Ethereum’s Ether (ETH) has witnessed a notable increase, climbing 3.5% to surpass $3,630 on March 31.

以太幣的以太幣 (ETH) 出現顯著上漲，3 月 31 日上漲 3.5%，突破 3,630 美元。

This rise marks an 18.75% improvement from its recent low near $3,050, observed just over a week ago.

這一漲幅標誌著較一周前接近 3,050 美元的近期低點上漲了 18.75%。

The momentum behind Ether’s recent price uptick is multifaceted.

以太幣近期價格上漲背後的動力是多方面的。

A significant aspect is its performance against both the U.S. dollar and Bitcoin (BTC).

一個重要方面是其兌美元和比特幣（BTC）的表現。

The ETH/BTC pair, for instance, saw a 2.5% increase on the same day, reaching 0.051 BTC.

例如，ETH/BTC 貨幣對當天上漲 2.5%，達到 0.051 BTC。

This suggests a potential short-term capital shift towards Ether.

這表明短期資本可能會轉向以太幣。

Ether’s market dominance has also seen a boost, evidenced by a 2.16% rise in the Ethereum Dominance Index (ETH.D) in the last 48 hours from its March 29 low.

以太坊的市場主導地位也得到了提升，以太坊主導指數（ETH.D）在過去 48 小時內從 3 月 29 日的低點上漲了 2.16% 就證明了這一點。

This trend indicates an inflow of investment from other altcoins into Ether, strengthening its dollar valuation.

這一趨勢表明投資從其他山寨幣流入以太幣，從而增強了其美元估值。

A key factor in this surge is the behavior of Ether’s largest holders, or “whales,” who have been accumulating more ETH.

這次飆升的關鍵因素是以太幣最大持有者或「鯨魚」的行為，他們一直在累積更多的以太幣。

Glassnode data shows that entities with 1,000 to 10,000 ETH have increased their holdings by 1.15% in March. Such accumulation patterns have historically preceded significant price rallies.

Glassnode數據顯示，擁有1,000至10,000 ETH的實體在3月增持了1.15%。從歷史上看，這種累積模式先於價格大幅上漲。

Furthermore, Ether’s funding rates in the perpetual contracts market have escalated, with the funding rate for Dogecoin perpetual futures reaching 0.0591% per eight hours as of March 31.

此外，以太坊在永續合約市場的資金費率不斷上升，截至 3 月 31 日，狗狗幣永續合約的資金費率達到每 8 小時 0.0591%。

READ MORE: Bitcoin Withdrawals Soar as US Spot ETFs Spark Historic Supply Squeeze

閱讀更多：美國現貨 ETF 引發歷史性供應緊縮，比特幣提款量激增

This indicates a higher cost for maintaining long positions and suggests an anticipation of further price increases.

這表明維持多頭頭寸的成本較高，並暗示價格進一步上漲的預期。

Ether’s open interest in derivative contracts has leveled at around $14 billion, following a recent peak.

以太坊衍生性合約的未平倉合約在近期達到高峰後已穩定在 140 億美元左右。

This stabilization, coupled with rising funding rates, suggests an eagerness among traders to leverage their positions, anticipating further price growth.

這種穩定，加上融資利率的上升，顯示交易者渴望利用其頭寸，預計價格將進一步上漲。

Ether’s current trajectory also reflects technical analysis patterns.

以太坊目前的走勢也反映了技術分析模式。

After testing its lower trendline in what seems to be a rising wedge pattern, Ether found support at the $3,485 level, corresponding to its 0.236 Fibonacci retracement.

在以上升楔形模式測試其較低趨勢線後，以太幣在 3,485 美元水平找到支撐，對應於 0.236 斐波那契回撤位。

Rising wedges typically indicate a potential price drop; however, if Ether breaks above the pattern’s upper trendline, it could ascend towards $4,000 by the end of April, challenging the 0.0 Fibonacci level.

上升楔形通常表示價格可能下跌；然而，如果以太幣突破該模式的上部趨勢線，它可能會在 4 月底升至 4,000 美元，挑戰 0.0 斐波那契水平。

Conversely, adherence to the rising wedge pattern could see ETH’s price target adjusting to around $3,280.

相反，如果堅持上升楔形模式，ETH 的目標價可能會調整至 3,280 美元左右。

To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.

若要提交加密貨幣新聞稿 (PR)，請發送電子郵件至 sales@cryptointelligence.co.uk。