由於與以太坊 (ETH) 的相關性減弱，Uniswap (UNI) 將進一步下跌

這一點的證據反映在交易所淨部位變化。根據我們的分析，Uniswap 的交易所淨部位變化為 733

Uniswap’s [UNI] price has failed to move in the same direction as Ethereum’s [ETH] price over the last seven days. At press time, UNI changed hands at $9.98 after noting a 2.22% increase within the same period.

在過去 7 天裡，Uniswap 的 [UNI] 價格未能與以太坊 [ETH] 價格走勢相同。截至發稿時，UNI 同期價格上漲 2.22%，交易價格為 9.98 美元。

ETH’s price, on the other hand, was $3,687. This marked a 2.56% decrease within the same period. However, that is not the major issue at hand.

另一方面，ETH 的價格為 3,687 美元。這標誌著同期下降了 2.56%。然而，這不是當前的主要問題。

Something AMBCrypto observed using on-chain data from Glassnode was that the tides could soon change.

AMBCrypto 使用 Glassnode 的鏈上資料觀察到，潮流可能很快就會改變。

The correlation goes off

相關性消失

Evidence of this was reflected in the Exchange Net Position Change. According to our analysis, Uniswap’s Exchange Net Position Change was 733,683 on the 8th of June.

這一點的證據反映在交易所淨部位變化。根據我們的分析，Uniswap 6 月 8 日的交易所淨部位變化為 733,683。

This metric is the total supply of tokens held in exchange wallets. If it is positive, it means that more tokens are going into exchanges, and this could lead to a price decrease.

此指標是交易所錢包中持有的代幣的總供應量。如果是正數，則意味著更多的代幣進入交易所，這可能會導致價格下跌。

However, a negative reading suggests a surge in withdrawals, which could lower selling pressure. For UNI, the number of tokens held on exchanges has been increasing since the 3rd of June.

然而，負面數據表明提款激增，這可能會降低拋售壓力。對於 UNI 來說，自 6 月 3 日以來，交易所持有的代幣數量一直在增加。

Therefore, there is a high chance that the price of the token could lose hold on the $9 region if the supply remains positive. However, it was a different ball game for Ethereum.

因此，如果供應量保持正值，代幣的價格很可能會失去對 9 美元區域的控制。然而，對於以太坊來說，這是一場不同的比賽。

An evaluation of the same metric with ETH indicated an increase in coins taken off exchanges. According to Glassnode, about 576,851 ETH was withdrawn from exchanges on the same day 733,683 UNI tokens flowed in.

對 ETH 進行相同指標的評估表明，從交易所撤出的代幣數量有所增加。根據 Glassnode 的數據，大約 576,851 ETH 從交易所撤出，同一天有 733,683 UNI 代幣流入。

UNI is set to fall further

UNI將進一步下跌

Therefore, it is possible to see the price of UNI fall while ETH could be in line for a swift recovery.

因此，UNI 的價格可能會下跌，而 ETH 的價格可能會迅速復甦。

If validated, this could be contrary to the price performance of the cryptocurrencies when the U.S. SEC approved spot Ethereum ETFs.

如果得到驗證，這可能與美國 SEC 批准現貨以太坊 ETF 時加密貨幣的價格表現相反。

In the build-up to the announcement, ETH’s price jumped, and UNI’s connection with the blockchain ensured it followed in the same direction. But how low can UNI go this time?

在公告發布之前，ETH 的價格上漲，而 UNI 與區塊鏈的連接確保了其價格上漲。但這次UNI能走多低呢？

To check the possible targets, AMBCrypto analyzed the Weighted Sentiment, which shows the perception market participants have around a project. At press time, the Weighted Sentiment was -0.173.

為了檢查可能的目標，AMBCrypto 分析了加權情緒，它顯示了市場參與者對專案的看法。截至發稿時，加權情緒為-0.173。

This negative reading suggests that most comments about Uniswap tilted toward the bearish side of things. Thus, demand for the token could drop, and could trigger a price decrease.

這種負面解讀表明，大多數有關 Uniswap 的評論都傾向於看跌。因此，對代幣的需求可能會下降，並可能引發價格下跌。

In addition, the Market Value to Realized Value (MVRV) Z Score which was 27% a few days ago was down to 23.58%. When the MVRV Z Score is positive, it implies that the token is in a bull phase.

此外，市值與已實現價值（MVRV）Z 分數由前幾天的 27% 降至 23.58%。當 MVRV Z 分數為正值時，表示代幣處於多頭階段。

On the other hand, a negative ratio suggests a fall into the bear cycle. However, the recent decrease does not mean that UNI is dropping into a bear phase. But it is a sign that the price could slip down the charts.

另一方面，負比率表示陷入熊市週期。然而，近期的下跌並不意味著UNI正在進入熊市階段。但這是一個跡象，表明價格可能會下滑。

By the look of things, a drawdown to $9.20 seems quite possible.

從目前情況來看，回撤至 9.20 美元似乎是很有可能的。