以太坊（ETH）显示了最近的Pectra升级后的新强度，数据信号$ 3.8B流入

以太坊显示，在最近的Pectra升级后，Ethereum的强度重新升高，链上的数据信号表明$ 3.8B的资本流入。

Recent data from Glassnode shows that Ethereum (ETH) has displayed remarkable resilience in recovering its on-chain fundamentals following the recent Pectra upgrade.

GlassNode的最新数据表明，在最近的Pectra升级后，以太坊（ETH）在恢复其链基本面方面表现出了显着的弹性。

Since the #Pectra upgrade, #ETH’s Realized Cap – the total capital invested in the asset at the time it last moved on-chain – has surged from $240.8B (May 7) to $244.6B (May 19).

自#Pectra升级以来，＃ETH的实现CAP（上次移动链时投资于资产的总资本）已从240.8B（5月7日）飙升至244.6B美元（5月19日）。

That's a +$3.8B (+1.6%) rise and continues a 3-month recovery from lows of $234.3B in early February.

这是 +$ 3.8B（ +1.6％）上升，并从2月初的低点持续了3个月的回收率。

Between May 7 and May 19 alone, Ethereum’s Realized Capitalization increased from $240.8 billion to $244.6 billion.

仅在5月7日至5月19日之间，以太坊的实现资本化从2408亿美元增加到2446亿美元。

This $3.8 billion increment showcases a 1.6% surge and, more importantly, marks the termination of a three-month-long downtrend that commenced in early February.

这笔38亿美元的增量显示了1.6％的增长，更重要的是，标志着2月初开始的三个月下降趋势的终止。

The uptick in Realized Cap is often viewed as an indicator of renewed investor confidence, especially among long-term holders.

实现的上限的上升通常被视为重新投资者信心的指标，尤其是在长期持有人中。

It signals that capital is being invested in ETH at realized price levels, implying potential accumulation and a shift away from recent bearishcl trends.

它表明，资本正在以实现的价格水平投资于ETH，这意味着潜在的积累，并偏离了最近的看跌趋势。

As Ethereum regains upward momentum on-chain, this shift could serve as the foundation for more sustainable growth, provided short-term market volatility doesn’t derail it.

随着以太坊恢复链链的势头，这种转变可以作为更可持续增长的基础，前提是短期市场波动不会使它脱轨。

Overheating At $2.5K Resistance

$ 2.5K抵抗的过热

While Ethereum’s on-chain fundamentals are showing signs of recovery, short-term market indicators suggest brewing tension as the asset approaches the $2,500 resistance level.

尽管以太坊的链基本面显示出恢复的迹象，但短期市场指标表明，随着资产接近2500美元的电阻水平，酿造紧张局势。

According to CryptoQuant’s post, ETH is entering an “overheating” phase, marked by a sharp surge in trading volume across exchanges, and a short-term correction before the breakout is possible.

根据CryptoQuant的帖子，ETH进入了一个“过热”阶段，以交易所之间的交易量急剧增加，并且在突破之前进行了短期纠正。

A bubble chart by the analytics platform visualizes this dynamic, with volume spikes signaling heightened market activity, which is mainly being driven by profit-taking.

Analytics平台的气泡图表可视化这一动态，体积尖峰信号提高了市场活动，这主要是由获利驱动的。

Ethereum Market Overheats: Potential Short-Term Correction Before Breakout

以太坊市场过热：突破之前潜在的短期校正

"Ethereum’s approach to the critical $2.5K resistance level has led to overheating, characterised by a significant surge in trading volume... which is being driven by profit-taking."

“以太坊对关键的2.5万美元阻力水平的方法导致了过热，其特征是交易量的大幅增长……这是由获利驱动的。”

By @ShayanBTC7

由 @shayanbtc7

The $2.5K level carries psychological weight for traders and coincides with what analysts describe as a zone of “resting supply”—where sellers are more likely to unload their holdings.

2.5万美元的水平为贸易商带来了心理体重，并与分析师所说的“静止供应”区域相吻合 - 卖家更有可能卸载其持股。

“The overheated condition over the last days may point to a likely short-term correction as the market cools down, paving the time for renewed accumulation,” the CryptoQuant’s post adds.

CryptoQuant的帖子补充说：“在最后几天，过热的状况可能会表明，随着市场的降温，可能会进行短期纠正，从而为新的积累铺平了时间。”

Historically, such volume-driven rallies into resistance zones often precede brief corrections, as overheated conditions ultimately force the market to cool down.

从历史上看，这种体积驱动的集会进入阻力区域通常是在短暂纠正之前的，因为过热的条件最终迫使市场冷静下来。

ETH Supply Shock Predictions

ETH供应冲击预测

In other news, a potential Ethereum supply shock may be brewing, according to new data shared by market analysts.

在其他新闻中，根据市场分析师共享的新数据，潜在的以太坊供应冲击可能正在酿造。

The latest chart from Santiment shows that the percentage of ETH held on centralized exchanges has now reached its lowest point ever, while Bitcoin’s (BTC) ratio is at its lowest since November 2018.

Santiment的最新图表表明，在集中式交流上持有的ETH的百分比现在已经达到了有史以来最低点，而比特币（BTC）的比率是自2018年11月以来的最低点。

This signals that investors are increasingly transferring their coins into self-custody, a move frequently associated with long-term investment behavior.

这表明投资者越来越多地将其硬币转移到自我custody中，这一举动经常与长期投资行为相关。

With less ETH in exchange wallets, it sets the stage for a classic supply shock scenario. If demand increases while exchange liquidity remains low, it could exert upward pressure on prices. Traders will be closely monitoring this trend as a potential catalyst for Ethereum’s next major price movement.

由于交换钱包中的ETH较少，它为经典的供应冲击场景奠定了基础。如果需求增加而交换流动性仍然较低，则可能对价格施加向上的压力。贸易商将密切监视这一趋势，以此作为以太坊下一个主要价格变动的潜在催化剂。