以太坊（ETH）價格在2025年波動，導致一些商人和投資者擔心其未來。

以太坊（ETH）的價格在2025年波動，導致一些商人和投資者擔心其未來。價格下降了幾乎一半

The price of Ethereum (ETH) has fluctuated significantly in 2025, causing some traders and investors to become concerned about its future. The token has dropped by nearly half from its YTD highs of around $3,635 to hit lows of $1,910.67. Many are wondering if the token will ever breach the $4,000 resistance and a new high of around $5,000.

以太坊（ETH）的價格在2025年顯著波動，導致一些商人和投資者關注其未來。該代幣的YTD高點降低了近一半，大約3,635美元，達到1,910.67美元。許多人想知道，令牌是否會違反4,000美元的電阻和大約5,000美元的新高點。

Many eyes are also on the upcoming Pectra upgrade and whether it can trigger an increase in the price of Ethereum.

許多眼睛也在即將到來的Pectra升級上，以及它是否可以引發以太坊價格上漲。

However, first, let's take a look at the rocky start that Ethereum had to 2025.

但是，首先，讓我們看看以太坊必須到2025年的岩石起步。

What happened to the price of Ethereum in 2025?

2025年以太坊的價格發生了什麼？

So far, 2025 has been a rough year for Ethereum. At the end of January, Ethereum was trading at $3,267.90 per an earlier ETH price analysis as the forecast for January’s push to $4,000 failed.

到目前為止，2025年對於以太坊來說是艱難的一年。在1月底，以太坊的交易價格為每次ETH價格分析的3,267.90美元，因為一月份將其推向4,000美元的預測失敗了。

Unfortunately, it dropped to around $1,910.67 by mid-March. This large drop in just a few weeks has seen several large investors sell off, as seen in Ethereum ETF outflows.

不幸的是，到3月中旬，它跌至1,910.67美元左右。正如以太坊ETF流出所示，短短幾週內這種大筆跌幅就看到了幾個大型投資者。

While Ethereum still has high growth potential for the future, the short-term price movement of the token has been seen as unpredictable. The delay in key upgrades, like the Pectra update, has also made things harder for Ethereum.

儘管以太坊仍然具有未來的高增長潛力，但代幣的短期價格轉移被認為是不可預測的。像Pectra更新一樣，關鍵升級的延遲也使以太坊變得更加困難。

As of press time, CoinMarketCap data shows that Ethereum’s price was trading at $1,931.64 and has seen an over 1% decline in the last 24 hours.

截至發稿時，CoinMarketCap數據顯示，以太坊的價格為1,931.64美元，在過去24小時內下降了1％以上。

Still, ETH remains the second largest cryptocurrency globally, with a Market capitalization of $233.12 billion.

儘管如此，ETH仍然是全球第二大加密貨幣，市值為231.2億美元。

With the price drawdowns conditional, the question now becomes what its prospects for growth are in the short term.

由於價格下降的條件下降，問題現在變成了其長期增長的前景。

Will the Pectra upgrade boost Ethereum price?

Pectra升級會提高以太坊的價格嗎？

The Pectra upgrade, which was announced by Vitalik Buterin, is designed to make Ethereum faster and more efficient. It combines two key updates, Prague and Electra, which are designed to improve Ethereum’s performance, especially regarding scalability and staking.

Vitalik Buterin宣布的Pectra升級旨在使以太坊更快，更高效。它結合了兩個關鍵更新，即布拉格和伊萊克特拉，旨在提高以太坊的性能，尤其是在可伸縮性和靜止方面。

The mainnet launch for Pectra was expected to happen in early April, but the circumstances surrounding its testing are uncertain. This is because the Sepolia and Holesky testnets encountered configuration issues.

預計Pectra的主網發射將在4月初進行，但圍繞其測試的情況尚不確定。這是因為Sepolia和Holesky Testnets遇到了配置問題。

This testnet hiccup fueled the latest Ethereum price drawdown as community sentiments dropped. However, ETH developers have stepped up to create a fix. They are set to launch the “Hoodi” testnet by Monday, March 17, which will help redirect the testing of key Pectra upgrade features.

隨著社區情緒下降，這款測試網絡助長了最新的以太坊價格下降。但是，ETH開發人員已加緊創建修復程序。他們將在3月17日星期一之前啟動“ Hoodi”測試網絡，這將有助於重定向pectra升級功能的測試。

If all goes well, the mainnet launch could take place between April and May 2025. Many Ethereum proponents believe the success of Pectra might serve as a primary catalyst for the Ethereum price boom to $5,000.

如果一切順利，主網發布可能會在4月至2025年5月之間進行。許多以太坊的支持者認為，Pectra的成功可能是以太坊價格繁榮的主要催化劑，至5,000美元。

What's next for Ethereum ETF?

以太坊ETF的下一步是什麼？

Another factor that could influence ETH’s price outlook is the launch of Ethereum ETFs. While Bitcoin ETFs have become increasingly popular, Ethereum ETFs are lagging behind in terms of sustained capital flow.

可能影響ETH價格前景的另一個因素是以太坊ETF的推出。儘管比特幣ETF變得越來越流行，但以太坊ETF在持續資本流動方面落後。

Data from SoSoValue shows that Ethereum ETFs lost over $143 million in assets this week. This is a large outflow compared to last week when they recorded $119 million in outflows.

Sosovalue的數據表明，本週以太坊ETF損失了超過1.43億美元的資產。與上週錄製了1.19億美元的流出相比，這是一個很大的流出。

Although the broader market sentiment is impacting this shift, when the stock market gains revival, the ETF market and by extension Ethereum price may gain momentum.

儘管更廣泛的市場情緒正在影響這一轉變，但是當股市獲得複興，ETF市場和擴展以太坊價格時，以太價格可能會增長動力。