在過去的一周中，關於ETH價格的看漲跡象，但這些信號與長期持有人更加一致

在過去的一周中，關於ETH價格的看漲跡象，但信號與長期持有人更加一致。

The past week has seen a couple of bullish indications on ETH price, but the signals were more aligned with the long-term holders. Keep on reading to learn more about future ETH pr movements.

在過去的一周中，關於ETH價格的看漲跡象，但信號與長期持有人更加一致。繼續閱讀以了解有關未來的ETH PR運動的更多信息。

Massive ETH Withdrawal From Exchanges

從交流中大量退出ETH

Ethereum tokens had been flowing out at a high rate that was similar to the $380 million taken from centralized exchanges during the previous week.

以太坊令牌的流動率很高，類似於上週從集中式交易所獲得的3.8億美元。

The data chart showed that BTC and ETH saw rising withdrawal patterns since 2019. It reached new highs for ETH at Binance in early 2025 and has continued into the current period.

數據圖顯示，BTC和ETH的撤回模式自2019年以來的增加。它在2025年初達到了ETH的新高點，並一直持續到當前時期。

Strong accumulation patterns were mostly observed among whales during this period. The daily netflows underwent variations that produced a massive $166 million dip on April 26 before ETH price increased to above $1,750.

在此期間，在鯨魚之間大多觀察到強大的積累模式。每日Netfrows經歷了4月26日的巨額銷量下降的變化，而ETH價格上漲至1,750美元。

The relationship between increased ETH price and increased net outflows suggested that sell pressure in the market was decreasing. It created a positive sentiment among traders. The rise in cost action may lead to profit taking or financing concerns if the market players do not sustain the price rise.

ETH價格上漲與淨流出增加之間的關係表明，市場銷售壓力正在減少。它在交易者中產生了積極的情緒。如果市場參與者不維持價格上漲，成本行動的上升可能會導致利潤或融資問題。

Long-term outflow normally indicated bullish signs, but a neutral stance appeared sensible as unexpected market occurrences were capable of reversing the prevailing direction.

長期流出通常表示看漲的跡象，但是中立的立場似乎是明智的，因為意外的市場發生能夠逆轉現行方向。

ETH’s short-term bullish trend could be more robust as long-term outflows have matched with rising price activity. It showed confidence as holders looked to keep their tokens.

ETH的短期看漲趨勢可能會更加強大，因為長期流出與價格上漲相匹配。當持有人希望保留其令牌時，它表現出了信心。

Ethereum’s MVRV-Score

以太坊的MVRV得分

Assessing Ethereum’s modern MVRV Z-rating suggested the altcoin was in an undervalued position because the MVRV Z-rating was placed close to 0. ETH price usually experienced major rallies after its MVRV fell below zero during past events in 2018, 2020, and June 2022.

評估以太坊的現代MVRV Z分率表明，由於MVRV Z率接近0，因此Altcoin處於被低估的位置。 ETH Price通常在2018年，2020年和2022年6月的過去事件中MVRV低於零之後經歷了重大集會。

An ETH price surge from $100 to $4000 occurred after the MVRV rate registered negative levels during the initial part of 2020.

在2020年最初的MVRV率記錄了負水平之後，ETH價格上漲從100美元到4000美元。

When writing, the Z-score showed signs of a bottoming trend since the indicator had come back to the accumulation area. It suggested that holders were experiencing minimal unrealized profits.

寫作時，Z分數顯示出底部趨勢的跡象，因為該指標已經返回累積區域。它建議持有人的利潤最少。

The ratio of 180-day MDIA helped distinguish between short-term investor panic and extended holding periods.

180天MDIA的比率有助於區分短期投資者的恐慌和延長的控股期。

The previous market trends indicated that ETH price could recover as long-term holders would likely re-enter the market. At the same time, low MVRV could point to weak demand or show an excessive decline in investor base.

以前的市場趨勢表明，由於長期持有人可能會重新進入市場，ETH價格可以恢復。同時，低MVRV可能指出需求疲軟或表現出投資者基礎的過度下降。

When writing, the ETH price position below $3,000 allowed MVRV indicators to detect low market values. However, such values may trigger more market losses if historical support boundaries fail to hold. Market sentiment growth could boost the Z-score while possibly starting an upward price momentum.

在寫作時，ETH價格頭寸低於$ 3,000，允許MVRV指標檢測到較低的市場價值。但是，如果歷史支持邊界未能持有，這種價值可能會觸發更多的市場損失。市場情緒增長可以提高Z分數，同時可能會開始上漲的價格勢頭。

How Will ETH Price React To Investors’ Position?

ETH價格對投資者的立場有何反應？

In the last one year, ETH maintained values below its 365-day simple moving average of $2,849 while it existed at the current trading levels around $1,851.60.

在過去的一年中，ETH的價值低於其365天簡單的移動平均值2,849美元，而目前的交易水平約為1,851.60美元。

The price data showed that ETH was waiting to validate its macro bullish trend. Historical price rallies directly occurred when short-term investor numbers (ETH Traders) surpassed 4 million.

價格數據顯示，ETH正在等待驗證其宏觀看漲趨勢。當短期投資者人數（ETH Traders）超過400萬時，歷史價格集會直接發生。

The trader count was 3.92 million at press time. It indicated that short-term market momentum remained under control.

交易者計數在發稿時為392萬。這表明短期市場勢頭仍處於控制之下。

A price breakout may become possible when retail investor interest increases enough to recover the 4M level. The failure to reclaim this zone would probably generate extended periods of consolidation.

當散戶投資者的利息足夠增加以恢復400萬水平時，價格突破可能會成為可能。未能收回該區域可能會產生延長的合併期。

ETH Holders showed consistent growth since last year and currently count 104.26 million members. The long-term market sentiment toward ETH remained positive based on the extended accumulation trends.

自去年以來，ETH持有人表現出一致的增長，目前為1.026億成員。根據擴展的積累趨勢，對ETH的長期市場情緒仍然是積極的。

Price recovery in the short term would probably stay restricted until it manages to break through SMA365 resistance. A bullish signal would emerge if ETH price exceeds the 7-day SMA and the traders’ count reaches 4M or higher. That will indicate possible $3,000 target levels.

短期內的價格恢復可能會受到限制，直到設法通過SMA365阻力破裂為止。如果ETH價格超過7天SMA，交易者的數量達到400萬或更高，則將出現看漲信號。這將表明可能的3,000美元目標水平。