Ethereum Faces Significant Decline

以太坊面临大幅下跌

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.

以太坊（ETH）是按市值计算的第二大加密货币，随着近期比特币（BTC）的下跌，以太坊（ETH）也经历了显着下跌。下跌可能是由于人们担心比特币大量销售进入市场。一位知名分析师此前曾预测，在这次经济低迷期间，以太坊可能会触底。

Potential Future of Ethereum

以太坊的潜在未来

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?

著名加密货币分析师 Credible Crypto 在最新的市场更新中分析了以太坊的潜在未来。在最近的下跌之前，当价格在 3,000 美元左右时，他曾表示未平仓合约是可能下跌的关键指标。 ETH 此后下跌，但是否已达到预期水平？

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，虽然由于价格下跌，以美元计算的期货未平仓头寸有所减少，但头寸尚未出现大幅下降。他估计新的底部可能会在 2,200 美元至 2,700 美元之间建立。当 ETH 接近这些水平时，建议投资者监控未平仓头寸。

Potential BTC and PEPE Coin Declines

BTC 和 PEPE 代币的潜在下跌

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 预测 BTC 可能会跌至 50,000 美元，这可能会影响以太坊的底部至 2,700 美元以下。这种下降可能与稳定的净流出过程同时发生，预计将在未来一两周内出现。

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.

这位分析师还讨论了 PEPE 币，这是一种最近创下历史新高的模因币。尽管拥有强大的投资者基础，但 Credible Crypto 表示 PEPE 可能已经完成了向上偏离，现在的目标是更低的水平。他预测潜在的下行目标为 30%-40%，如果更严重的下跌，损失可能达到 60%-70%。 PEPE 币的目标约为 0.0000040 美元。

Analytical Insights

分析见解

• 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.

• 监控 ETH 期货的未平仓头寸，以评估潜在的进一步下跌。• 预计 BTC 价格可能下跌至 50,000 美元，影响 ETH 的底部。• 观察 PEPE 币的价格走势，预计其价格将达到 0.0000040 美元左右，并有可能下跌 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 的预测表明，以太坊和 PEPE Coin 都可能面临进一步的下跌。密切监控市场走势和未平仓合约对于投资者应对这些不确定时期至关重要。