2025年4月12日的以太坊（ETH）價格行動分析

市場開始強勁，在向上渠道內始終上升，然後以1,590美元的價格達到頂峰，如《 ETH Price 5分鐘》圖表所示。

Bitcoin maximalist Samson Mow is known for his strong takes, and he’s not holding back on Ethereum (CRYPTO:ETH) even after the “crazy 270% increase of Bitcoin (CRYPTO:BTC) since January of 2022” has made some take notice.

比特幣的最大主義者Samson Mow以其強勁的看法而聞名，即使自2022年1月以來，“比特幣（Crypto：BTC）的瘋狂270％增加了270％的比特幣（Crypto：BTC），他也沒有阻止以太坊（Crypto：ETH）。

The CEO of JAN3 has been vocal and clear about his thoughts on the ETH price and whether it reflects the real underlying fundamentals of the project, especially with ETH mostly “idling” while Bitcoin continues its run. Both are also dealing with uncertainty from the macroeconomic environment, which makes the discussions surrounding the value of ETH all the more interesting.

Jan3的首席執行官對他對ETH價格的想法以及它是否反映了該項目的真正基本面，尤其是ETH主要是“空閒”的，而比特幣繼續運行，這是否反映了他對ETH價格的想法，這是否反映了他對ETH價格的想法，這是否反映了他的想法。兩者也都在處理宏觀經濟環境中的不確定性，這使得圍繞ETH價值的討論變得更加有趣。

What Happened: Mow’s criticism centers on Ethereum’s supply structure. A massive portion of ETH was premined, leaving 72 million tokens in circulation before public mining even began. This high initial supply, in contrast to Bitcoin’s gradual release through mining, skews the Ethereum valuation, according to Mow.

發生的事情：割草的批評集中在以太坊的供應結構上。 ETH的大部分時間都有成本，在公眾開採開始之前，仍有7200萬個令牌流通。根據MOW的說法，與比特幣通過採礦逐漸釋放相比，這種高初始供應偏向以太坊估值。

“If there were only 21 million ETH, like Bitcoin, then ETH would be worth $9,300 now. But since there are 125 million ETH and 72 million were pre-mined before public mining even began, then the true value of ETH is $2,100,” Mow said in a recent post.

Mow在最近的一篇文章中說：“如果像比特幣一樣只有2100萬ETH，那麼ETH現在價值9,300美元。但是，由於有1.25億ETH和7,200萬美元在公眾開採開始之前已經進行了預定，因此ETH的真實價值為2,100美元。”

The CEO went on to add that the gap between the two leading cryptocurrencies is widening, further bolstering his views on how much ETH misaligns from fundamentals.

首席執行官繼續補充說，兩個領先的加密貨幣之間的差距正在擴大，進一步加強了他對基本原理中的ETH失誤的看法。

“The gap between Bitcoin and altcoins is widening rapidly. As Bitcoin continues its climb, the lack of innovation and misaligned fundamentals in altcoins will become increasingly apparent,” Mow said.

莫夫說：“比特幣和山寨幣之間的差距正在迅速擴大。隨著比特幣的攀升，山寨幣缺乏創新和未對準的基本面將變得越來越明顯。”

External Factor Weighs On ETH

外部因素對ETH的重量

In addition to the criticisms leveled by figures like Samson Mow, a Bitcoin maximalist, on topics like Ethereum’s high initial token supply and the implications for its valuation, external factors are also impacting the ETH price. For instance, due to global trade tensions, ETH dropped to a multi-year low of $1,380 before quickly bouncing back to $1,680 after the U.S. announced a temporary tariff hold. This rapid price movement demonstrates that the broad global economy has a deep impact on ETH prices.

除了諸如比特幣最大化主義者Samson Mow之類的批評之外，對以太坊高的初始令牌供應和對其估值的影響等主題也影響了ETH價格。例如，由於全球貿易緊張局勢，ETH降至1,380美元的多年低點，然後在美國宣布臨時關稅後迅速彈跳至1,680美元。這種快速的價格變動表明，廣泛的全球經濟對ETH價格產生了深遠的影響。

With that in mind, let’s take a look at some price analyses to understand where ETH may be going next.

