如果黃金向後拉，以太坊（ETH）可以勝過比特幣（BTC）

黃金最近在$ 3100大關上粉碎了；但是，一些分析師認為這次集會可以表明市場轉變的開始

Gold prices recently broke through the $3,100 mark, but some analysts believe this rally could signal the start of a significant market shift, not just further gains for the metal itself.

黃金價格最近打破了3,100美元的大關，但一些分析師認為，這次集會可以表明市場轉變的開始，而不僅僅是金屬本身的進一步增長。

According to market expert Michael van de Poppe, Ethereum (ETH) could outperform Bitcoin (BTC) if Gold pulls back sometime in April. This prediction may sound ambitious, considering ETH’s recently lagging price momentum. Yet it is not entirely unfounded based on historical market patterns.

據市場專家邁克爾·範·德·波普（Michael van de Poppe）稱，如果戈德（Gold）在四月的某個時候退縮，以太坊（ETH）可以勝過比特幣（BTC）。考慮到ETH最近的價格勢頭，這一預測聽起來可能雄心勃勃。然而，它並非完全基於歷史市場模式而毫無根據。

When a major safe-haven asset like Gold rallies aggressively for an extended period, a price correction often follows eventually. In such a scenario, where demand for traditional hedges shrinks, investors may begin pushing liquidity back into riskier assets like Ethereum, fueling the next major crypto breakout.

當像黃金集會這樣的主要避風港資產在長時間內積極地集會時，價格更正通常會隨之而來。在這種情況下，對傳統對沖的需求縮小，投資者可能會開始將流動性推向以太坊等風險較高的資產，從而加劇了下一個重大的加密貨幣突破。

This capital rotation could also mark the beginning of a broader “Altcoin Season,” as this would signify increasing investor risk appetite flowing towards various digital assets beyond Bitcoin.

這種資本輪換也可能標誌著更廣泛的“替代季節”的開始，因為這將表示不斷增加的投資者風險食慾，這些胃口流向了比特幣以外的各種數字資產。

While Gold’s relentless drive beyond $3,100 might attract more capital into the safe-haven asset in the immediate near-term, many market analysts speculate that gold might be entering the final leg of its current major rally cycle.

儘管黃金的無情驅動器超過3,100美元，可能會在即時的近期中吸引更多的資本進入避風港資產，但許多市場分析師推測，黃金可能會進入其當前主要集會周期的最後一站。

These concerns stem partly from a mix of complex geopolitical and macroeconomic factors. This includes current global uncertainty possibly magnified by President Donald Trump’s announced stance on international trade tariffs.

這些關注部分源於復雜的地緣政治和宏觀經濟因素的混合。這包括當前唐納德·特朗普總統對國際貿易關稅的立場可能放大了當前的全球不確定性。

The US president is reportedly considering levying higher tariffs on several nations soon. His administration’s earlier announced reciprocal tariffs were slated to begin taking effect today, April 2 (“Liberation Day”).

據報導，美國總統正在考慮很快對幾個國家徵收更高的關稅。他的政府早些時候宣布的相互關稅計劃於4月2日（“解放日”）開始生效。

While institutions like Bank of America have raised gold targets ($3,063 per ounce (oz) in 2025 and $3,350/oz in 2026), shifting fiscal policies, potential tariffs escalations could temper the rally.

儘管美國銀行等機構已經提高了黃金目標（2025年的每盎司3,063美元（OZ）和2026年的3,350美元/盎司），但轉移的財政政策，但潛在的關稅升級可能會降低集會。

Due to these concerns about gold potentially nearing a peak, some traders now look for signs of exhaustion in its price momentum. This scenario, if it plays out, provides a potential opportunity for altcoins to regain market strength and attention.

由於對黃金可能接近高峰的這些擔憂，一些交易者現在在其價格動力中尋找疲憊的跡象。這種情況（如果局勢）為Altcoins提供了潛在的機會，可以恢復市場實力和關注。

Historically, Gold and cryptocurrency markets have sometimes exhibited an inverse correlation during certain periods. This often occurs during times of rapidly shifting investor sentiment between seeking safety (risk-off) and seeking higher returns (risk-on).

從歷史上看，黃金和加密貨幣市場有時在某些時期表現出逆相關性。這通常發生在尋求安全（冒險）和尋求更高回報（風險登機）之間的投資者情緒迅速轉移的時期。

While the current technical downtrend observed in the ETH/BTC trading pair makes it challenging for Ethereum to immediately find a bottom and recover relative strength against Bitcoin, a trend reversal remains a possibility, especially if market conditions shift, and analysts predict such a trend shift favoring altcoins could begin as early as April.

儘管當前在ETH/BTC交易對中觀察到的技術下降趨勢使以太坊立即找到對比特幣的底部並恢復相對強度的挑戰，但趨勢逆轉仍然是一種可能性，尤其是在市場條件變化的情況下，分析師預測，這種趨勢轉移的趨勢轉移會在4月初開始。