由于与以太坊 (ETH) 的相关性减弱，Uniswap (UNI) 将进一步下跌

这一点的证据反映在交易所净头寸变化中。根据我们的分析，Uniswap 的交易所净头寸变化为 733

Uniswap’s [UNI] price has failed to move in the same direction as Ethereum’s [ETH] price over the last seven days. At press time, UNI changed hands at $9.98 after noting a 2.22% increase within the same period.

在过去 7 天里，Uniswap 的 [UNI] 价格未能与以太坊 [ETH] 价格走势相同。截至发稿时，UNI 同期价格上涨 2.22%，交易价格为 9.98 美元。

ETH’s price, on the other hand, was $3,687. This marked a 2.56% decrease within the same period. However, that is not the major issue at hand.

另一方面，ETH 的价格为 3,687 美元。这标志着同期下降了 2.56%。然而，这不是当前的主要问题。

Something AMBCrypto observed using on-chain data from Glassnode was that the tides could soon change.

AMBCrypto 使用 Glassnode 的链上数据观察到，潮流可能很快就会发生变化。

The correlation goes off

相关性消失

Evidence of this was reflected in the Exchange Net Position Change. According to our analysis, Uniswap’s Exchange Net Position Change was 733,683 on the 8th of June.

这一点的证据反映在交易所净头寸变化中。根据我们的分析，Uniswap 6 月 8 日的交易所净头寸变化为 733,683。

This metric is the total supply of tokens held in exchange wallets. If it is positive, it means that more tokens are going into exchanges, and this could lead to a price decrease.

该指标是交易所钱包中持有的代币的总供应量。如果是正数，则意味着更多的代币进入交易所，这可能会导致价格下跌。

However, a negative reading suggests a surge in withdrawals, which could lower selling pressure. For UNI, the number of tokens held on exchanges has been increasing since the 3rd of June.

然而，负面数据表明提款激增，这可能会降低抛售压力。对于 UNI 来说，自 6 月 3 日以来，交易所持有的代币数量一直在增加。

Therefore, there is a high chance that the price of the token could lose hold on the $9 region if the supply remains positive. However, it was a different ball game for Ethereum.

因此，如果供应量保持正值，代币的价格很可能会失去对 9 美元区域的控制。然而，对于以太坊来说，这是一场不同的比赛。

An evaluation of the same metric with ETH indicated an increase in coins taken off exchanges. According to Glassnode, about 576,851 ETH was withdrawn from exchanges on the same day 733,683 UNI tokens flowed in.

对 ETH 进行相同指标的评估表明，从交易所撤出的代币数量有所增加。根据 Glassnode 的数据，大约 576,851 ETH 从交易所撤出，同一天有 733,683 UNI 代币流入。

UNI is set to fall further

UNI将进一步下跌

Therefore, it is possible to see the price of UNI fall while ETH could be in line for a swift recovery.

因此，UNI 的价格可能会下跌，而 ETH 的价格可能会迅速复苏。

If validated, this could be contrary to the price performance of the cryptocurrencies when the U.S. SEC approved spot Ethereum ETFs.

如果得到验证，这可能与美国 SEC 批准现货以太坊 ETF 时加密货币的价格表现相反。

In the build-up to the announcement, ETH’s price jumped, and UNI’s connection with the blockchain ensured it followed in the same direction. But how low can UNI go this time?

在公告发布之前，ETH 的价格上涨，而 UNI 与区块链的连接确保了其价格上涨。但这一次UNI能走多低呢？

To check the possible targets, AMBCrypto analyzed the Weighted Sentiment, which shows the perception market participants have around a project. At press time, the Weighted Sentiment was -0.173.

为了检查可能的目标，AMBCrypto 分析了加权情绪，它显示了市场参与者对项目的看法。截至发稿时，加权情绪为-0.173。

This negative reading suggests that most comments about Uniswap tilted toward the bearish side of things. Thus, demand for the token could drop, and could trigger a price decrease.

这种负面解读表明，大多数有关 Uniswap 的评论都倾向于看跌。因此，对代币的需求可能会下降，并可能引发价格下跌。

In addition, the Market Value to Realized Value (MVRV) Z Score which was 27% a few days ago was down to 23.58%. When the MVRV Z Score is positive, it implies that the token is in a bull phase.

此外，市值与已实现价值（MVRV）Z 分数由前几天的 27% 降至 23.58%。当 MVRV Z 分数为正时，意味着代币处于牛市阶段。

On the other hand, a negative ratio suggests a fall into the bear cycle. However, the recent decrease does not mean that UNI is dropping into a bear phase. But it is a sign that the price could slip down the charts.

另一方面，负比率表明陷入熊市周期。然而，近期的下跌并不意味着UNI正在进入熊市阶段。但这是一个迹象，表明价格可能会下滑。

By the look of things, a drawdown to $9.20 seems quite possible.

从目前情况来看，回撤至 9.20 美元似乎是很有可能的。