Ethereum price grazed $4,100 territory in the early hours of March 12, but a profit-taking wave observed among long-term holders threatens to scuttle the rally. 

3 月 12 日凌晨，以太幣價格觸及 4,100 美元區間，但長期持有者的獲利了結浪潮可能會破壞漲勢。

After a blistering 73% rally over the last 30-days, Ethereum price rally has hit a brick wall at $4,100 mark. Can the bulls regroup for another brazen attempt at the $4,500 milestone or will ETH price surrender the $4,000 support. 

在過去 30 天內大幅上漲 73% 後，以太幣價格漲勢已觸及 4,100 美元大關。多頭能否重新集結，再次大膽嘗試 4,500 美元的里程碑，或者 ETH 價格會放棄 4,000 美元的支撐位嗎？

Long-term investors traded 167,500 ETH within the last 24 hours

長期投資者在過去 24 小時內交易了 167,500 ETH

Unlike Bitcoin (BTC), which has entered the price discovery phase, Ethereum is still about 22% away from its $4,878 global peak. In essence, Ethereum price faces resistance and major historical accumulation clusters. 

與已進入價格發現階段的比特幣（BTC）不同，以太坊距離其 4,878 美元的全球高峰仍有約 22% 的距離。本質上，以太坊價格面臨阻力和重大歷史累積集群。

ETH price retraced 2% from the $4,100 to $3,967 in the early hours of March 12. On-chain data reveals unusually high trading activity among long-term investors who had been holding at a since 2021. 

3 月 12 日凌晨，ETH 價格從 4,100 美元回撤 2%，至 3,967 美元。鏈上數據顯示，自 2021 年以來一直持有 ETH 的長期投資者的交易活動異常活躍。

The Santiment chart below shows the number of recently traded coins that had been previously held unmoved for 3-yrs or more. This serves as a proxy for tracking impending sell-offs among long-term investors. 

下面的 Santiment 圖表顯示了先前持有 3 年或更長時間未移動的最近交易的代幣數量。這可以作為追蹤長期投資者即將拋售的指標。

On March 11, investors shifted 167,500 ETH that previously held dormant since 2021 Valued at the the current ETH price of $4,020, the long-term investors have shifted over $1 billion within the last 24 hours. 

3 月 11 日，投資者轉移了自 2021 年以來一直處於休眠狀態的 167,500 枚 ETH，以當前 ETH 價格 4,020 美元計算，長期投資者在過去 24 小時內轉移了超過 10 億美元。

When long-held coins begin to move at when prices approach a major resistance territory, it is a firm indication of an imminent profit taking spree. 

當價格接近主要阻力區域時，長期持有的代幣開始波動，這明確表明即將發生獲利了結狂潮。

Ethereum price prediction: ETH could struggle to hold above $3,900

以太坊價格預測：ETH 可能難以維持在 3,900 美元以上

With over $1 billion worth of ETH flooding the market in the last 24 hours, Ethereum price could struggle to keep up the bullish momentum in the days ahead. In effect, the bears could attempt to trigger a downswing towards $3,900. 

由於過去 24 小時內價值超過 10 億美元的 ETH 湧入市場，以太坊價格在未來幾天可能難以維持看漲勢頭。實際上，空頭可能會試圖引發價格下跌至 3,900 美元。

According to data pulled from IntoTheBlock, the ongoing profit-taking spree among the 1.34 million addresses acquired over 469,540 ETH at the average price of $4,100, could shift the momentum in favor of the bears.  

根據 IntoTheBlock 提取的數據，134 萬個地址以 4,100 美元的平均價格購買了超過 469,540 個 ETH，持續的獲利回吐可能會改變空頭的勢頭。

If this scenario plays out, ETH price could slide toward $3,900. 

如果這種情況發生，ETH 價格可能會滑向 3,900 美元。

On the upside, if the growing market demand surges high enough to absorb the $1 billion ETH supply, the bull can hold the $4,000 support and make another brazen attempt at reclaiming $4,500.

從好的方面來看，如果不斷增長的市場需求激增到足以吸收 10 億美元的 ETH 供應，多頭可以守住 4,000 美元的支撐位，並再次大膽嘗試奪回 4,500 美元。

Read more: Top 3 cryptos attracting investors’ attention: KangaMoon (KANG) Solana (SOL) and Dogecoin (DOGE)

了解更多：吸引投資者關注的前三名加密貨幣：KangaMoon (KANG) Solana (SOL) 和 Dogecoin (DOGE)