隨著交易費用達到歷史最低低點，以太坊（ETH）網絡活動降至2020級

交易費用達到了歷史最低水平，削弱了以太坊的通貨膨脹模型並增加了通貨膨脹風險。

Ethereum's network activity has dropped to 2020 levels as transaction fees hit all-time lows, crypto analyst EgyHash observes. This inactivity is affecting the burning mechanism and increasing inflation risks.

Crypto分析師Egyhash觀察到，隨著交易費用達到歷史最低，以太坊的網絡活動已下降到2020年。這種不活動正在影響燃燒機制和通貨膨脹風險的增加。

Transaction Fees Hit All-Time Lows As Network Activity Fades

當網絡活動逐漸消失時，交易費用達到了歷史最低水平

According to EgyHash's analysis, Ethereum's network activity is gradually slowing down, pushing the asset into a difficult position. Compared to Bitcoin, Ethereum's performance has dropped to levels not seen since 2020, putting it on the brink of a 91% crash, as per crypto analyst Ali Martinez.

根據Egyhash的分析，以太坊的網絡活動正在逐漸減慢，使資產陷入困境。與比特幣相比，以太坊的性能已經下降到自2020年以來從未見過的水平，這使它處於91％崩潰的邊緣，根據加密貨幣分析師Ali Martinez。

This inactivity is mainly attributed to the declining number of active addresses, which has been dropping steadily since the start of the year. As a result, transaction fees are also decreasing. According to on-chain data, both the average fee per transaction and block have hit all-time lows.

這種不活動主要歸因於活動地址數量的下降，自年初以來，該地址一直在穩步下降。結果，交易費用也正在減少。根據鍊鍊數據，每筆交易的平均費用和塊的平均費用都達到了歷史最低點。

This development could have significant implications for Ethereum's ecosystem. Transaction fees are a crucial part of Ethereum's deflationary model, as they are burned to reduce the overall token supply. However, with transaction fees hitting all-time lows and network activity slowing down, the burning mechanism has weakened considerably.

這種發展可能對以太坊的生態系統產生重大影響。交易費用是以太坊放流模型的關鍵部分，因為它們被燃燒以減少整體代幣供應。但是，隨著交易費用達到歷史最低水平，網絡活動減慢，燃燒機制已大大削弱。

Moreover, this inactivity is unfolding amid a period of strong selling pressure, particularly from Ethereum whales. In just two weeks, whales have dumped 760,000 ETH, valued at about $1.42 billion.

此外，由於銷售壓力很大，尤其是以太坊鯨魚，這種不活動正在發展。在短短的兩個星期內，鯨魚傾倒了760,000 ETH，價值約14.2億美元。

This activity has also seen a decrease of 63.8% in the last five weeks, signaling major trouble. If this trend continues, it could lead to a massive sell-off and more price pain for the altcoin.

在過去的五週內，這項活動也下降了63.8％，這標誌著主要麻煩。如果這種趨勢持續下去，它可能會導致山寨幣的大量拋售和更大的價格痛苦。

Impact of the Dcun Upgrade

DCUN升級的影響

The burning mechanism is crucial for controlling inflation and maintaining the value of the token. However, with transaction fees at record lows and network activity at 2020 levels, the burn rate has hit its lowest level since Ethereum transitioned to proof-of-stake with the merge in September 2022.

燃燒機制對於控制通脹和維持令牌的價值至關重要。但是，隨著創紀錄的低點和2020年級的網絡活動的交易費用，燃燒率達到了以太坊在2022年9月與Merge一起過渡到股份證明以來的最低水平。

According to EgyHash, this situation is making it difficult for Ethereum to maintain its value. For a recovery, network activity and transaction fees must rise. However, if inflation continues to exceed demand, then Ethereum's price could remain under pressure.

根據埃及哈什（Egyhash）的說法，這種情況使以太坊難以保持其價值。為了恢復，必須上升網絡活動和交易費用。但是，如果通貨膨脹率繼續超過需求，那麼以太坊的價格可能會在壓力下保持壓力。

Ethereum's 91% Crash Warning

以太坊的91％崩潰警告

In another analysis, crypto analyst Ali Martinez has warned of a potential Ethereum crash against Bitcoin. According to Martinez, if the ETH/BTC chart is flipped upside down, it shows a double-top pattern—a classic bearish signal that often leads to a sharp fall.

在另一項分析中，加密分析師阿里·馬丁內斯（Ali Martinez）警告說，對比特幣的可能以太坊崩潰。根據馬丁內斯（Martinez）的說法，如果ETH/BTC圖表顛倒過來，它顯示出雙頂圖案，這是經典的看跌信號，通常會導致急劇下降。

From this angle, the $ETH / $BTC trading pair could be heading to 0.0020 !pic.twitter.com/6kbCwP5krT

從這個角度來看，$ eth / $ btc交易對可能會前往0.0020！ pic.twitter.com/6kbcwp5krt

He claims that if this pattern plays out, then ETH/BTC could tumble to 0.0020 BTC. Currently, Ethereum is trading at 0.02153 BTC ($1,766), meaning such a drop would be a devastating crash for the asset.

他聲稱，如果這種模式播出，則ETH/BTC可以跌至0.0020 BTC。目前，以太坊的交易價格為0.02153 BTC（1,766美元），這意味著這種下降將是該資產的毀滅性崩潰。

However, technical analysis suggests that if Ethereum manages to hold above the $1,800 support level and begins a recovery, similar to Bitcoin, it could push past the $1,900 and $1,950 resistance zones.

但是，技術分析表明，如果以太坊設法超過1,800美元的支持水平並開始恢復，類似於比特幣，它可能會超過1,900美元和1,950美元的電阻區。

But if it falls below $1,800, it could continue down to test the next support at $1,700 and potentially lower levels.

但是，如果它低於$ 1,800，它可能會繼續下降，以測試下一個支持的價格為1,700美元，並可能降低水平。