隨著網絡活動減慢，以太坊（ETH）價格下降到2020年。

以太坊（Ethereum）是市場價值的第二大加密貨幣，正在經歷粗糙的局面。根據加密貨幣的加密交易者Egyhash的說法

The second-largest cryptocurrency, Ethereum (CRYPTO: ETH), has been struggling lately as network activity slows, putting the cryptocurrency in a difficult position, EgyHash from CryptoQuant noted.

CryptoFunt的Egyhash指出，第二大加密貨幣以太坊（Crypto：ETH）最近一直在掙扎，因為網絡活動會減慢，使加密貨幣處於困難位置。

This comes as Bitcoin (CRYPTO: BTC) has begun to recover, but Ethereum’s performance has fallen to levels last seen in 2020, which could lead to a 91% price crash, the analyst stated.

分析師說，這是因為比特幣（Crypto：BTC）已經開始恢復，但是以太坊的性能已降至2020年的最後水平，這可能導致價格崩潰91％。

According to the analyst, the main problem is the declining network activity. Since the beginning of the year, the number of active addresses has been dropping steadily, leading to lower transaction fees, which are crucial for Ethereum’s value.

根據分析師的說法，主要問題是網絡活動的下降。自今年年初以來，活動地址的數量一直在穩步下降，導致交易費用降低，這對於以太坊的價值至關重要。

This is confirmed by blockchain data, which shows that the average transaction fee and block fee have hit record lows, making Ethereum less profitable for validators and ultimately weakening its ecosystem.

區塊鏈數據證實了這一點，該數據表明，平均交易費用和阻止費用達到了創紀錄的低點，從而使以太坊對驗證者的利潤降低，最終削弱了其生態系統。

As investors grow increasingly uneasy, large investors, or whales, have sold 760,000 ETH—worth about $1.42 billion—in just two weeks, according to Santiment.

根據Santiment的說法，隨著投資者的成長越來越不安，大型投資者或鯨魚已經出售了760,000 ETH（約14.2億美元），在短短兩週內。

This marks a 63.8% decrease in whale activity over the last five weeks, which is a worrying sign. If big investors continue to sell, it could put more downward pressure on Ethereum and lead to a major sell-off.

這標誌著過去五週的鯨魚活動減少了63.8％，這是一個令人擔憂的跡象。如果大型投資者繼續出售，它可能會對以太坊造成更大的向下壓力，並導致重大拋售。

Furthermore, Ethereum’s deflationary mechanism, which burns transaction fees to reduce supply, has weakened due to lower network activity. Since the Dencun upgrade, the burn rate has dropped to its lowest level since Ethereum switched to proof-of-stake.

此外，由於網絡活動降低，以太坊的放流機制燃燒交易費用以減少供應。自Dencun升級以來，自Ethereum切換到股份證明以來，燃燒率已下降到最低水平。

This has increased supply and added inflationary pressure, which could hurt the price even further.

這增加了供應並增加了通貨膨脹壓力，這可能會進一步損害價格。

EgyHash concludes that unless network activity and transaction fees pick up, Ethereum will struggle to maintain its value. If inflation keeps rising faster than demand, the price could stay under pressure for a long time.

Egyhash得出的結論是，除非獲得網絡活動和交易費用，否則以太坊將難以維持其價值。如果通貨膨脹率的增長速度快於需求，那麼價格可能會長期以來一直在壓力下。

Crypto analyst Ali Martinez has raised alarms about a potential Ethereum collapse against Bitcoin. Based on the ETH/BTC chart, Martinez predicts that Ethereum could drop by 91% if a bearish pattern plays out.

加密分析師阿里·馬丁內斯（Ali Martinez）對對比特幣的潛在以太坊崩潰發出了警報。基於ETH/BTC圖表，馬丁內斯預測，如果看跌模式發揮作用，以太坊可能會下降91％。

According to Martinez, when flipped upside down, the chart reveals a double-top pattern, which often signals a major decline. If this pattern holds, ETH/BTC could fall to 0.0020 BTC.

根據馬丁內斯（Martinez）的說法，當顛倒過來時，該圖表顯示出雙頂模式，這通常標誌著大幅下降。如果這種模式成立，則ETH/BTC可能會降至0.0020 BTC。

Right now, Ethereum is trading at 0.02153 BTC ($1,766). A drop to 0.0020 BTC would be devastating for holders.

目前，以太坊的交易價格為0.02153 BTC（1,766美元）。對於持有人來說，下降到0.0020 BTC將是毀滅性的。

However, there is still a chance for a rebound. If Ethereum manages to hold above the $1,800 support level and starts recovering like Bitcoin, it could push past the $1,900 and $1,950 resistance levels.

但是，仍然有機會反彈。如果以太坊設法超過1,800美元的支持水平並開始像比特幣一樣恢復，則可能會超過1,900美元和1,950美元的電阻水平。

Ultimately, Ethereum is at a critical point. Its future will depend on whether network activity improves and investor confidence returns. Until then, the risk of further losses remains high.

最終，以太坊處於關鍵點。它的未來將取決於網絡活動是否改善和投資者的信心回報。在此之前，進一步損失的風險仍然很高。

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