。

The chart shows ETH pushing past the 200-week EMA at ~$2,259 and reclaiming the 200-week SMA at ~$2,451. Analysts often use these two long-term trend indicators to distinguish between bear and bull market phases. Ethereum's ability to close above both signals a potential shift in sentiment and structure, especially after months of lower highs and declining volume.

圖表顯示，ETH將200週的EMA推高約2,259美元，並以約2,451美元的價格收回了200週的SMA。分析師經常使用這兩個長期趨勢指標來區分熊市和牛市階段。以太坊超越這兩個信號的能力可能會發生情感和結構的潛在轉變，尤其是在較低的高點和數量下降之後。

Volume on this breakout is also notable. The past two weeks have seen a significant uptick in participation, suggesting this move isn't just a short squeeze, but potentially the start of a broader recovery trend. ETH still faces resistance in the $2,700–$2,800 zone, but reclaiming this range could open the door for a sustained rally into Q3. The next few candles will be key in confirming this bullish reversal.

此突破的音量也很值得注意。在過去的兩個星期中，參與的大幅提升，這表明這一舉動不僅是短暫的擠壓，而且可能是更廣泛的恢復趨勢的開始。 ETH仍然面臨2,700- $ 2,800的區域的阻力，但是收回此範圍可能會為第三季度的持續集會打開大門。接下來的幾支蠟燭將是證實這種看漲的逆轉的關鍵。