以太坊（ETH）價格分析：隨著公牛難以建立動力，強大的恢復攤位的抵抗力為$ 1600

以太坊本週看到了一次有力的恢復，從1,380美元的低點反彈，在數小時內飆升了21％以上。宏觀情緒的暫時轉變為集會所推動

The price of Ethereum (ETH) saw a strong recovery this week, rebounding sharply from a $1,380 low and surging over 21% within hours. The rally was fueled by a temporary shift in macro sentiment following US President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, which remains under a 125% tariff.

以太坊（ETH）的價格本週的恢復強勁，從1,380美元的低點反彈，在幾個小時內飆升了21％以上。在美國總統唐納德·特朗普（Donald Trump）宣布對除中國以外的所有國家的相互關稅暫停90天，宏觀情緒的暫時轉變促成了集會。

The news sparked a relief rally across financial markets, with Ethereum leading the bounce in the crypto sector. However, despite the strong move, ETH is still below key technical levels, and price action is showing signs of consolidation as bulls attempt to build momentum.

這一消息引發了整個金融市場的浮雕，以太坊引發了加密貨幣領域的反彈。但是，儘管採取了強勁的行動，ETH仍低於關鍵技術水平，而價格動作仍顯示出合併的跡象，因為公牛試圖建立動力。

Meanwhile, the broader altcoin market continues to struggle, with sector-wide weakness putting pressure on investor confidence. According to data from Glassnode, all major altcoin sectors have experienced sharp declines in recent months. The correction has been broad-based and highly correlated, offering little in terms of idiosyncratic performance. Even Bitcoin (BTC) and Ethereum—typically seen as the most resilient assets in crypto—have posted negative returns over the same period.

同時，更廣泛的山寨幣市場繼續掙扎，整個部門的疲軟給投資者的信心帶來了壓力。根據GlassNode的數據，最近幾個月，所有主要的Altcoin部門都在急劇下降。該校正基於廣泛，高度相關，在特質性能方面幾乎沒有提供。甚至比特幣（BTC）和以太坊（通常被視為加密貨幣中最有彈性的資產）也在同一時期發出了負回報。

As Ethereum enters a consolidation phase, traders are watching closely to see whether this bounce marks the beginning of a sustained recovery or just another short-lived reaction in a broader downtrend.

當以太坊進入合併階段時，交易者正在密切關注，以查看這種反彈是持續恢復的開始還是在更廣泛的下降趨勢中只是另一種短暫的反應。

Ethereum Crucial Test As Macroeconomic Headwinds Linger

以太坊至關重要的測試，因為宏觀經濟逆風持續

Ethereum is once again at a pivotal point in the market, following weeks of intense selling pressure and uncertainty. After plunging to fresh lows, ETH bulls are finally stepping in, attempting to reclaim key levels following a strong bounce from the $1,380 mark.

經過數週的巨大銷售壓力和不確定性，以太坊再次處於市場上的關鍵點。跌至新鮮的低點之後，Eth Bulls終於介入，試圖在1,380美元的強勁反彈之後恢復關鍵水平。

The move comes amid heightened volatility across global markets—not just in crypto, but in equities as well—as fears of a global recession and extended trade disputes between the U.S. and China continue to rattle investor sentiment.

這一舉動是由於對全球市場的波動不僅在加密貨幣中，而且在股票中也提高了，因此人們擔心全球經濟衰退和美國與中國之間的貿易糾紛繼續浪費了投資者的情緒。

Despite the bounce, Ethereum remains in fragile territory. The market is clearly divided: some investors see this rebound as the beginning of a recovery, while others caution it could be just a temporary pause in a deeper correction.

儘管反彈，以太坊仍在脆弱的領土上。市場明顯分歧：一些投資者將這種反彈視為恢復的開始，而另一些投資者則警告一下，這可能只是更深入的糾正措施。

The macroeconomic environment remains hostile, with U.S. tariffs still posing a major risk to both traditional and digital assets. Earlier this week, the Trump administration announced a 90-day deferral of new tariffs on some goods from China, a move that was largely expected by economists and traders.

宏觀經濟環境仍然是敵對的，美國關稅仍然對傳統和數字資產構成主要風險。本週早些時候，特朗普政府宣布對來自中國的某些商品的新稅率為期90天，這一舉動在很大程度上是經濟學家和商人期望的。

However, the administration also said it would be placing a 125% tariff on Chinese-made goods, a move that could have a significant impact on the global economy. The tariffs are part of a broader trade dispute between the two countries, which began in early 2018.

