隨著比特幣（BTC）的價格嘗試反映Gold的拋物線移動

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

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

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.Is the Bottom In Yet?

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ETH ETF問題將連續第三週註冊現金流出。

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.

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，與比特幣相比，ETH/USD的售價很大。

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

The Ethereum network remains undisputed in the decentralized financial (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 led by 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）領域中尚無定論，總價值鎖定（TVL）約為450億美元，stablecoins市值超過1230億美元。為了在索拉納（Solana（Sol））領導的替代第一層（L1）連鎖店的提高中保持競爭力，以太坊核心開發人員正在努力啟動Pectra升級。

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。