以太坊（ETH）160 亿美元未平仓合约暗示价格将反弹至 4000 美元

以太坊的价格在周五加密货币市场崩盘期间跌至两周低点后，于 6 月 9 日周日反弹至 3,700 美元以上。衍生品市场趋势表明多头尚未放弃。

rebounded to over $3,700 on Sunday, 9 June, after falling to a two-week low on Friday's encrypted currency market crash. Derivative market trends indicate that many have not yet given up.

2024 年 6 月 7 日星期五，在美国劳工统计局发布鹰派的美国非农就业报告后，全球加密市场陷入混乱。

Friday, 7 June 2024, following the launch by the United States Bureau of Labor Statistics of the Eagles' report on non-farm employment in the United States, the global encryption market was in a state of disarray.

然而，在市场低迷的情况下，以太坊投资者似乎比整个加密行业平均水平表现出更强的韧性。

此次暴跌期间，以太坊价格暴跌 7.38%，小幅跌至 3,598 美元的两周低点。值得注意的是，这是自现货 ETH ETF 获批以来，以太坊首次跌破 3,600 美元大关。

It's worth noting that this is the first time since the approval of the spot ETH ETF that it has fallen down the $3,600 mark. /span >

与更广泛的加密货币市场趋势相比，以太坊的价格走势表现更好。TOTAL2 指标捕获了除比特币 ( BTC )之外的所有加密资产的总市值。

The TOTAL2 indicator captures the total market value of all encrypted assets except Bitcoin (BTC).

上图显示，虽然 ETH 仅下跌了 7.38%，但全球山寨币市场损失超过 9.25%，在 6 月 7 日的崩盘期间市值蒸发超过 30 亿美元。

The figure above

更重要的是，以太坊的价格现在似乎又回到了上升轨道，在周末小幅反弹 2.5% 之后，截至 6 月 9 日撰写本文时已回升至 3,700 美元。

More importantly, the price of Taiwan now seems to be back on the upward trajectory, rising to $3,700 at the time of writing on June 9, after a small rebound of 2.5 per cent over the weekend.

投资者似乎对以太坊价格走势保持看涨态度，因为他们正在等待新批准的 ETF 的资金流入，预计这些 ETF 将于未来几周上市正式交易。

在鹰派宏观经济格局的背景下，尽管加密货币市场的其他部分正在与剧烈价格波动的余震作斗争，但市场数据显示，现有的 ETH 投资者仍然不愿平仓。

In the context of eagle macroeconomic patterns, while other parts of the crypto-currency market are struggling with aftershocks of high price volatility, market data show that existing ETH investors are still reluctant to level their positions.

下图为 Coinglass 的未平仓合约图表，追踪了投资于 ETH 期货合约的资金总价值的每日变化。这实质上提供了有关投机交易者行为相对于当前现货价格趋势的变化的见解。

The chart below

根据上图，ETH 未平仓合约从 6 月 6 日的 169.7 亿美元下降至 6 月 9 日撰写本文时的 163.5 亿美元，下降了 6.2 亿美元。

According to the above figure, the ETH unsaved contract fell from $16.7 billion on 6 June to $160.5 billion at the time of writing on 9 June, a decrease of $620 million. /span>

这表明，虽然 ETH 价格较 6 月 6 日的周高点下跌了 7.38%，但未平仓合约仅减少了 3.65%，几乎是价格跌幅的一半。

当市场下跌时，未平仓合约下降速度低于价格下降速度时，这可能被解读为看涨复苏信号，主要有两个原因。

投资者信心：与以太坊价格下跌相比，未平仓合约的跌幅较小，表明大量多头合约持有者选择在周五的市场崩盘期间维持并捍卫自己的头寸。

investor confidence : The decline in unsettled contracts is smaller than the decline in the prices of Etherm, indicating that a large number of multiple contract holders chose to maintain and defend their positions during the Friday market crash.

空头挤压的可能性：其次，如果 ETH 价格在周末开始反弹 2.5%，并在未来一周继续延续，许多活跃的看跌仓位可能会被迫快速买入以弥补其空头合约。这种情况可能导致空头挤压，加速价格上涨。

Second, if ETH prices start rebounding by 2.5% on weekends and continue over the coming week, many active stumps may be forced to buy quickly to make up for their empty contracts. This situation may result in crowding up and accelerating price increases.

总而言之，以太坊价格下跌速度与未平仓合约之间的差异可以看作是一个积极信号，表明短期内潜在的实力和看涨反弹的潜力。

In short, the difference between the rate of decline in the price of the taupulega and the unsavory contract can be seen as a positive sign of potential strength in the short term and the potential to see a rebound.

在周五市场崩盘后，ETH 投机交易者持有价值 160 亿美元的期货合约，导致以太坊价格瞬间反弹 2.5%，并于 6 月 9 日重新回到 3,700 美元的区间。

After the collapse of the market on Friday, ETH speculators held futures contracts worth $16 billion, which led to an instant rebound of 2.5 per cent in the price of Taiyo and returned to the area of $3,700 on June 9.

但是，随着 ETH ETF 上市临近，以太坊可能会面临额外的购买压力，因为战略交易员希望在大量资金流入开始之前入市。

然而，技术指标显示，ETH 目前面临突破 20 日 SMA 价格水平 3,775 美元的艰巨任务。如果 ETH 能够连续几个交易日收于关键的 3,775 美元阻力位上方，多头可能会在未来一周将目光锁定在 4,000 美元的目标上。

, however, technical indicators show that ETH is currently facing a difficult task of breaking the 20-day SMA price level of $3,775. If ETH is able to charge several consecutive transaction days above the critical $3,775 resistance position, many of them may be locked in the next week at a target of $4,000. /span >

但如果出现另一次回调，ETH 多头将不得不捍卫 3,687 美元的支撑位，以避免短期内出现重大损失和快速清算。

In the event of another return, ETH will have to defend the position of USD 3,687 in order to avoid significant losses and rapid liquidation in the short term.