以太坊已“蓄势待发”,第一步先重回3800美元

Cointelegraph中文Published on 2025-07-30Last updated on 2025-07-30

Abstract

ETH持续表现强劲,未平仓合约创新高,网络活跃度攀升,多头预计即将迎来上行突破。

要点摘要:

以太坊未平仓合约自6月22日以来翻倍,创下580亿美元新高。

网络活跃度高、稳定币供应创新高,显示强劲需求。

交易者预计ETH突破4000美元后将创历史新高。

以太币价格在周二亚洲早盘一度跌至3700美元后,重新回升至3800美元。市场分析师指出多项关键数据,认为“ETH已蓄势待发”,有望刷新历史新高。

以太坊未平仓合约创历史新高

以太坊期货未平仓合约(OI)在周二达到580亿美元的历史新高。这显示市场参与度提升,新的资金正流入ETH期货市场。

该合约总额自6月22日以来已翻倍,过去两天增长10%。作为对比,三个月前的4月29日,OI为207.5亿美元,当时价格约1800美元。此外,2024年12月以太坊在4000美元附近交易时,ETH期货未平仓合约仅为315亿美元。

这一指标刚刚创新高,显示杠杆ETH头寸需求持续增长。

加密货币交易员Merlijn The Trader表示:“未平仓合约刚创新高,价格持续走高,杠杆正在累积。”他补充道:“分析师认为此次突破动能强劲,或为重要信号。”

Glassnode于周二在X发文指出,ETH未平仓合约占比也已“升至近40%”,为两年多以来最高。

网络活跃度“创新高”

根据Nansen数据,以太坊网络活跃度持续上升,过去30天活跃地址数增长7.2%。同期,月度交易笔数增长16%,达到4330万笔。

DefiLlama数据显示,以太坊去中心化交易所(DEX)周交易量达226亿美元,创下四个月新高。协议收入达8980万美元,创六个月新高。

稳定币供应也在周二达到历史新高1325亿美元,显示流动性和需求提升。

知名分析师Elja表示,以太坊网络活跃度已创新高。

“分析师认为,以太坊网络活跃度创新高,或将推动ETH价格创历史新高。”

分析师预计以太坊将迎来“延续性上涨”

据Cointelegraph Markets Pro和TradingView数据显示,ETH当前交易价格约为3,800美元,过去七天上涨了6%。

正如Cointelegraph报道所述,突破4,000美元是ETH上涨潜力的关键,并为可能冲击历史新高创造了条件。

“$ETH正在缓慢接近本周期高点。”Daan Crypto Trades在其发布于X平台的最新以太坊分析中指出。

该交易员所指的是4,000美元阻力位,自2024年2月以来,该阻力位多次令价格受阻。

Daan Crypto Trades进一步表示,由于本轮上涨已相当突然,因此ETH若能在该水平下方盘整,将更为“健康”。

“这样一来,后续上涨空间会更大。但无论如何,需密切关注4,000-4,100美元区间。”

据市场分析机构Bitcoinsensus表示,ETH“已准备好向上爆发”,当前走势展现出突破多年趋势线的强劲动能。

他们补充称:“如果动能充足,本轮突破有望在本周期后续阶段推动以太坊价格大幅上行。”

Trending Cryptos

Related Reads

Galaxy Research: Can SEC's New Regulations Usher in a New Era for Token Financing?

**SEC Proposes New Framework for Token Offerings, Potentially Unlocking Legal Paths for U.S. Crypto Fundraising** On August 18, the U.S. Securities and Exchange Commission (SEC) proposed new rules, dubbed "Reg Crypto," specifically tailored for crypto asset offerings. This framework marks a departure from applying traditional securities rules designed for stocks to tokens. It creates a potential legal pathway for token sales to the U.S. public, including non-accredited investors, without full registration. The proposed rules apply to crypto assets that are not themselves securities but were sold as part of an investment contract where the issuer promised to build a product, network, or ecosystem. It establishes a four-phase lifecycle: Raise, Disclose, Build, and Exit. The "Raise" phase includes two new fundraising exemptions: a startup exemption allowing up to $5 million over four years and a larger, Regulation A-based exemption for up to $20 million or $75 million over 12 months. The "Disclose" phase requires specific token-related disclosures like supply schedules, governance, and development progress. After the issuer completes its promised development work and files a transition report, the "Exit" phase allows the associated investment contract to terminate, even if the token continues to trade. The analysis highlights that the framework's most immediate impact may be providing a formal "exit" path for existing tokens with unclear legal status, rather than immediately sparking a new wave of U.S.-based token offerings. It offers advantages over traditional private placements by allowing public sales and immediate token transferability but imposes ongoing disclosure and reporting obligations. A key hurdle is that the larger exemption requires a substantial U.S. operational presence, which may deter projects with offshore structures. Overall, the proposal is seen as a constructive step toward regulatory clarity, acknowledging that token offerings differ from equity offerings and require tailored investor disclosures. However, it remains a proposal subject to a 60-day public comment period, and its long-term stability may ultimately depend on congressional action.

marsbit34m ago

Galaxy Research: Can SEC's New Regulations Usher in a New Era for Token Financing?

marsbit34m ago

Bitcoin and Ethereum Soar Together! Eight Altcoins Worth Watching in the Later Market

