以太坊的（ETH）最近的向上攀登本周在2,800美元大约遇到了严重的障碍

GlassNode的新鲜链上数据表明，这个地方是一个主要的供应区，并带有长期持有人的职位，许多投资者购买了

Recent on-chain data from Glassnode has revealed that Ethereum’s (ETH) latest upward push encountered a snag at the $2,800 price point. This zone is a major supply zone with long-term holder positions.

GlassNode的最新链上数据表明，以太坊（ETH）的最新向上推动遇到了一个以2,800美元的价格点遇到的障碍。该区域是具有长期持有人位置的主要供应区。

According to Glassnode's cost-basis heatmap, there’s a significant cluster of investor cost basis levels around $2,800 for $ETH. As price approaches this zone, sell-side pressure may increase as many previously underwater holders may look to derisk near breakeven.

根据GlassNode的成本基础热图，$ ETH的投资者成本基础水平约为2,800美元。随着价格接近该区域，卖方压力可能会增加，因为许多以前的水下持有人可能希望附近的收支平衡。

Source: Glassnode

来源：玻璃节

The crypto price dropped from highs of around $3,800 in December 2024 to lows of $1,600 in May 2025. From that March low, the crypto price has recovered to test the $2,800 price point again.

加密价格从2024年12月的3,800美元左右下跌，至2025年5月的低点。从3月的低点开始，加密货币价格已恢复，以再次测试2,800美元的价格点。

During the first quarter of 2025 market downturn, there was a strong shift in lower price ranges for Ethereum. The supply density is seen to be increasing between the $1,600 and $2,000 price ranges.

在2025年的第一季度下跌，以太坊价格较低的价格范围有很大变化。供应密度被认为增加了1,600美元至2,000美元的价格范围。

This is the range that later facilitated Ethereum’s price rebound in May 2025. As the crypto price tested lows of $1,600 in March of 2025, it presented an opportunity for accumulation.

这是后来在2025年5月促进以太坊的价格篮板的范围。由于加密价格在2025年3月测试了1,600美元的低点，因此为积累提供了机会。

However, the bulk of the selling activity is seen to be at the $2,800 price point as it is the upper boundary that ETH has yet to decisively penetrate.

但是，大部分销售活动被认为是2,800美元的价格点，因为它是ETH尚未果断地穿透的上限。

If Ethereum can pierce through this $2,800 level sustained volume, it might convert previous resistance levels into new support.

如果以太坊可以刺穿这一$ 2,800级别的持续数量，则可能会将以前的阻力水平转化为新的支持。

Without a strong breakout, the continuation of the price bumping against this heavy supply band could fatigue buyers and trigger profit-taking or defensive selling from nervous holders.

如果没有强烈的突破，对这个重型供应带的价格上涨可能会疲劳买家，并从神经持有者那里触发利润或防御性销售。

Another angle highlighted by CryptoQuant’s data is that Ethereum’s recent price gains aren’t yet being fully mirrored by a proportional jump in its daily active address activity.

CryptoQuant数据突出显示的另一个角度是，以太坊最近的价格上涨尚未完全通过其日常活动地址活动的比例跳跃完全反映。

As of May 2025, ETH has climbed back to around $2,500. But the number of active addresses is still seen to be at around 340,800.

截至2025年5月，ETH已攀升至2500美元左右。但是，活动地址的数量仍然被认为约为340,800。

This figure, while a slight uptick from the sub-300,000 levels earlier in the year, lags behind the steeper spikes in address activity seen during late 2023 and early 2024.

这个数字虽然从今年早些时候的300,000级水平略有上升，但落后于2023年底和2024年初的地址活动的陡峭尖峰。

If we look at previous trends, usually, large surges in active addresses accompany periods of rapid price rallies or signal the formation of local price tops.

如果我们查看以前的趋势，通常会伴随着快速价格集会时的主动地址的大​​幅度飙升，或者表示当地价格上涨的形成。

The contrast here—price up, but new active user growth relatively flat—suggests that existing participants, rather than new traders, might be the main factor driving Ethereum’s latest price move.

这里的对比（价格上涨，但新的活跃用户增长相对平坦）表明，现有参与者而不是新交易者可能是推动以太坊最新价格转移的主要因素。

This signals that the recent price gains might be more closely linked to changes in liquidity preferences or leveraged trading activity among existing traders.

这表明最近的价格上涨可能与现有交易者之间流动性偏好或杠杆交易活动的变化更加紧密联系。

Just as this report is being put together, the crypto price saw a 3.46% in the 24-hour trading period to $2,567.78.

正如这份报告合并在一起一样，加密货币价格在24小时交易期间为3.46％，至2,567.78美元。

This marks a drop of over $100 from its high just the prior day, and its market capitalization slipped to $309.99 billion, while trading volume ticked up by 8.77% to $22.81 billion.

这标志着从上一天的高点下降了100美元，其市值下降至309.9亿美元，而交易量则提高了8.77％，达到228.1亿美元。

This increased volume alongside a price drop could indicate a surge in liquidity as sell orders hit the market, potentially triggering stop-loss orders.

随着卖出订单的投入，可能会触发停止损失的订单，而价格下降的量增加可能表明流动性激增。

Also, the cryptocurrency’s inability to sustain its gains above the $2,600 price point after testing this level on May 12 and 13 could be a factor in today’s downturn.

同样，加密货币无法维持其在5月12日和13日测试此水平后的2,600美元价格上的增长，这可能是当今衰退的一个因素。

This showcases the strength of the $2,800 resistance area, which traders will be closely watching to see if it can be breached.

这展示了2,800美元的电阻区的强度，交易员将密切关注该区域，以查看是否可以破坏它。