以太坊价格飙升：分析潜在因素

You can also read this news on COINTURK NEWS: Ethereum Price Surge: Analyzing the Underlying Factors

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Ethereum‘s price began to climb today, surpassing $3,630 with a 3.5% increase since March 31. The price of Ethereum has risen by 18.75% from the local low of around $3,050 set just over a week ago. So, what are the factors supporting Ethereum’s price increase in recent days? Let’s take a look.

以太坊的价格今天开始攀升，自 3 月 31 日以来上涨了 3.5%，突破了 3,630 美元。以太坊的价格较一周前创下的 3,050 美元左右的局部低点上涨了 18.75%。那么，支撑以太坊近几日价格上涨的因素有哪些呢？让我们来看看。

Why Is Ethereum Rising?

以太坊为何上涨？

Ethereum’s ongoing rise against the US dollar coincides with equally strong gains against Bitcoin. The widely followed ETH/BTC pair gained approximately 2.5% in value on March 31, reaching 0.051 BTC, indicating a possible short-term capital rotation.

以太坊兑美元的持续上涨与比特币同样强劲的上涨同时发生。广受关注的 ETH/BTC 货币对在 3 月 31 日上涨约 2.5%，达到 0.051 BTC，表明可能存在短期资金轮动。

Moreover, Ethereum’s performance against the broader cryptocurrency market has significantly improved in the last 48 hours, as highlighted by a 2.16% increase in the Ethereum Dominance Index (ETH.D) from its lowest level on March 29.

此外，以太坊相对于更广泛的加密货币市场的表现在过去 48 小时内显着改善，以太坊优势指数 (ETH.D) 从 3 月 29 日的最低水平上涨 2.16% 就凸显了这一点。

This trend underscores a growing capital inflow from rival altcoin projects into the Ethereum market, bolstering Ethereum’s value in dollars. The recent gains in Ethereum occurred prior to an accumulation period among the wealthiest investors, also known as whales.

这一趋势突显出越来越多的资金从竞争对手的山寨币项目流入以太坊市场，从而支撑了以太坊的美元价值。以太坊最近的上涨发生在最富有的投资者（也称为鲸鱼）的积累期之前。

According to blockchain data analytics platform Glassnode, organizations holding between 1,000 and 10,000 Ethereum increased their reserves by approximately 1.15% in March. Interestingly, this accumulation pattern often precedes significant price increases in the ETH/USD pair, as witnessed today.

根据区块链数据分析平台 Glassnode 的数据，持有 1,000 至 10,000 个以太坊的组织在 3 月份增加了约 1.15% 的储备。有趣的是，正如今天所见，这种积累模式通常先于 ETH/USD 货币对价格大幅上涨。

Ethereum in the Futures Market

期货市场中的以太坊

Ethereum’s price increase today coincided with a sharp rise in funding rates in the futures market. Notably, as of March 31, the funding rate for Dogecoin futures contracts reached its highest level since March 12, at 0.0591% every eight hours or 1.24% weekly, indicating an increased cost of holding long positions.

以太坊今日价格上涨恰逢期货市场融资利率大幅上涨。值得注意的是，截至3月31日，狗狗币期货合约的资金费率达到3月12日以来的最高水平，每八小时0.0591%，每周1.24%，表明持有多头头寸的成本增加。

At the same time, Ethereum’s open interest, or the total number of outstanding futures contracts, stabilized around $14 billion after reaching an all-time high three days prior.

与此同时，以太坊的未平仓合约（即未平仓期货合约总数）在三天前达到历史新高后稳定在 140 亿美元左右。

The rising funding rates, along with the stabilized open interest, suggest that investors are borrowing more to finance their long positions, expecting the asset’s price to rise and hoping to increase their returns.

融资利率上升以及未平仓合约稳定表明，投资者正在借入更多资金来为其多头头寸融资，预期资产价格上涨并希望增加回报。