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

以太坊的以太币 (ETH) 出现显着上涨，3 月 31 日上涨 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.

这一涨幅标志着较一周前接近 3,050 美元的近期低点上涨了 18.75%。

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

以太坊近期价格上涨背后的动力是多方面的。

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

一个重要方面是其兑美元和比特币（BTC）的表现。

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

例如，ETH/BTC 货币对当天上涨 2.5%，达到 0.051 BTC。

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

这表明短期资本可能会转向以太币。

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.

以太坊的市场主导地位也得到了提升，以太坊主导指数（ETH.D）在过去 48 小时内从 3 月 29 日的低点上涨了 2.16% 就证明了这一点。

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

这一趋势表明投资从其他山寨币流入以太币，从而增强了其美元估值。

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

此次飙升的一个关键因素是以太币最大持有者或“鲸鱼”的行为，他们一直在积累更多的以太币。

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数据显示，拥有1,000至10,000 ETH的实体在3月份增持了1.15%。从历史上看，这种积累模式先于价格大幅上涨。

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，以太坊在永续合约市场的资金费率不断上升，截至 3 月 31 日，狗狗币永续合约的资金费率达到每 8 小时 0.0591%。

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

这表明维持多头头寸的成本较高，并暗示价格进一步上涨的预期。

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

以太坊衍生品合约的未平仓合约在近期达到峰值后已稳定在 140 亿美元左右。

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

这种稳定，加上融资利率的上升，表明交易者渴望利用其头寸，预计价格将进一步上涨。

Ether’s current trajectory also reflects technical analysis patterns.

以太坊目前的走势也反映了技术分析模式。

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.

在以上升楔形模式测试其较低趋势线后，以太币在 3,485 美元水平找到支撑，对应于 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.

上升楔形通常表明价格可能下跌；然而，如果以太币突破该模式的上部趋势线，它可能会在 4 月底升至 4,000 美元，挑战 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，如果坚持上升楔形模式，ETH 的价格目标可能会调整至 3,280 美元左右。

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

要提交加密货币新闻稿 (PR)，请发送电子邮件至 sales@cryptointelligence.co.uk。