Ether（ETH）價格需要29％的收入才能收回$ 2.5K

在3月8日至3月11日之間，Ether Ethusd在3月8日至3月11日之間下跌了13％，因為投資者搬到了短期固定收入和現金頭寸，在全球關稅戰爭和對經濟衰退的恐懼中的恐懼中尋求安全。

Ether (ETH) price fell 13% between March 8 and March 11 as investors booked more short-term fixed-income and cash positions amid a global tariff war and increased fears of an economic downturn.

在3月8日至3月11日之間，Ether（ETH）的價格下跌了13％，因為投資者在全球關稅戰爭並增加了對經濟衰退的恐懼中預定了更多的短期固定收益和現金頭寸。

ETH price needs 29% gains to hit $2.5K

ETH價格需要29％的收益才能達到2.5k美元

The market concerns heightened after the U.S. responded to Canada’s electricity surcharge with retaliatory measures, which traders typically overreact to, making it more likely that Ether will recover faster than other assets.

在美國通過報復措施對加拿大電力附加費作出反應後，市場涉及加劇，這通常會過度反應，這使得以太幣的恢復速度比其他資產更快。

While some suggest that risk assets are driven by inflation and economic growth data, others say gains depend on stimulus measures and monetary expansion.

儘管有些人認為風險資產是由通貨膨脹和經濟增長數據驅動的，但另一些人則說，收益取決於刺激措施和貨幣擴張。

Regardless of the catalyst for the next bull run, Ether price needs to climb 29% from its current $1,940 level to reach $2,500. This move will require increased demand from leveraged buyers, whose activity is now at its lowest point in five months.

不管下一次公牛跑的催化劑如何，以太價格從目前的$ 1,940水平攀升29％，達到2,500美元。此舉將需要增加槓桿買家的需求，槓桿買家的活動現在是五個月內的最低點。

Traders want higher prices to compensate for longer settlement periods, making a 5% to 10% annualized premium (basis rate) expected in neutral markets. When rates fall below this range—such as the current 4.5%—it signals weak bullish conviction.

交易者希望更高的價格彌補更長的結算期，使中性市場預期的年度溢價（基本率）達到5％至10％。當利率低於此範圍（例如目前的4.5％）時，它標誌著看漲的信念較弱。

Excessive optimism played a role in Ether’s recent correction, as $235 million in leveraged long positions were liquidated between March 10 and March 11.

過度的樂觀情緒在Ether最近的糾正中發揮了作用，因為在3月10日至3月11日之間，有2.35億美元的槓桿率長度被清算。

The panic selling drove ETH to a low of $1,744, its lowest level since October 2023. However, several indicators suggest a potential recovery, as ETH derivatives and onchain metrics show resilience.

恐慌銷售將ETH驅動到1,744美元的最低水平，這是自2023年10月以來的最低水平。但是，由於ETH衍生物和OnChain指標表明彈性，有幾個指標表明潛在的恢復。

Ethereum L2 network grows

以太坊L2網絡增長

Ether is currently trading 60% below its all-time high of $4,868 from November 2021. This decline is largely attributed to increased competition in the smart contract sector and waning demand for applications such as non-fungible tokens (NFTs), gaming, collectibles, metaverse projects, social networks, and Web3 infrastructure.

Ether目前的交易價格低於其歷史高度60％，從2021年11月起，其有史以來4,868美元。這種下降在很大程度上歸因於智能合同行業的競爭增加以及對應用程序的需求減弱，例如不可殺死的代幣（NFTS），遊戲，收藏品，收藏品，元元項目，社交網絡，社交網絡和Web3 Infrastruce。

However, this perspective neglects a crucial factor. In late 2021, the average transaction fee on Ethereum was over $50, and the activity on the layer-2 ecosystem was 97% lower than it is today.

但是，這種觀點忽略了關鍵因素。在2021年底，以太坊的平均交易費用超過50美元，並且第2層生態系統的活動比今天低97％。

For instance, a token swap on Ethereum’s base layer cost $1.70 on March 11 despite the fact that the number of daily average operations per second is increasing, highlighting the progress in network efficiency.

例如，儘管以太坊基礎層的代幣交換在3月11日的價格為1.70美元，儘管每天的每日平均操作數量正在增加，這突顯了網絡效率的進度。

Even if bots generate 80% of layer-2 transactions, the remaining 20% of activity on Base, Arbitrum, Optimism, ZKsync, and Blast is still roughly three times higher than Ethereum’s base layer. But critics have a valid point: despite the surge in network activity, validators are earning significantly less compared to late 2021.

即使機器人產生了80％的第2層交易，其餘的20％的活動在基礎，仲裁，樂觀，ZKSYNC和BLAST上仍比以太坊的基礎層高三倍。但是批評家有一個有效的觀點：儘管網絡活動激增，但與2021年底相比，驗證者的收入要少得多。

Ethereum regains DEX top-spot, TVL grows

以太坊恢復了DEX頂部，TVL成長

Ethereum has also strengthened its position as the second-most preferred option for institutional investors in traditional finance, supported by $8.9 billion in spot exchange-traded funds (ETFs).

以太坊還加強了其作為傳統金融機構投資者的第二首首選項的地位，並得到了89億美元的現貨交易所資金（ETF）的支持。

Meanwhile, competitors like Solana are still awaiting regulatory approval for similar ETF products. Even if they do get approved, they cannot compete with the first-mover advantage of the Grayscale Ethereum Trust, which commenced public trading on over-the-counter markets in June 2019.

同時，諸如Solana之類的競爭對手仍在等待類似ETF產品的監管批准。即使他們確實獲得了批准，他們也無法與灰度以太坊信託基金的第一步優勢競爭。

Furthermore, Ethereum smart contract deposits, measured by total value locked (TVL), reached their highest level since July 2022 in ETH terms on March 11, marking a 10% increase over the past two weeks.

此外，以ETH鎖定總值（TVL）衡量的以太坊智能合同存款在3月11日以ETH以來的最高水平達到了其最高水平，在過去兩周中增長了10％。

At 24 million ETH, Ethereum’s TVL has been driven by the growth of liquid staking, lending, yield farming, and real-world asset tokenization. The network recently reclaimed its leading position in decentralized exchange volumes, reaching $20.5 billion over seven days and surpassing Solana’s $13.9 billion, according to DefiLlama data.

Ethereum的TVL在2400萬ETH上是由液體蒸發，貸款，產量養殖和現實世界中的代幣化的增長所驅動的。根據Defillama的數據，該網絡最近在分散的交換量中收回了領先地位，在7天內達到了205億美元，並超過了Solana的139億美元。

This presents a bullish outlook for ETH’s price, fueled by layer-2 transactions nearing all-time highs, the network's return to the top spot in DEX volume, and the observed increase in TVL deposits.

這表明了對ETH價格的看漲前景，這是由於接近歷史高點的第2層交易所推動，該網絡返回DEX量的最高點以及觀察到的TVL沉積物的增加。

Ultimately, the trend reversal of Ether remains heavily dependent on macroeconomic improvements, but once stabilized, ETH is poised to regain $2,500 as a key support level in the coming weeks.

最終，以太的趨勢逆轉仍然在很大程度上取決於宏觀經濟的改善，但是一旦穩定，ETH準備在接下來的幾週內重新獲得2,500美元作為關鍵支持水平。