以太（ETH）下跌超過5％，低於$ 2,600，因為市場衰退會影響加密貨幣

最大的Altcoin的價格性能使Coindesk 20指數降低了近4％，因為市場低迷也影響了股票市場

The price of ether (ETH) has dropped more than 5.1% over the past 24-hour period to below $2,600, while bitcoin (BTC) is down around 2.9% over the same period to $95,700.

在過去的24小時內，以太（ETH）的價格已下跌了5.1％以下，低於2,600美元，而比特幣（BTC）在同一時期降至2.9％左右，降至95,700美元。

The performance pushed down the CoinDesk 20 Index by nearly 4% over the period amid a market downturn that also affected equities markets over U.S. President Donald Trump announcing plans to unveil reciprocal tariffs next week, escalating fears of a trade war with the country’s major trading partners.

該表現使Coindesk 20指數在市場下滑的情況下將Coindesk 20指數降低了近4％ 。

However, ether's underperformance comes amid other factors influencing the cryptocurrency specifically, including its circulating supply having recently risen past pre-Merge levels. The Ethereum Merge — the network's merge with the Beacon Chain that moved it to a Proof-of-Stake (PoS) consensus mechanism — was widely expected to help its supply drop, and it did so for months.

但是，Ether的表現不佳是在影響加密貨幣的其他因素中出現的，包括其循環供應最近在前合併水平上升。以太坊合併 - 網絡與信標連鎖店的合併，該鏈將其轉移到了商品證明（POS）共識機制 - 廣泛期望有助於其供應下降，並且它確實有幾個月。

The trend, however, reversed in April, weeks after the activation of the highly anticipated “Dencun” upgrade. This upgrade went on to suppress the growth of layer-2 networks by reducing their data fees and introduced transaction “blobs,” which helped reduce transaction fees.

然而，這種趨勢在激活備受期待的“ Dencun”升級後的幾週後逆轉。該升級繼續通過減少其數據費用並引入交易“ Blobs”來抑制2層網絡的增長，這有助於減少交易費用。

Reducing transaction fees on Ethereum has meant that less ether is burned, which in turn reversed the cryptocurrency's supply trend. Since the introduction of EIP-1559 in 2021, every ether transaction has a base fee that gets burned, helping reduce the supply of ETH.

減少以太坊的交易費用意味著較少的醚被燃燒了，這反過來扭轉了加密貨幣的供應趨勢。自2021年引入EIP-1559以來，每項以太交易的基本費用都被燒毀，有助於減少ETH的供應。

The reduction in burned ether has seen ETH's supply grow over the last few months to the point its circulating supply has grown by 8,242 ETH since the Merge, data from Ultrasound.money shows.

Ultrasound.Moneys顯示，自合併以來，燃燒的以太的減少已經看到ETH的供應在過去的幾個月中增長，直到其循環供應量增長了8,242 ETH。

Ether also saw the Securities and Exchange Commission (SEC) recently delay its decision on listing options contracts for BlackRock's iShares Ethereum Trust (ETHA), which could also be weighing on the cryptocurrency's performance.

Ether還看到證券交易委員會（SEC）最近推遲了其在列出貝萊德（BlackRock）的iShares以太坊信託（ETHA）上列出期權合約的決定，這也可能使加密貨幣的績效權衡。

Other factors, including a restriction of the Ethereum Foundation and heightened competition from other networks, including Solana, have also been affecting ether, whose value relative to BTC recently dropped to 2021 lows. In a research report, JPMorgan has said ETH lacks a compelling narrative like that of BTC

其他因素，包括限制以太坊基金會和包括Solana在內的其他網絡的競爭加劇，也影響了Ether，其相對於BTC的價值最近下降到2021個低點。摩根大通在一份研究報告中說，ETH缺乏像BTC這樣的引人入勝的敘述

Despite the bearish performance, analysts have pointed out ether's price is mirroring a pattern it saw before that was followed by renewed bullish momentum. On Friday, Jake Ostrovskis, an OTC trader at crypto market maker Wintermute, told CoinDesk he was seeing “strong over-the-counter demand for ETH.”

儘管表現出看跌，但分析師指出，以ether的價格反映了它在此之前看到的模式，其次是新的看漲勢頭。週五，加密貨幣營銷商Wintermute的OTC交易員傑克·奧斯特羅夫斯基斯（Jake Ostrovskis）告訴Coindesk，他看到了“對ETH的強烈非處方需求”。

Analysts at Santiment pointed out on social media there has been a drop in the amount of ETH tokens at a profit since they were first mined as bearish sentiment affects the cryptocurrency, which could be a potential setup for a surprise bounce “once crypto markets are able to stabilize.”

Santiment的分析師在社交媒體上指出，自從他們首次被開採時，ETH代幣的數量下降了，因為看跌式情緒會影響加密貨幣，這可能是令人驚訝的反彈的潛在設置。一旦加密市場能夠穩定。”