以太坊（ETH）触底反弹，准备创历史新高（ATH）

以太坊（ETH）最糟糕的时期似乎已经过去，因为各种指标表明，按市值计算的第二大加密货币已经触底。

Various metrics indicate that the bottom may already be in for Ethereum (ETH), suggesting a potential move toward a new all-time high (ATH).

各种指标表明以太坊（ETH）可能已经触底，这表明以太坊有可能迈向新的历史高点（ATH）。

According to data from the onchain analytics platform Glassnode, the lowest pricing level for Ethereum’s market value to realized value (MVRV) is at $1,687. This measure estimates the low or high points a token may reach in a market cycle based on unrealized losses or profits.

根据链上分析平台 Glassnode 的数据，以太坊的市值与实现价值 (MVRV) 的最低定价水平为 1,687 美元。该指标根据未实现的损失或利润来估计代币在市场周期中可能达到的低点或高点。

notably, Ethereum dropped to as low as $2,200 following the market crash on August 5. This price level closely aligns with the $2,109 MVRV pricing band highlighted by Glassnode.

值得注意的是，在 8 月 5 日市场崩盘后，以太坊跌至 2,200 美元。这一价格水平与 Glassnode 强调的 2,109 美元 MVRV 定价区间密切相关。

In parallel, there’s a drastic decline in the percentage of ETH’s supply held on exchanges to below 10%, as noted by Glassnode. This decline is significant as it potentially reduces the selling pressure on Ethereum, paving the way for a massive rally, provided investors continue to hold their assets.

与此同时，正如 Glassnode 指出的那样，交易所持有的 ETH 供应量比例急剧下降至 10% 以下。这种下跌意义重大，因为它可能会减轻以太坊的抛售压力，为投资者继续持有其资产的大规模反弹铺平道路。

Moreover, Glassnode's data suggests that Ethereum could rise above $5,000, reaching as high as $6,759, which is currently the highest MVRV pricing level for the crypto. This price level could signify the market top for Ethereum in this bull run.

此外，Glassnode 的数据表明，以太坊可能会升至 5,000 美元以上，最高达到 6,759 美元，这是目前加密货币的最高 MVRV 定价水平。这一价格水平可能标志着以太坊在本次牛市中的市场顶部。

Two metrics highlighted in a recent blog post on the onchain analytics platform Cryptoquant indicate that Ethereum is gearing up for its next leg up.

链上分析平台 Cryptoquant 最近发表的一篇博客文章中强调的两个指标表明，以太坊正在为下一步的发展做好准备。

One of these metrics is the Taker Buy-Sell Ratio, which calculates the ratio of Ethereum buyers to sellers. This metric has turned positive again, demonstrating that Ethereum bulls are regaining strength and are mitigating selling pressure from the bears.

这些指标之一是接受者买卖比率，它计算以太坊买家与卖家的比率。该指标再次转为正数，表明以太坊多头正在恢复力量，并正在减轻空头的抛售压力。

Another significant metric is Ethereum’s open interest (OI), which is on the rise again after dropping to $7 billion following the August 5 market crash. Data from Coinglass shows that the OI currently stands at 10.81 billion, indicating that leveraged players are returning to the market. This is noteworthy as trading volume in the derivatives market significantly impacts ETH’s price.

另一个重要指标是以太坊的未平仓合约 (OI)，该指数在 8 月 5 日市场崩盘后跌至 70 亿美元后再次上升。 Coinglass的数据显示，目前OI为108.1亿，表明杠杆玩家正在重返市场。值得注意的是，衍生品市场的交易量对 ETH 的价格影响很大。

At the time of writing, Ethereum is trading at around $2,590, down over 3% in the last 24 hours, as indicated by data from CoinMarketCap. The price still remains above $2,500, reflecting a resilient hold amid market fluctuations.

CoinMarketCap 的数据显示，截至撰写本文时，以太坊交易价格约为 2,590 美元，在过去 24 小时内下跌了 3% 以上。价格仍保持在 2,500 美元上方，反映出市场波动中的坚挺。