以太坊准备反弹吗？这就是为什么分析师在五月变成看涨的原因

经过连续五个月的表现缓慢，以太坊可能最终表现出生命的迹象。几位分析师和市场观察者指出，技术信号，链链活动以及即将到来的网络改进的结合，这表明ETH可能处于强劲反弹的边缘。

Ethereum has been struggling in recent months, but several analysts believe the lagging cryptocurrency could be due for a rebound in May.

以太坊近几个月来一直在挣扎，但几位分析师认为，落后的加密货币可能会在5月反弹。

One analyst highlighted the fact that this month has historically delivered some of ETH’s best returns.

一位分析师强调了一个事实，即本月历史上已经带来了ETH的一些最佳回报。

Several technical and on-chain signals also suggest that a move in the lagging cryptocurrency could be coming soon.

几个技术和链上的信号也表明，滞后加密货币可能很快就会出现。

After five straight months of sluggish performance, Ethereum (ETH) might finally be showing signs of life. Several analysts and market watchers are pointing to a combination of technical signals, on-chain activity, and upcoming network improvements that suggest ETH could be on the verge of a strong rebound.

经过连续五个月的表现缓慢，以太坊（ETH）可能最终表现出生命的迹象。几位分析师和市场观察者指出，技术信号，链链活动以及即将到来的网络改进的结合，这表明ETH可能处于强劲反弹的边缘。

One of the more compelling reasons for optimism is seasonal.

乐观的最令人信服的原因之一是季节性。

May has historically been kind to Ethereum. As noted by data from Coinglass, this month has delivered some of ETH’s best returns, with an average gain of over 27%. Of course, past performance doesn’t guarantee future returns, but the timing has traders paying closer attention.

梅历史上对以太坊很友善。正如Coinglass的数据所指出的那样，本月提供了ETH的一些最佳回报，平均收益超过27％。当然，过去的绩效不能保证未来的回报，但是时机使交易者密切关注。

Analyst Cyclop believes this pattern will repeat itself, forecasting that Ethereum could reach the $2,500 mark by month’s end if momentum holds.

分析师Cyclop认为，这种模式将重复出现，预测以太坊如果动量保持时，以太坊可能会在月底达到2500美元。

Offical: May is the best month for Ethereum. Since 2015, it has delivered an average return of +26.94%.

官方：五月是以太坊的最佳月份。自2015年以来，它的平均回报率为 +26.94％。

This May, we might see a repeat of this pattern as on-chain signals and macro trends suggest a potential breakout for ETH.

这可能是，我们可能会看到这种模式的重复，因为链信号和宏观趋势表明ETH可能会突破。

Could we see $2,500 by month's end?

我们能在月底看到2,500美元吗？

Let's break it down.

让我们分解。

https://t.co/7787888386 pic.twitter.com/3u7E8q7Q8c

https://t.co/7787888386 pic.twitter.com/3U7E8Q7Q8C

— Cyclop (@TheCyclop_) May 4, 2024

- 独眼巨人（@thecyclop_），2024年5月4日

On-chain indicators are also flashing green. The MVRV ratio, which compares ETH’s current market price to the average price at which coins last moved, has dropped to levels not seen since the 2020 COVID crash. Historically, dips this deep have preceded major rallies.

链上的指示器也闪烁绿色。 MVRV的比率将ETH的当前市场价格与硬币上次移动的平均价格进行了比较，该价格已降至2020年Covid崩溃以来未见水平。从历史上看，这一深度倾斜之前是主要集会。

One popular crypto analyst, who tracks the metric closely, sees it as a strong signal that ETH is undervalued.

一位受欢迎的加密分析师密切跟踪度量标准，认为这是ETH被低估的强烈信号。

ETH MVRV Ratio reaches lows last seen during the 2020 Covid Crash.

ETH MVRV的比率达到了2020年Covid崩溃期间的最低点。

This extreme undervaluation suggests a strong potential for an upcoming market rally.

这种极端的低估表明，即将举行的市场集会具有强大的潜力。

Will we finally see the long-awaited crypto spring in 2024? Only time will tell.

我们终于会在2024年看到期待已久的加密春季吗？只有时间会证明。

— Michaël van de Poppe (@CryptoMichNL) May 2, 2024

-MichaëlVande poppe（@cryptomichnl）2024年5月2日

Meanwhile, whale wallets are growing larger. According to recent data, addresses categorized as long-term accumulators increased their holdings by more than 22% from March to early May.

同时，鲸鱼钱包越来越大。根据最近的数据，从3月到5月初，将其归类为长期蓄能器将其持股量增加了22％以上。

Despite recent price weakness, these high-stakes holders haven’t flinched—and their conviction may be a key vote of confidence in Ethereum’s future.

尽管最近的价格疲软，但这些高风险持有人并没有退缩 - 他们的信念可能是对以太坊未来的信心投票。

In addition to the technical and on-chain signals, Ethereum is also set to receive a major network upgrade with the Pectra update, which is expected on May 7. The update aims to enhance user experience and wallet functionality, a move that could improve dApp usability and attract new users to the ecosystem.

除了技术和链链信号外，以太坊还将通过Pectra更新获得主要网络升级，该更新预计将于5月7日进行。该更新旨在增强用户体验和钱包功能，这一举动可以提高DAPP可用性并吸引新用户到生态系统。

That same day, the Federal Reserve is expected to announce its latest interest rate decision. If the outcome is market-friendly, it could act as a catalyst, adding fuel to Ethereum’s potential breakout.

同一天，美联储预计将宣布其最新的利率决定。如果结果对市场友好，它可以充当催化剂，从而为以太坊的潜在突破增加了燃料。

With historical trends, undervaluation signals, smart money activity, and a major network upgrade all lining up, ETH may be entering one of its most promising stretches in months.

随着历史趋势，低估的信号，智能货币活动和主要网络的升级，ETH可能会在几个月内进入其最有希望的延伸之一。

Still, macro headwinds remain in play, and investors are keeping one eye on Washington as they place their bets on crypto’s second-largest asset.

尽管如此，宏观逆风仍在发挥作用，投资者仍在关注华盛顿，因为他们将赌注放在加密货币的第二大资产上。