主要洞察：
- Ethereum crypto bullish momentum cools after retesting its 6-month resistance.
- An X user, 0xNobler, reported that BlackRock has been selling millions worth of ETH and BTC.
- Whale orderbooks reflect the bearish shift, with both spot and derivatives positions signaling profit-taking.
Ethereum has just experienced its most bullish week of 2026 thus far. Even so, it may be primed for a profit-taking retracement, though broader bull market expectations continue to point toward potential higher rallies.
Several elements currently signal a potential downside turn for ETH as its native asset.">Ethereum, particularly as the cryptocurrency crossed the $2,400 threshold for the first time since the early days of May.
That exact threshold acted as an ETH as its native asset.">Ethereum resistance area throughout its six-month consolidation period. At the time of publication, the price of ETH changed hands at $2,429.
A second major catalyst hinting at a possible pullback was that the 以太坊-native asset had pushed deep into overbought conditions. Over the prior 24 hours, bullish ETH price momentum had slowed down markedly compared to its strong showing on Wednesday and Thursday.
据报道贝莱德正在大举抛售 ETH 和比特币
Institutional capital drove much of the recent rally in ETH and BTC. Ethereum ETFs alone captured $508.6 million beginning Monday, marking the highest weekly inflows seen in several months.
尽管如此，本周结束时的主要结论是，据报道贝莱德在过去 24 小时内进行了激进的获利回吐。
DeFi 研究员 0xNobler 在 Twitter 上分享称，贝莱德可能正在锁定收益。有趣的是，贝莱德的 ETHA 在本周累积该资产的以太坊 ETF 中名列前茅。
The involvement of a leading institutional buyer shifting to profit-taking could reinforce bearish sentiment and introduce extra selling pressure to the market.
以太坊加密货币巨鲸订单簿显示出沉重的看跌仓位
Adding to the bearish signals implied by BlackRock’s large-scale selling, prominent orderbook activity likewise points toward a potential downturn.
CoinGlass 的数据显示，现货市场上已完成的 ETH 巨鲸订单导致币安（Binance）出现 266 万美元的净流出，OKX 则流出了 844 万美元。
从衍生品板块来看，OKX 期货记录的净空头头寸总计达 7.6716 亿美元。Coinbase 也偏向看跌，不过其数字保持在 100 万美元以下。
Conversely, Binance managed to generate $359.13 million in long positions. Even so, the derivatives market remained net negative overall, indicating that whales favored the bearish side throughout Friday’s trading sessions.
值得一提的是，周四和周五早盘期间，ETH 衍生品曾出现价值数十亿美元的空头头寸。最新数据表明，空头情绪发生了轻微转变，这很可能是由他们最近遭受的惨重损失所驱动的。
以太坊加密货币的下一步走势如何？
巨鲸空头头寸的减少暗示空头可能正在退缩。然而，在当前高位（尤其是贝莱德）出现的巨额获利回吐，突显了一个关键的动态。
以太坊多头与空头的拉锯战仍在继续，目前已进入市场主导地位面临严峻考验的阶段。ETH 是否能维持其看涨势头，将取决于涌入的需求消化获利回吐的能力。
On the flip side, if demand cools, ETH may succumb to a selloff sparked by profit-taking. With recent enthusiasm leaving the market to question if the true bull run has finally arrived, these next few days could serve as a decisive turning point.
常见问题解答
- 以太坊最近突破了哪个价格水平？ 以太坊自 5 月初以来首次突破 2,400 美元，截至发稿时交易价格为 2,429 美元。
- 为什么分析师预计 ETH 可能会出现回调？ The asset has retested a 6-month resistance zone, entered deep overbought territory, and faced heavy profit-taking from major institutional players.
- 贝莱德正在抛售其持有的加密货币吗？ Reports indicate that BlackRock has been aggressively taking profits and selling millions worth of both ETH and BTC.
- 巨鲸订单簿表明当前的市场情绪如何？ Spot market data shows net outflows on major exchanges, while derivatives show heavy overall short positioning, pointing to a bearish shift among whales.
