在压力下以太坊：宏观关注和价格下降

以太坊面临逆风，因为它在宏观问题和市场更正中下降到4,000美元以下，但长期持有人表现出弹性。

Ethereum Under Pressure: Macro Concerns and the Price Drop

在压力下以太坊：宏观关注和价格下跌

Ethereum is feeling the heat! It dipped below the $4,000 mark, a level it hadn't seen since early August. Macro concerns and broader market corrections are playing a role, but is it all doom and gloom? Let's dive in.

以太坊正在感受到热量！它跌至4,000美元以下，这是自八月初以来从未见过的水平。宏观担忧和更广泛的市场更正正在发挥作用，但这都是厄运和忧郁吗？让我们潜入。

Ethereum's Price Dip: What's Going On?

以太坊的价格下跌：发生了什么？

Recently, Ethereum has faced significant price declines, trading around $3,964, a drop of over 4%. Key metrics and technical indicators suggest potential further downside. Liquidity heatmaps reveal substantial buy liquidity concentrated in the $3,800 - $3,500 range, potentially acting as a magnet, dragging prices lower. Additionally, data indicates that BlackRock offloaded approximately $25.6 million worth of ETH, signaling institutional exit. It's a mixed bag of bearish signals, no doubt.

最近，以太坊的价格大幅下降，交易约3,964美元，下降了4％以上。关键指标和技术指标表明潜在的缺点。流动性热图显示，大量购买流动性集中在3,800美元至3,500美元之间，可能充当磁铁，拖放价格较低。此外，数据表明，贝莱德（BlackRock）卸载了价值约2560万美元的ETH，信号机构退出。毫无疑问，这是一袋看跌信号。

Macro Concerns and Market Sentiment

宏观关注和市场情绪

The broader crypto market is experiencing a correction, with Bitcoin and other altcoins also facing declines. September is historically a bearish month for digital assets, and this year seems to be following the trend. Factors like potential rate cuts in 2025 are influencing market sentiment, creating a complex landscape for investors to navigate.

更广泛的加密市场正在经历更正，比特币和其他山寨币也面临下降。从历史上看，9月是数字资产的看跌月份，今年似乎正在遵循这一趋势。诸如2025年的潜在降低率之类的因素正在影响市场情绪，从而为投资者提供了复杂的景观。

Long-Term Holders Remain Steadfast

长期持有人仍然坚定不移

Despite the price drop, on-chain data tells a different story. Over 420,000 Ethereum have left centralized exchanges, suggesting accumulation behavior among long-term holders. This outflow indicates that many investors are prioritizing staking yields and self-custody over short-term trading, potentially setting the stage for future rallies. The resilience of long-term holders provides a silver lining amidst the market turbulence.

尽管价格下跌，但链数据仍讲述了一个不同的故事。超过420,000个以太坊离开了集中式交流，表明长期持有人的积累行为。此流出表明，许多投资者在短期交易中优先考虑积分收益率和自我顾客，这可能为未来的集会奠定了基础。长期持有人的弹性在市场动荡中提供了一线希望。

Altcoins in the Mix: ASTER and HEMI's Wild Ride

混合中的山寨币：Aster和Hemi的狂野骑行

It's not just Ethereum; altcoins are also experiencing volatility. ASTER, which saw a massive surge fueled by Changpeng Zhao’s endorsement, experienced a sharp decline. HEMI Network also faced a significant drop, driven by profit-taking and concerns about its token structure. These examples highlight the inherent risks and potential rewards in the altcoin market.

这不仅仅是以太坊； AltCoins也正在经历波动。阿斯特（Aster）看到了赵彭（Changpeng Zhao）认可的巨大激增，急剧下降。 Hemi Network还面临着大幅下降，这是由于获利和对代币结构的担忧。这些例子强调了替代币市场的固有风险和潜在的奖励。

Is This the End? Not So Fast!

这是结局吗？不太快！

Popular analyst Michael van de Poppe believes that the current downturn is an accumulation opportunity before potential 3-5x rallies. Historically, cryptocurrencies perform well in October, setting the stage for a potential Q4 bull run. So, while the present may seem shaky, the future could still hold significant upside.

受欢迎的分析师迈克尔·范德·波普（Michael Van de Poppe）认为，当前的下滑是潜在3-5倍集会之前的积累机会。从历史上看，十月的加密货币表现良好，为潜在的Q4公牛跑步奠定了基础。因此，尽管现在似乎摇摇欲坠，但未来仍然可以保持大量上涨空间。

Final Thoughts

最后的想法

Ethereum's recent price drop and the surrounding macro concerns are definitely cause for attention. However, the resilience of long-term holders and the potential for future rallies suggest that it's not time to throw in the towel just yet. Keep an eye on those key metrics, stay informed, and remember, in the world of crypto, it's never a dull moment!

以太坊最近的价格下跌和周围的宏观问题绝对引起了人们的关注。但是，长期持有人的韧性和未来集会的潜力表明，现在还不是时候扔毛巾了。密切关注这些关键指标，保持了解，并记住，在加密货币世界中，这绝不是一个沉闷的时刻！