以太坊兌比特幣跌至三年低點，澆熄了人們的希望

以太幣（ETH）兌比特幣（BTC）的價值已暴跌至三年來的最低點，達到 0.04872 BTC。這種大幅下跌引發了人們對「逆轉」可能性的擔憂，即 ETH 的市值超過 BTC。然而，一些分析師認為當前的下跌是一個買​​入機會，理由是 ETH 兌 BTC 價格突破 0.04880 價格水準後反彈的歷史模式。

Ethereum Falls to 3-Year Low Against Bitcoin, Sparking Questions about "The Flippening"

以太幣兌比特幣跌至三年低點，引發有關「翻轉」的質疑

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has plummeted to its lowest value against Bitcoin (BTC) in three years, raising concerns about its ability to surpass the dominant digital asset in the near future. On April 5th, Barchart reported that ETH/BTC had reached a new low of 0.04872 BTC, marking a significant milestone in the market dynamics between the two cryptocurrencies.

以市值計算的第二大加密貨幣以太坊（ETH）相對於比特幣（BTC）的價值已暴跌至三年來的最低水平，引發了人們對其在不久的將來超越主流數位資產的能力的擔憂。 4 月 5 日，Barchart 報告 ETH/BTC 已觸及 0.04872 BTC 的新低，標誌著兩種加密貨幣之間市場動態的一個重要里程碑。

This latest downturn is part of a broader downtrend that has been underway since September 2022, when the cryptocurrency market crashed. During the crash, Ethereum suffered a significant drop against Bitcoin, reaching a previous low of 0.04908 BTC.

這次最新的低迷是自 2022 年 9 月加密貨幣市場崩盤以來一直在發生的更廣泛下降趨勢的一部分。崩盤期間，以太幣兌比特幣大幅下跌，觸及先前低點 0.04908 BTC。

The recent decline has raised questions about Ethereum's ability to surpass Bitcoin's market capitalization, an event commonly referred to as "the flippening." Proponents of Ethereum have argued that the network's strong fundamentals and increasing demand could make it a more valuable store of value than Bitcoin in the long run.

最近的下跌引發了人們對以太坊是否有能力超越比特幣市值的質疑，這一事件通常被稱為「翻轉」。以太坊的支持者認為，從長遠來看，該網路強大的基礎和不斷增長的需求可能使其成為比比特幣更有價值的價值儲存手段。

However, the 3-year low in ETH/BTC has prompted some analysts to question whether "the flippening" is still a realistic possibility. They argue that Ethereum's recent performance suggests that it may not be able to overtake Bitcoin in the foreseeable future.

然而，ETH/BTC 的三年低點促使一些分析師質疑「翻轉」是否仍然是現實的可能性。他們認為，以太坊最近的表現表明，在可預見的未來，它可能無法超越比特幣。

Despite the bearish sentiment, there are also analysts who see the current low as a buying opportunity. Matt's Investing Journey, a popular trading commentator, expressed optimism on Barchart's post, stating, "Buying opportunities are coming soon."

儘管市場情緒悲觀，但也有分析師認為當前的低點是買入機會。受歡迎的交易評論員 Matt's Investing Journey 對 Barchart 的貼文表示樂觀，稱「買入機會即將到來」。

Historical data provides some support for this optimistic view. Finbold analyzed monthly ETH/BTC charts and found that each time Ethereum has crossed the 0.04880 price level against Bitcoin, it has subsequently rallied to higher levels. This has been evident in key moments for cryptocurrencies, such as April 2017, November 2017, May 2021, and June 2022, when Ethereum experienced significant gains against Bitcoin, rewarding investors who held onto the asset.

歷史數據為這種樂觀觀點提供了一些支持。 Finbold 分析了 ETH/BTC 月度圖表，發現每當以太坊兌比特幣價格突破 0.04880 價格水平時，它隨後會反彈至更高水平。這在加密貨幣的關鍵時刻表現得很明顯，例如2017 年4 月、2017 年11 月、2021 年5 月和2022 年6 月，當時以太坊相對於比特幣出現了大幅上漲，獎勵了持有該資產的投資者。

While the current downtrend provides compelling evidence of Ethereum's recent weakness against Bitcoin, historical indicators suggest that it could potentially outperform Bitcoin in the medium term if the trend reverses. However, investors should be aware that the cryptocurrency market is highly speculative and all investments carry inherent risk.

雖然當前的下跌趨勢提供了令人信服的證據，證明以太坊最近相對於比特幣表現疲軟，但歷史指標表明，如果趨勢逆轉，它可能在中期內跑贏比特幣。然而，投資者應該意識到，加密貨幣市場具有高度投機性，所有投資都帶有固有風險。