但是，政府還表示，將對中國製造的商品徵收125％的關稅，這一舉動可能會對全球經濟產生重大影響。關稅是兩國之間更廣泛的貿易爭端的一部分，該貿易始於2018年初。

The trade dispute has been a major source of uncertainty for investors throughout the year, and any escalation could have far-reaching consequences for financial markets. In the meantime, investors will be watching closely to see how the macroeconomic landscape evolves in the coming months.

貿易糾紛是全年投資者的主要不確定性來源，任何升級都可能對金融市場產生深遠的影響。同時，投資者將密切關注，以了解未來幾個月宏觀經濟景觀的發展。

Glassnode Data Highlights Dire State Of Altcoins In 2020

玻璃節數據突出顯示了2020年的替代幣狀態

According to data from blockchain analytics firm Glassnode, all major altcoin sectors have moved sharply lower in recent months, with most tokens now trading at 2020 lows. The correction has been broad-based and highly correlated, offering little in terms of idiosyncratic performance.

根據區塊鏈分析公司GlassNode的數據，最近幾個月，所有主要的Altcoin部門的變化都大大降低，現在大多數令牌的交易價格都達到2020個低點。該校正基於廣泛，高度相關，在特質性能方面幾乎沒有提供。

Even Bitcoin and Ethereum—typically viewed as the strongest assets in crypto—have posted negative returns in the same period, a stark contrast to the stellar gains they realized in 2019.

即使是比特幣和以太坊（通常被視為加密貨幣中最強大的資產），在同一時期的負面回報，與他們在2019年意識到的出色收益形成了鮮明的對比。

As the broader altcoin market continues to struggle, sector-wide weakness could put pressure on investor confidence. Most altcoins have bled out nearly all of the gains they made during the 2019 bull run, plunging to levels last seen in early 2019.

隨著更廣泛的山寨幣市場繼續掙扎，整個部門的弱點可能會給投資者的信心帶來壓力。大多數Altcoins在2019年公牛奔跑中幾乎取得了幾乎所有的收益，跌至2019年初的最後水平。

The weakness across the altcoin sector is in stark contrast to the performance of Bitcoin, which has managed to hold up better than most other crypto assets. Bitcoin is currently down about 40% from its 2019 highs, while most altcoins have plunged by 60% or more from their peaks.

整個Altcoin行業的弱點與比特幣的表現形成鮮明對比，比特幣的表現比大多數其他加密資產都更好。比特幣目前比其2019年高點下降了約40％，而大多數山寨幣的峰值下降了60％或更多。

The weakness in the altcoin sector is likely due to a number of factors, including the ongoing macroeconomic uncertainty, the U.S. trade disputes with China, and the broader weakness in risk assets.

Altcoin部門的弱點可能是由於許多因素，包括持續的宏觀經濟不確定性，與中國的貿易糾紛以及風險資產的更廣泛弱點。

Investors appear to be rotating out of riskier assets and into safer havens such as U.S. Treasury bonds. This shift in investor preference has put pressure on altcoins, which are typically seen as a riskier asset class than Bitcoin or U.S. Treasury bonds.

投資者似乎正在從風險較高的資產中旋轉，並進入美國國庫券等更安全的避風港。投資者偏愛的這種轉變給山寨幣施加了壓力，而山寨幣通常被視為比比特幣或美國國庫券更風險的資產類別。

The weakness in the altcoin sector could continue in the near term as long as macroeconomic uncertainty persists and investors remain wary of risky assets. However, if there are signs of stabilization in the global economy and a resolution to the U.S.-China trade disputes, then we could see a reversal of this trend.

只要宏觀經濟不確定性持續下去，並且投資者仍然對風險資產保持警惕，替補幣部門的弱點就可以在短期內持續下去。但是，如果全球經濟存在穩定的跡象，並解決了美國 - 中國貿易糾紛的決議，那麼我們可以看到這種趨勢的逆轉。

A sustained period of positive macroeconomic news could spark a strong rally in the altcoin sector as investors become more interested in risky assets again.

隨著投資者再次對風險資產的興趣，持續的宏觀經濟新聞持續一段時期可能會引發Altcoin行業的強烈集會。