以太坊（ETH）的交易可能低于其公允价值

以太坊（ETH）是加密货币市场中第二大资产，可能交易低于其公允价值。该评估基于技术分析师认为关键的链链指标之一，以检测市场底部区域。

In a post shared on X, cryptocurrency analyst Ali Martinez assessed that Ethereum (ETH), the second largest asset in the crypto market, may be trading below its fair value.

加密货币分析师阿里·马丁内斯（Ali Martinez）在共享X上的一篇文章中评估，以太坊（ETH）是加密货币市场中第二大资产，可能交易低于其公允价值。

The assessment is based on one of the on-chain indicators considered key by technical analysts to detect market bottom zones.

该评估基于技术分析师认为关键的链链指标之一，以检测市场底部区域。

According to the expert, the Adjusted Dormancy Flow index has recently fallen below one million. This level, based on historical patterns, usually indicates that the asset’s price has entered a potential macroeconomic bottom.

根据专家的说法，调整后的休眠流量指数最近下跌了100万。基于历史模式，这种级别通常表明资产的价格已进入潜在的宏观经济底部。

#Ethereum Entity-Adjusted Dormancy Flow just dropped below 1 million. This historically indicates a macro-bottom zone, meaning $ETH might be undervalued and long-term holders are less inclined to sell. It also suggests:

#Ethereum实体调整后的休眠流量刚刚降至100万以下。从历史上看，这表明宏大区域，这意味着$ ETH可能被低估，并且长期持有人不太倾向于出售。它也暗示：

• Sentiment is low

•情绪低落

• Capitulation may have occurred

•投降可能发生了

•… pic.time domainix.com/8mFc3Qdxoy

•…pic.time domainix.com/8mfc3qdxoy

— Ali (@ali_charts) April 11, 2025The metric analyzes the relationship between Ethereum’s market capitalization and its annualized dormancy value in dollars, offering clues about long-term holder behaviors.

- Ali（@Ali_Charts）2025年4月11日，该指标分析以太坊的市值与美元的年度休眠价值之间的关系，提供了有关长期持有人行为的线索。

As the indicator hits this type of low, it typically signals a reduction in selling activity by older, more experienced investors in the market.

随着指标达到这种低点，它通常表示较老，经验丰富的投资者在市场上的销售活动减少。

Martinez shared the analysis with his more than 135,000 followers on the X platform, where he noted that the current environment could indicate three main factors: pessimistic sentiment among participants, the possibility that the capitulation phase has already occurred, and a scenario favorable to the entry of institutional capital.

马丁内斯（Martinez）与他在X平台上的135,000多个关注者分享了分析，他指出当前的环境可以表明三个主要因素：参与者之间的悲观情绪，即已经发生了投降阶段的可能性，并且有利于制度资本进入的情况。

Another piece of data that reinforces this reading involves the recent movement of ETH on exchanges.

加强此阅读的另一个数据涉及ETH在交流上的最新运动。

According to the analyst, around 453.000 units of Ethereum were withdrawn from exchanges in the last five days, which may signal a long-term storage strategy, reducing selling pressure and decreasing the circulating supply. This also indicates that the price of Ethereum may rise again.

根据分析师的说法，在过去五天中，从交易所撤回了大约453.000个以太坊单位，这可能表明长期存储策略，减轻了销售压力并减少了循环供应。这也表明以太坊的价格可能会再次上涨。

At the time of publication, the price of Ether was quoted at $1.612,63, up 3,8% in the last 24 hours.

在出版时，以太币的价格为1.612,63美元，在过去24小时内上涨了3,8％。