以太坊（ETH）价格下跌4.5％，至2,380美元左右

下降开始后，ETH跌至2530美元左右的关键支援区以下，随着贸易商的杠杆位置被销售，触发了超过2亿美元的长期清算。

Ethereum (ETH) price slipped over 4.5 percent in the last 24 hours to trade around $2,380 on Thursday, succumbing to a combination of technical, macroeconomic, and market structure headwinds that unfolded throughout the course of the week.

以太坊（ETH）的价格在过去的24小时内下跌了4.5％以上，在周四的2,380美元左右交易，屈服于整个一周过程中发展的技术，宏观经济和市场结构的结合。

This pushed the cryptocurrency down from PKR 704,396 on May 18 to trade at PKR 679,782 today, incurring a PKR 24,614 loss per coin.

这将加密货币从5月18日的PKR 704,396降低到今天的PKR 679,782，每币造成PKR 24,614损失。

Ethereum Price Drops As Key Support Breaks

当关键支持中断时，以太坊价格下跌

The decline in ETH price began after it plunged below a key support zone around $2,530, which triggered over $200 million in long liquidations as traders’ leveraged positions were force sold.

ETH价格下降开始后，它跌至2530美元左右的关键支持区以下，这导致了超过2亿美元的长期清算，因为贸易商的杠杆位置被卖出。

The decrease in technical support, converging with a broader pullback in the crypto market and decreased institutional interest, cascaded further, shifting the Relative Strength Index (RSI) from overbought extremes of 86 to 38. This signaled a stronger bearish bias and profit-taking opportunities.

技术支持的下降，与加密货币市场的更广泛回调相聚，并减少了机构的利益，进一步累积了，将相对强度指数（RSI）从86的极端转变为86号到38。

Highlighting the technical breakdown, the crypto slid below its 50-day simple moving average at $2,530. Several analysts had identified this level as critical due to the Fibonacci retracement and reaction from this zone in March.

强调技术故障，加密货币滑行到其50天的简单移动平均值以下，为2,530美元。由于三月份的斐波那契回波和反应，几位分析师认为该水平至关重要。

Institutions Unwind Ethereum ETF Holdings

机构放松以太坊ETF持有

The Spot Ethereum ETF has also seen decreased interest, reporting over $94 million in outflows over the past two weeks. This indicates that the demand for ETH exposure from institutions is modest.

Ethereum ETF的兴趣也有所下降，在过去的两周中报告了超过9400万美元的外流。这表明对机构的ETH暴露需求是适中的。

In derivatives markets, funding rates shifted to the negative, and open interest decreased to $16.7 billion, a 48 percent decrease from the January highs. This suggests that speculative participation is waning and bearish sentiment is rising.

在衍生品市场中，融资率转移到负面，开放利息降至167亿美元，比一月份的高点降低了48％。这表明投机性参与正在减弱，看跌情绪正在上升。

Buy The Dip or Further Down?

购买蘸酱还是进一步？

Several analysts view the current pullback as an opportunity to purchase ETH before it continues its broader uptrend towards $3,000 and beyond, especially with levels around $2,400 presenting a strong entry point.

几位分析师将当前的回调视为购买ETH之前购买ETH的机会，然后它将其延续到3,000美元及以上的$ 3,000及以上，尤其是在2,400美元约为2400美元的水平上，提出了一个强大的入口处。

Technical patterns such as the weekly Stochastic RSI indicate that there is additional space before reaching overbought extremes again, while pseudonymous traders are preparing for the $2,330 to $2,274 range as critical support.

每周随机RSI之类的技术模式表明，在再次达到极端定制之前还有额外的空间，而化名交易者正在为2,330美元至2,274美元的范围做准备，作为关键支持。

However, the lack of interest from institutions and decreasing speculative participation might put further downward pressure on ETH if there isn't a strong catalyst for a recovery.

但是，如果没有强大的催化剂恢复，机构缺乏兴趣和投机参与的减少可能会对ETH产生进一步的向下压力。

Despite the recent setbacks, Ethereum’s ongoing scaling and network fortifying initiatives will be crucial for a sustained recovery in price and interest.

尽管最近遇到了挫折，但以太坊的持续扩展和网络加强计划对于持续的价格和利息恢复至关重要。

Moreover, broader crypto market sentiment following the recent setback from March highs and renewed institutional inflows will be closely watched to gauge the potential for a return to higher highs in the coming months.

此外，将密切关注3月高高和新的机构流入后，更广泛的加密市场情绪，以衡量未来几个月重返更高高点的可能性。