Ethereum Faces Significant Decline

以太坊面臨大幅下跌

Ethereum (ETH), the second-largest cryptocurrency by market value, has experienced a notable drop following a recent decline in Bitcoin (BTC). The decline is likely attributed to fears of overwhelming BTC sales entering the market. A well-known analyst had previously predicted a possible bottom for Ethereum during this downturn.

以太幣（ETH）是按市值計算的第二大加密貨幣，隨著近期比特幣（BTC）的下跌，以太幣（ETH）也經歷了顯著下跌。下跌可能是由於人們擔心比特幣大量銷售進入市場。一位知名分析師先前曾預測，在這次經濟低迷期間，以太坊可能會觸底。

Potential Future of Ethereum

以太坊的潛在未來

In his latest market update, prominent crypto analyst Credible Crypto analyzed the potential future of Ethereum. Before the recent drop, he had indicated open interest as a key indicator of a possible decline when prices were around $3,000. ETH has since fallen, but has it reached the predicted levels?

著名加密貨幣分析師 Credible Crypto 在最新的市場更新中分析了以太坊的潛在未來。在最近的下跌之前，當價格在 3,000 美元左右時，他曾表示未平倉合約是可能下跌的關鍵指標。 ETH 此後下跌，但是否已達到預期水準？

Credible Crypto's analysis suggests that while open positions in futures have decreased in USD terms due to the price drop, a significant drop in positioning has not yet occurred. He estimates that a new bottom may be established between $2,200 and $2,700. Investors are advised to monitor open positions as ETH approaches these levels.

Credible Crypto 的分析表明，雖然由於價格下跌，以美元計算的期貨未平倉頭寸有所減少，但頭寸尚未出現大幅下降。他估計新的底部可能會在 2,200 美元至 2,700 美元之間建立。當 ETH 接近這些水平時，建議投資者監控未平倉部位。

Potential BTC and PEPE Coin Declines

BTC 和 PEPE 代幣的潛在下跌

Credible Crypto predicts that BTC could fall to $50,000, potentially influencing Ethereum's bottom to below $2,700. This decline may coincide with a steady net outflow process and is expected within the next week or two.

Credible Crypto 預測 BTC 可能會跌至 50,000 美元，這可能會影響以太坊的底部至 2,700 美元以下。這種下降可能與穩定的淨流出過程同時發生，預計將在未來一兩週內出現。

The analyst also discussed PEPE Coin, a meme coin that recently reached a new all-time high. Despite its strong investor base, Credible Crypto suggests that PEPE may have completed its upward deviation and is now targeting lower levels. He predicts a potential downside target of 30%-40%, with the possibility of losses reaching 60%-70% in a more severe dip. The target for PEPE Coin is around $0.0000040.

這位分析師還討論了 PEPE 幣，這是一種最近創下歷史新高的迷因幣。儘管擁有強大的投資者基礎，但 Credible Crypto 表示 PEPE 可能已經完成了向上偏離，現在的目標是更低的水平。他預測潛在的下行目標為 30%-40%，如果更嚴重的下跌，損失可能達到 60%-70%。 PEPE 幣的目標約為 0.0000040 美元。

Analytical Insights

分析見解

• Monitor open positions in ETH futures to gauge potential further declines.
• Anticipate a potential BTC price drop to $50,000, impacting ETH's bottom.
• Observe PEPE Coin's price movement, expecting it to reach around $0.0000040 with the potential for a 30%-70% decline.

• 監控ETH 期貨的未平倉頭寸，以評估潛在的進一步下跌。 • 預計BTC 價格可能下跌至50,000 美元，影響ETH 的底部。有可能下跌30%-70%衰退。

Credible Crypto's predictions indicate that both Ethereum and PEPE Coin may face additional declines. Closely monitoring market movements and open interest will be essential for investors navigating these uncertain times.

Credible Crypto 的預測表明，以太坊和 PEPE Coin 都可能面臨進一步的下跌。密切監控市場走勢和未平倉合約對於投資者應對這些不確定時期至關重要。