在过去的一周中，关于ETH价格的看涨迹象，但这些信号与长期持有人更加一致

在过去的一周中，关于ETH价格的看涨迹象，但信号与长期持有人更加一致。

The past week has seen a couple of bullish indications on ETH price, but the signals were more aligned with the long-term holders. Keep on reading to learn more about future ETH pr movements.

在过去的一周中，关于ETH价格的看涨迹象，但信号与长期持有人更加一致。继续阅读以了解有关未来的ETH PR运动的更多信息。

Massive ETH Withdrawal From Exchanges

从交流中大量退出ETH

Ethereum tokens had been flowing out at a high rate that was similar to the $380 million taken from centralized exchanges during the previous week.

以太坊令牌的流动率很高，类似于上周从集中式交易所获得的3.8亿美元。

The data chart showed that BTC and ETH saw rising withdrawal patterns since 2019. It reached new highs for ETH at Binance in early 2025 and has continued into the current period.

数据图显示，BTC和ETH的撤回模式自2019年以来的增加。它在2025年初达到了ETH的新高点，并一直持续到当前时期。

Strong accumulation patterns were mostly observed among whales during this period. The daily netflows underwent variations that produced a massive $166 million dip on April 26 before ETH price increased to above $1,750.

在此期间，在鲸鱼之间大多观察到强大的积累模式。每日Netfrows经历了4月26日的巨额销量下降的变化，而ETH价格上涨至1,750美元。

The relationship between increased ETH price and increased net outflows suggested that sell pressure in the market was decreasing. It created a positive sentiment among traders. The rise in cost action may lead to profit taking or financing concerns if the market players do not sustain the price rise.

ETH价格上涨与净流出增加之间的关系表明，市场销售压力正在减少。它在交易者中产生了积极的情绪。如果市场参与者不维持价格上涨，成本行动的上升可能会导致利润或融资问题。

Long-term outflow normally indicated bullish signs, but a neutral stance appeared sensible as unexpected market occurrences were capable of reversing the prevailing direction.

长期流出通常表示看涨的迹象，但是中立的立场似乎是明智的，因为意外的市场发生能够逆转现行方向。

ETH’s short-term bullish trend could be more robust as long-term outflows have matched with rising price activity. It showed confidence as holders looked to keep their tokens.

ETH的短期看涨趋势可能会更加强大，因为长期流出与价格上涨相匹配。当持有人希望保留其令牌时，它表现出了信心。

Ethereum’s MVRV-Score

以太坊的MVRV得分

Assessing Ethereum’s modern MVRV Z-rating suggested the altcoin was in an undervalued position because the MVRV Z-rating was placed close to 0. ETH price usually experienced major rallies after its MVRV fell below zero during past events in 2018, 2020, and June 2022.

评估以太坊的现代MVRV Z分率表明，由于MVRV Z率接近0，因此Altcoin处于被低估的位置。ETH Price通常在2018年，2020年和2022年6月的过去事件中MVRV低于零之后经历了重大集会。

An ETH price surge from $100 to $4000 occurred after the MVRV rate registered negative levels during the initial part of 2020.

在2020年最初的MVRV率记录了负水平之后，ETH价格上涨从100美元到4000美元。

When writing, the Z-score showed signs of a bottoming trend since the indicator had come back to the accumulation area. It suggested that holders were experiencing minimal unrealized profits.

写作时，Z分数显示出底部趋势的迹象，因为该指标已经返回累积区域。它建议持有人的利润最少。

The ratio of 180-day MDIA helped distinguish between short-term investor panic and extended holding periods.

180天MDIA的比率有助于区分短期投资者的恐慌和延长的控股期。

The previous market trends indicated that ETH price could recover as long-term holders would likely re-enter the market. At the same time, low MVRV could point to weak demand or show an excessive decline in investor base.

以前的市场趋势表明，由于长期持有人可能会重新进入市场，ETH价格可以恢复。同时，低MVRV可能指出需求疲软或表现出投资者基础的过度下降。

When writing, the ETH price position below $3,000 allowed MVRV indicators to detect low market values. However, such values may trigger more market losses if historical support boundaries fail to hold. Market sentiment growth could boost the Z-score while possibly starting an upward price momentum.

在写作时，ETH价格头寸低于$ 3,000，允许MVRV指标检测到较低的市场价值。但是，如果历史支持边界未能持有，这种价值可能会触发更多的市场损失。市场情绪增长可以提高Z分数，同时可能会开始上涨的价格势头。

How Will ETH Price React To Investors’ Position?

ETH价格对投资者的立场有何反应？

In the last one year, ETH maintained values below its 365-day simple moving average of $2,849 while it existed at the current trading levels around $1,851.60.

在过去的一年中，ETH的价值低于其365天简单的移动平均值2,849美元，而目前的交易水平约为1,851.60美元。

The price data showed that ETH was waiting to validate its macro bullish trend. Historical price rallies directly occurred when short-term investor numbers (ETH Traders) surpassed 4 million.

价格数据显示，ETH正在等待验证其宏观看涨趋势。当短期投资者人数（ETH Traders）超过400万时，历史价格集会直接发生。

The trader count was 3.92 million at press time. It indicated that short-term market momentum remained under control.

交易者计数在发稿时为392万。这表明短期市场势头仍处于控制之中。

A price breakout may become possible when retail investor interest increases enough to recover the 4M level. The failure to reclaim this zone would probably generate extended periods of consolidation.

当散户投资者的利息足够增加以恢复400万水平时，价格突破可能会成为可能。未能收回该区域可能会产生延长的合并期。

ETH Holders showed consistent growth since last year and currently count 104.26 million members. The long-term market sentiment toward ETH remained positive based on the extended accumulation trends.

自去年以来，ETH持有人表现出一致的增长，目前为1.026亿成员。根据扩展的积累趋势，对ETH的长期市场情绪仍然是积极的。

Price recovery in the short term would probably stay restricted until it manages to break through SMA365 resistance. A bullish signal would emerge if ETH price exceeds the 7-day SMA and the traders’ count reaches 4M or higher. That will indicate possible $3,000 target levels.

短期内的价格恢复可能会受到限制，直到设法通过SMA365阻力破裂为止。如果ETH价格超过7天SMA，交易者的数量达到400万或更高，则将出现看涨信号。这将表明可能的3,000美元目标水平。