考慮到這一點，讓我們看一下一些價格分析，以了解接下來的ETH可能會在哪裡。

ETH Price Action Analysis of April 12th, 2025

2025年4月12日的ETH價格行動分析

The market started out powerfully, rising consistently inside an upward channel before reaching its peak at $1,590, as shown on the ETH Price 5-minute chart. Even though that price increase was noteworthy, it didn’t last long because ETH fell back immediately after encountering resistance, indicating that sellers are still defending that level. From there, ETH prices have been moving sideways in the $1,540 to $1,580 range as they continue to battle to break past the barrier level.

市場開始有力，在向上渠道內始終上升，然後達到1,590美元的峰值，如《 ETH Price 5分鐘》圖表所示。儘管價格上漲值得注意，但它並沒有持續很長時間，因為ETH遇到抵抗力後立即倒下，這表明賣家仍在捍衛該水平。從那裡開始，當他們繼續戰鬥以超越障礙水平時，ETH價格一直在$ 1,540到1,580美元之間的側面移動。

Chart , Analyzed by Alokkp0608, published on April 12th, 2025

圖表，由Alokkp0608分析，於2025年4月12日發布

Buyers intervened several times to prevent the price from dropping much lower, and that $1,540 range has served as a stable floor. However, the upward momentum appears to have eased for the time being despite that support.

買家進行了幾次干預，以防止價格下降得多，而1,540美元的範圍已成為穩定的地板。但是，儘管支持了這一支持，但暫時似乎已經緩解了上升的動力。

The RSI indicates powerful but brief bullish bursts because it has repeatedly entered the overbought zone during the session. Prior to the appearance of a golden cross on the MACD, there was a definite oversold dip that caused a respectable bounce. Momentum has been fluctuating ever since, with a succession of death and golden crosses taking place.

RSI表示強大但短暫的看漲爆發，因為它在會議期間反復進入了過多的區域。在MACD上出現金十字架之前，有明確的超售傾角會引起可觀的反彈。從那以後，動力就一直在波動，隨著死亡和金十字架的一系列發生。

With a rising histogram and a new golden cross, MACD is currently once again in favor of the bulls. Although caution is necessary because the RSI is back over 70, the rally may have additional legs if buyers maintain the pressure.

隨著直方圖的上升和新的金十字架，MACD目前再次支持公牛。儘管需要謹慎，因為RSI恢復了70多，但如果買家保持壓力，拉力賽可能會有額外的腿。

Ethereum: A Final Note

以太坊：最終音符

As criticism from figures like Bitcoin maximalist Samson Mow continues, regarding topics like the implications of high initial token supply and how it skews the Ethereum valuation, the current price action suggests positive technical momentum. Recent technical signals are showing potential for Ethereum upside.

隨著比特幣最大主義者Samson Mow等人物的批評仍在繼續，關於諸如高初始令牌供應的含義及其如何偏向以太坊估值的主題，當前的價格行動表明了積極的技術勢頭。最近的技術信號顯示了以太坊上升空間的潛力。

With strong support around $1,540 and a golden cross emerging on the MACD, Ethereum is nearing the breaking point of resistance at $1,590. The price moving sideways recently shows the fight between buyers and sellers, but the bulls are still in control. Even with skepticism around the value of ETH continuing, the outlook remains positive, and if buyers keep pushing for compression on the upside, another test of highs is possible in the future.

以大約1,540美元的支持和MACD上出現的黃金十字架，以太坊的抵抗點接近1,590美元。價格上漲最近顯示了買賣雙方之間的戰鬥，但公牛仍在控制中。即使對ETH繼續持續的價值的懷疑，前景仍然是積極的，如果買家繼續在上升方面推動壓縮，將來可能會進行另一項對高潮的考驗。