在过去的两个星期中，以太坊（ETH）飙升了40％以上

在过去的两个星期中，以太坊（ETH）飙升了40％以上，在写作时的交易范围为2,000美元。

This news article on Benzinga provides an interesting perspective on the Ethereum (ETH) rally, highlighting the role of spot market demand in the recent price surge.

这篇有关Benzinga的新闻文章提供了有关以太坊（ETH）集会的有趣观点，强调了现货市场需求在最近的价格上涨中的作用。

The article mentions that ETH has risen more than 40% in the past two weeks, trading in the mid-$2,000 range. However, despite this significant rally and the massive liquidations that occurred during the crypto market downturn, which began in early 2022, funding rates for ETH have remained ‘relatively flat.’

文章提到，ETH在过去两周中已上涨了40％以上，在2,000美元中的交易范围内。然而，尽管在加密货币市场下滑期间发生了大量的集会以及始于2022年初的大规模清算，但ETH的资金率仍然“相对平坦”。

This finding, observed by CryptoQuant analyst ShayanMarkets, may indicate that the current momentum in the ETH market is driven mainly by spot market demand rather than leveraged trading.

加密分析师Shayanmarkets观察到的这一发现可能表明，ETH市场的当前势头主要由现货市场需求而不是杠杆交易驱动。

This finding is an encouraging sign that could bode well for the sustainability of the ongoing bull run.

这一发现是一个令人鼓舞的迹象，可以很好地为正在进行的公牛奔跑的可持续性兆头。

ETH Funding Rates Remain Flat Amid Rally, Suggesting Upward Action Is Being Driven By Genuine Buying In The Spot Market- CryptoQuant

ETH资金率在集会中保持平坦，表明在现货市场上真正购买的驱动驱动的行动 -

During the past year, ETH has largely lagged behind other major cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and XRP. Yet, recent data suggest that ETH is now showing signs of an organic uptrend.

在过去的一年中，ETH在很大程度上落后于其他主要的加密货币，包括比特币（BTC），Solana（Sol）（Sol）和XRP。然而，最近的数据表明，ETH现在显示出有机上升趋势的迹象。

After lagging behind other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for much of the past year, ETH is now showing signs of an organic uptrend. According to CryptoQuant analyst ShayanMarkets, the current momentum appears to be primarily spot-driven, rather than fueled by speculative futures trading.

在过去的大部分时间里，ETH落后于比特币（BTC），Solana（Sol）和XRP等其他主要加密货币之后，ETH现在显示出有机上升趋势的迹象。据加密分析师Shayanmarkets称，目前的势头似乎主要是聚焦驱动的，而不是由投机期货交易所推动。

This observation is supported by the fact that ETH funding rates have remained ‘relatively flat’ despite the recent price surge, as highlighted by ShayanMarkets in a recent CryptoQuant Quicktake post.

尽管最近的价格上涨，但尽管最近的价格涨幅，但ETH资金率仍然“相对平坦”，这一事实支持了这一观察结果。

To elaborate, funding rates are periodic payments exchanged between traders in perpetual futures contracts to keep the contract price aligned with the spot price of the asset. Positive funding rates indicate that long positions are paying shorts, typically signaling bullish market sentiment, while negative rates suggest bearish sentiment.

为了详细说明，资金率是永久期货合约中交易者之间交换的定期付款，以使合同价格与资产的现货价格保持一致。积极的资金率表明，较长的职位正在支付短裤，通常表示看涨的市场情绪，而负率表示看跌。

In the case of Ethereum, flat funding rates during this recent rally indicate that the upward price action is being powered by genuine buying in the spot market, not speculative leverage. This makes the uptrend less prone to sudden reversals triggered by mass liquidations.

就以太坊而言，在最近的集会期间，统一的融资率表明，在现货市场上的真实购买，而不是投机性杠杆作用，向上的价格行动是为了供电。这使上升趋势不太容易发生突然的逆转，这是由质量清算触发的。

As ShayanMarkets noted, “Still, for the bullish momentum to be sustained and validated, funding rates should begin to rise, reflecting increased confidence and more aggressive positioning by futures traders.”

正如Shayanmarkets所指出的那样：“尽管如此，为了维持和验证看涨的动力，资金率应该开始上升，反映了期货交易者的信心增加和更具侵略性的地位。”

Meanwhile, other analysts predict further upside for ETH. For instance, noted crypto analyst Ali Martinez remarked that if ETH can decisively break through the $2,380 resistance level, then it could enter a new bull rally.

同时，其他分析师预测ETH的进一步上涨。例如，指出的加密分析师阿里·马丁内斯（Ali Martinez）指出，如果ETH可以果断地突破2,380美元的电阻水平，那么它可以进入新的公牛集会。

In his latest X post, Martinez emphasized that ETH’s new critical support range lies between $2,060 and $2,420. Close to 10 million wallets hold more than 69 million ETH between these levels.

马丁内斯（Martinez）在最新的X帖子中强调，ETH的新关键支持系列在2,060美元至2,420美元之间。在这些水平之间，将近1000万钱包持有超过6900万个ETH。

New ETH ATH On The Horizon?

新的Eth Ath在地平线上？

Although Ethereum remains well below its all-time high (ATH) of $4,878, which was reached in November 2021, many market watchers believe a new ATH for the second-largest cryptocurrency by market cap could be on the horizon.

尽管以太坊远低于2021年11月达到的4,878美元（ATH）的历史最高水平（ATH），但许多市场观察家认为，按市值划分的第二大加密货币的新ATH可能会出现。

In the same vein, crypto analyst Titan of Crypto recently noted that ETH is following a V-shape recovery. The analyst shared the following weekly chart that compares BTC and ETH price action, predicting that ETH is likely to follow BTC’s trajectory.

同样，加密货币的加密分析师泰坦（Titan）最近指出，ETH正在遵循V形恢复。分析师分享了以下每周图表，该图表比较了BTC和ETH价格行动，并预测ETH可能会遵循BTC的轨迹。

Moreover, in a recent interview, Mikkel Venezio, Head of Strategy at Vetti, discussed five bullish factors that could push ETH to $12,000 in 2025. These factors include favorable regulatory developments and strong inflows into spot exchange-traded funds (ETFs).

此外，在最近的一次采访中，Vetti战略主管Mikkel Venezio讨论了五个看涨的因素，这些因素可能在2025年将ETH提高到12,000美元。这些因素包括有利的监管发展和强劲的流入为现货交换基金（ETF）。

At press time, ETH trades at $2,555, up 3% in the past 24 hours.

发稿时，ETH的交易价格为2,555美元，在过去24小时内增长了3％。