Bitcoin and Ethereum Surge, Fueling Altcoin Speculation. Bitcoin Eyes $77,000, Ethereum Gains 20% in a Single Day. Market anticipates capital rotation from major cryptos to high-beta altcoins, but a selective rise is expected, favoring projects with genuine users, protocol revenue, and healthy tokenomics. Analysts highlight eight altcoins across key sectors: **High-Performance Blockchains:** * **SOL (Solana):** Market cap ~$51.88B. A dominant player with a strong ecosystem. Considered a relatively safe bet for potential catch-up growth. * **SUI (Sui):** Market cap ~$3.03B. High volatility potential but faces risks from its low circulating supply and future token unlocks. **DeFi Lending:** * **UNI (Uniswap):** Market cap ~$2.38B. Transitioning to a revenue-capturing asset post-fee switch implementation. * **AAVE (Aave):** Market cap ~$1.53B. Features balanced tokenomics and revenue but has seen significant recent gains. * **MORPHO:** Market cap ~$1.50B. Rapid protocol growth but weaker token value capture and opaque supply data. **Perpetual DEX:** * **HYPE (Hyperliquid):** Market cap ~$16.41B. The clear sector leader with strong revenue but high valuation and a large portion of tokens still locked, warranting caution. **RWA & On-Chain Finance Infrastructure:** * **LINK (Chainlink):** Market cap ~$8.09B. A key oracle provider positioned to benefit from multiple trends like RWA and institutional adoption, offering strong fundamentals. * **ONDO (Ondo Finance):** Market cap ~$1.77B. Shows strong business growth but carries high risks due to concentrated token holdings and a massive unlock scheduled for 2027. **Conclusion:** The altcoin rally is expected to be selective. Recommendations include a medium position in SOL, small allocations to SUI and UNI/AAVE for DeFi exposure, and caution with HYPE and ONDO due to their specific risks. LINK is suggested as a core holding for the RWA thematic.

marsbit2h ago

Bitcoin and Ethereum Soar Together! Eight Altcoins Worth Watching in the Later Market

marsbit2h ago

Shanghai's $10 Billion Unicorn Is About to Go Public

Shanghai-based automotive-grade millimeter-wave radar chip unicorn Calterah Microelectronics Technology (Shanghai) Co., Ltd. has filed for an IPO on Shanghai's STAR Market, aiming to raise 3.49 billion yuan. Founded in 2014 by Chen Jiashu, a UC Berkeley PhD graduate, and his professor Ali Niknejad, Calterah pioneered CMOS technology for 77GHz radar chips, breaking the decades-long monopoly of international giants like Texas Instruments. Its low-cost, highly integrated solutions enabled millimeter-wave radar to move from luxury to mass-market vehicles. By 2025, Calterah captured a 31.1% share in China's automotive millimeter-wave radar chip market (second domestically, fourth globally), with cumulative shipments exceeding 30 million units. Its client list includes BYD, Geely, Nio, and Volvo. The company has undergone 11 funding rounds, attracting high-profile investors such as the National Integrated Circuit Industry Investment Fund Phase II, China Capital Management, and GD Capital. Its valuation has reached tens of billions of yuan, with a projected post-IPO valuation of approximately 14 billion yuan. Despite rapid revenue growth—increasing from 206 million yuan in 2023 to 632 million yuan in 2025 with a 75.28% CAGR—Calterah remains unprofitable. It reported net losses of 323 million yuan, 334 million yuan, and 193 million yuan from 2023 to 2025, accumulating over 900 million yuan in losses over three and a half years. These losses are primarily attributed to heavy R&D investment, which totaled over 1.039 billion yuan in the reporting period, often exceeding annual revenue. The company faces significant risks, including high customer concentration (its top five customers accounted for over 99% of revenue from 2023-2025, with BYD alone representing over 50% in 2025) and supply chain concentration. Revenue pressure from key customers and dependencies on overseas suppliers for EDA tools and IP pose challenges to sustainable growth. The IPO is seen as crucial for securing capital to expand production, diversify its customer base, and reduce supply chain dependencies.

marsbit3h ago

Shanghai's $10 Billion Unicorn Is About to Go Public

marsbit3h ago

Ray Dalio's Latest Macro Analysis Full Text: Buy More Gold, Add Some Bitcoin

In his latest macro analysis, Ray Dalio applies his framework from "How Countries Go Broke: The Big Cycle" to the current global debt environment. He highlights recent events like Japan selling U.S. Treasuries and rising U.S. long-term yields as signs of an unsustainable debt dynamic. Dalio explains that excessive government debt leads to either unacceptably high interest rates, severe economic downturns, or significant currency debasement through central bank money printing. He summarizes the U.S. fiscal situation: with $5.5 trillion in revenue, $7.5 trillion in spending, a $2 trillion deficit, and total debt at six times annual revenue, debt servicing costs are immense. Without correction, U.S. debt could reach $55-$60 trillion in a decade. Dalio proposes a "3% Three-Way" solution: reducing the budget deficit to 3% of GDP through balanced spending cuts, tax increases, and interest rate reductions to avoid a traumatic adjustment. In response to FAQs, he argues that the risk of a U.S. debt crisis is high and could materialize within a few years if the current path continues. He dismisses the notion that the dollar's reserve status makes the U.S. immune, citing historical precedents of reserve currency declines. He is also unconvinced by Japan's high-debt stability, noting poor returns for yen-denominated assets. For investors, Dalio recommends diversifying globally, underweighting bonds, and overweighting assets like gold and a small allocation to Bitcoin (around 10-15% to gold) to hedge against currency debasement and poor debt returns.

marsbit4h ago

Ray Dalio's Latest Macro Analysis Full Text: Buy More Gold, Add Some Bitcoin

marsbit4h ago

Trading

Spot

Hot Articles

Discussions

Welcome to the HTX Community. Here, you can stay informed about the latest platform developments and gain access to professional market insights. Users' opinions on the price of ETH (ETH) are presented below.

活动图片