當比特幣（BTC）價格試圖反映Gold的拋物線移動時，以太坊（ETH）價格遭受了無情的看跌眼光

隨著比特幣（BTC）的價格試圖反映Gold的拋物線舉動，以太坊（ETH）的價格遭受了無情的看跌前景。

As Bitcoin (BTC) price attempts to mirror gold’s parabolic move, Ethereum (ETH) price has suffered a relentless bearish outlook. The large-cap altcoin, with a fully diluted valuation of about $228 billion and a 24-hour average trading volume of around $19 billion, has been trapped in a multi-week correction.

隨著比特幣（BTC）的價格試圖反映Gold的拋物線動作，以太坊（ETH）的價格遭受了無情的看法。大型Altcoin的估值完全稀釋約2280億美元，平均交易量約為190億美元，已被困在多個星期的更正中。

Since the second inauguration of U.S. President Donald Trump, Ethereum price has lost two crucial support levels, around $3,200 and $2,200. In the past three weeks, Ether’s price has dropped over 33 percent to trade at about $1,891 on Friday, March 14, during the early European trading session.

自美國總統唐納德·特朗普的第二次就職以來，以太坊的價格失去了兩個關鍵的支持水平，約為3,200美元和2,200美元。在過去的三周中，3月14日（星期五）在歐洲早期交易會期間，Ether的價格下跌了33％以上的交易約為1,891美元。

Ethereum Whales Buys the Capitulation-Fear

以太坊鯨魚購買了投降恐懼

以太坊鯨魚購買了投降恐懼

As major stock indexes, led by the S&P 500, continue to bleed amid the heightened mid-term uncertainty triggered by the U.S. tariff wars, long-term traders and institutional investors have continued to take refuge in the gold and stablecoins market.

由於主要股票指數在標準普爾500指數的領導下，在美國關稅戰爭引發的中期不確定性的提高，長期交易者和機構投資者繼續在黃金和穩定市場中避難。

According to on-chain data from Glassnode, long-term Ether holders are in notable fear. Meanwhile, the U.S. spot Ether ETF issues are about to register the third consecutive week of cash outflow after recording a net outflow of about $73 million on Thursday.

根據GlassNode的鍊鍊數據，長期以太持有人非常恐懼。同時，在周四記錄了約7300萬美元的淨流出後，美國現貨ETHET問題將連續第三週註冊現金流出。

Is the Bottom In Yet?

底部是嗎？

底部是嗎？

For the past year, Ethereum price has faced intense bearish sentiment after experiencing a heightened resistance level of around $4k. From a technical analysis standpoint, the ETH/USD is heavily oversold compared to Bitcoin (BTC).

在過去的一年中，以太坊的價格在$ 4,000美元左右的阻力水平上升後面臨著強烈的看跌感。從技術分析的角度來看，與比特幣（BTC）相比，ETH/USD大量超售。

As a result, Ether’s price must rebound from the current support level to avoid further capitulation towards $1.5k in the coming weeks. Additionally, the ETH/BTC pair has been retesting a crucial support level of around 0.023 in the past week, which could incubate bullish sentiment in the near future.

結果，以太價格必須從目前的支持水平反彈，以避免在接下來的幾週內進一步投降到1.5k美元。此外，在過去一周中，ETH/BTC對重新測試了至關重要的支持水平，約為0.023，這可能會在不久的將來孵化看漲的情緒。

Silver Lining

一線希望

一線希望

The Ethereum network remains undisputed in the decentralized finance (DeFi) space, with around $45 billion in total value locked (TVL) and over $123 billion in stablecoins market cap. In a bid to remain competitive amid the rising adoption of alternative layer one (L1) chains like Solana (SOL), the Ethereum core developers are working on launching the Pectra upgrade soon.

以太坊網絡在分散的金融（DEFI）領域中尚未懸而未決，總價值鎖定（TVL）約為450億美元，而Stablecoins市值超過1230億美元。為了在採用Solana（SOL）等替代第一層（L1）連鎖店的提高，以至於以太坊核心開發人員正在努力啟動Pectra升級，以保持競爭力。

On Thursday, Tim Beiko, a core developer at Ethereum Foundation, announced the team will launch the third testnet dubbed Hoodi, to better prepare for the Pectra upgrade by at least mid April, 2025.

週四，以太坊基金會的核心開發商蒂姆·貝科（Tim Beiko）宣布，該團隊將啟動第三個被稱為Hoodi的測試網，以便在2025年4月中旬之前為Pectra升級做好準備。