以太坊和比特幣經歷了截然不同的軌跡

以太坊和比特幣在2025年第一季度經歷了截然不同的軌跡，而差異並不明顯。

The first quarter of 2025 saw Ethereum and Bitcoin take very different paths, with their divergences being difficult to ignore.

2025年第一季度，以太坊和比特幣採取了截然不同的道路，他們的分歧很難忽略。

As per data from on-chain analytics firm IntoTheBlock, Ethereum's performance was lackluster, to say the least, as it experienced a nearly 50% drop in value over the past three months.

根據鍊鍊分析公司Intotheblock的數據，至少可以說，以太坊的表現乏味，因為它在過去三個月中的價值下降了近50％。

Bitcoin, on the other hand, encountered a smaller decline above 15% as it went through a correction. This observation aligns with the broader trend in the crypto market, where the majority of inflows and interest went toward Bitcoin and a few altcoins, leaving Ethereum struggling to regain momentum.

另一方面，比特幣經過了更正，比特幣的下降幅度較小，高於15％。這一觀察結果與加密貨幣市場的更廣泛趨勢保持一致，在那裡，大多數流入和興趣都朝著比特幣和一些山寨幣，使以太坊努力掙扎著恢復動力。

Bitcoin Began Q1 2025 On A Bullish Note With Strong Interest In Bitcoin Spot ETFs

比特幣開始於Q1 2025，在對比特幣現場ETF的看漲筆記上

Bitcoin began Q1 on a notably bullish trajectory due to increasing institutional interest and strong inflows into Spot Bitcoin ETFs, a combination which pushed the price to a new all-time high of $108,786 on January 20.

比特幣始於第1季度，尤其是看漲的軌跡，這是由於機構的興趣增加並大量流入了比特幣ETF，這一組合將價格推向了1月20日的新歷史最高售價108,786美元。

This price marked the peak of a steady upward movement that has placed Bitcoin firmly in the spotlight since October 2023. However, a pronounced downtrend followed this peak, particularly in March, when the Bitcoin price dipped below $80,000 for the first time since November 2024.

這個價格標誌著自2023年10月以來，穩定的向上移動的峰值使比特幣牢固地成為人們關注的焦點。但是，自2024年11月以來，這是3月，尤其是在3月，尤其是在3月，尤其是在3月，比特幣價格首次下跌80,000美元。

An already struggling Ethereum price fared much worse and broke below a strong support of $1,900. According to data from Cryptorank, Ethereum closed Q1 2025 with a 45.3% decrease from its quarterly open.

已經掙扎的以太坊價格的情況要糟得多，並以1,900美元的高度支持下降。根據Cryptorank的數據，以太坊關閉了Q1 2025，其季度開放量減少了45.3％。

This marks the second-worst Q1 performance for Ethereum, behind a 47.5% decline in Q1 2018. Bitcoin, on the other hand, ended Q1 2025 with an 11.7% decrease from its opening price.

這標誌著以太坊的第二季度Q1表現，僅次於2018年第1季度下降47.5％。另一方面，比特幣以2025年第1季度結束，比開盤價下降了11.7％。

Image From X: IntoTheBlock

X的圖像：intotheblock

Ethereum Price Direction: $1,800 On Crosshairs As Analysts Grow Cautiously Bullish

以太坊價格方向：分析師謹慎看漲時，十字準線的1,800美元

Ethereum's decline has been amplified by a visible drop in trading interest and inflows even in Spot Ethereum ETFs. Most of the attention has been on Bitcoin, with Solana, Dogecoin, and XRP taking the most significant share of interest in the altcoin market.

以太坊的衰落已經被貿易興趣的可見下降和流入所吸引，即使在現狀的以太坊ETF中也是如此。大多數關注是對比特幣的關注，索拉納，狗狗和XRP在Altcoin市場中佔據了最重要的份額。

Nonetheless, many crypto analysts are still bullish on Ethereum and are on the outlook of a bounce as it is now nearing a bottom around $1,800. According to a crypto analyst (@CryptoELlTES ) on social media platform X, Ethereum at $1,800 is the bottom.

儘管如此，許多加密分析師仍然對以太坊看漲，並且在彈跳方面處於前景，因為它的底部接近1,800美元。根據社交媒體平台X上的一位加密分析師（@cryptoelltes）的說法，以太坊的底部為$ 1,800。

This outlook is based on this level, which acted as resistance in the 2022 bear market and is expected to flip to become support. Another analyst (Crypto Fella) noted that a reversal at this point “would be very good for alts,” suggesting a possible broader market recovery for altcoins if Ethereum finds solid footing here.

這種前景基於此水平，該水平在2022年的熊市中充當阻力，並有望翻轉成為支持。另一位分析師（Crypto Fella）指出，此時的逆轉“對Alts非常有利”，如果以太坊在這裡找到穩固的地位，則表明Altcoins可能會更廣泛的市場回收率。

Image From X: @CryptoELlTES

x的圖像：@cryptoelltes

At the time of writing, Ethereum is trading at $1,803, down by $0.18% and 1.9% in the past 24 hours and seven days, respectively.

在撰寫本文時，以太坊的交易價格為1,803美元，在過去的24小時和7天中分別下跌0.18％和1.9％。