以太坊（ETH）價格下跌使2020年3月墜機事故的幽靈復興

因此，當資產顯示與過去崩潰的令人不安的相似之處時，分析師會保持警惕。以太坊是市場上第二大加密貨幣，正在看到其價格下跌

The financial markets have their own memory, and cryptocurrencies are no exception. Thus, when an asset shows troubling similarities to a past crash, analysts are put on alert. Ethereum (ETH), the second largest crypto on the market, is seeing its price plunge, which revives the specter of the March 2020 crash. Trader Ted Pillows claims that the current market behavior of ETH almost exactly mirrors the capitulation of that dark period, suggesting a scenario where the asset could drop to as low as 1400 dollars.

金融市場有自己的記憶，加密貨幣也不例外。因此，當資產顯示與過去崩潰的令人不安的相似之處時，分析師會保持警惕。市場上第二大加密貨幣（ETH）正在看到其價格下跌，這使2020年3月墜機事故的幽靈恢復了。 Trader Ted Pillows聲稱，ETH的當前市場行為幾乎完全反映了該黑暗時期的投降，這表明資產可能會降至1400美元的情況。

This alert is given by a trader and analyst followed by many investors. In a message posted on X (formerly Twitter) on March 2, 2025, he states that “the current capitulation candle of ETH is a nearly identical copy of the March 2020 crash.” He specifies that a floor between 1400 and 1600 dollars is conceivable before any possible rebound.

該警報是由交易員和分析師發出的，其次是許多投資者。在2025年3月2日（以前是Twitter）上發布的一條消息中，他指出：“ ETH當前的投降蠟燭是2020年3月墜機事件的幾乎相同的副本。”他指出，在任何可能的反彈之前，都可以想像1400至1600美元之間的地板。

This parallel is not trivial. In March 2020, Ethereum, like the entire crypto market, experienced a brutal collapse amid a backdrop of global financial panic. Pillows’ observation is based on a technical analysis of charts: the same liquidation patterns are observed, suggesting an unfinished bearish dynamic. If the comparison holds, a new phase of decline could shake the market in the coming days or weeks.

這個平行並不小。 2020年3月，與整個加密貨幣市場一樣，以太坊在全球金融恐慌的背景下經歷了殘酷的崩潰。枕頭的觀察基於圖表的技術分析：觀察到相同的清算模式，表明未完成的看跌動態。如果比較得以實現，那麼在未來幾天或幾週內，新的下降階段可能會動搖市場。

This scenario contrasts with optimistic predictions that see ETH bouncing back to 3000 dollars, a level it briefly touched in early February before encountering strong selling pressure. However, this anticipated drop could take the asset back to critical price points last seen during the 2020 bear market.

這種情況與樂觀的預測形成鮮明對比的是，ETH彈跳回到3000美元，這是2月初短暫觸及的水平，然後遇到了強大的銷售壓力。但是，預期的下降可能會使資產恢復到2020年熊市中最後一次出現的關鍵價格點。

Despite this pessimistic short-term scenario, Ted Pillows shows a certain optimism about Ethereum’s long-term trajectory. He highlights that “ETH will reach 10,000 dollars during this cycle,” which would represent a 530% increase from its current price of around 1880 dollars.

儘管這種悲觀的短期情景，泰德枕頭對以太坊的長期軌跡表現出了一定的樂觀情緒。他強調說，“ ETH將在此週期中達到10,000美元”，這將比目前的1880美元左右增加530％。

However, this bullish forecast relies solely on technical indicators and does not take into account fundamental elements that could weigh on the asset’s valuation. Indeed, Ethereum is currently facing massive outflows from ETH ETFs, amounting to 22 million dollars. The iShares Ethereum Trust from BlackRock (NYSE:BLK), which was supposed to be a growth catalyst, is paradoxically one of the hardest hit.

但是，這種看漲的預測僅依賴於技術指標，並且沒有考慮可能權衡資產估值的基本要素。確實，以太坊目前正面臨ETH ETF的大量外流，總計2200萬美元。本來應該是生長催化劑的貝萊德（NYSE：BLK）的iShares以太坊信任是矛盾的是，這是受歡迎的受損之一。

Recent decisions by the Ethereum Foundation, such as the overhaul of its governing structures and its increased reliance on DeFi protocols like Aave (CRYPTO:AAVE), indicate an attempt at strategic repositioning. However, will these internal adjustments be enough to reassure investors as competing blockchains continue to gain ground?

以太坊基金會的最新決定，例如對其管理結構的大修及其對諸如AAVE（加密：AAVE）之類的DEFI協議的依賴，這表明試圖進行戰略性重新定位。但是，隨著競爭區塊鏈的繼續取力，這些內部調整是否足以使投資者放心？

Ethereum is currently walking a tightrope in the crypto market. On one side, technical analysis points to a risk of decline, which could bring ETH back to critical levels. On the other side, optimistic predictions see this drop as a simple step before a rebound to new highs.

以太坊目前正在加密貨幣市場上行走。一方面，技術分析表明有下降的風險，這可能會使ETH重新恢復到關鍵水平。另一方面，樂觀的預測將這一下降視為一個簡單的步驟，然後反彈到新的高點。

The central question remains Ethereum’s ability to overcome selling pressure and enhance its attractiveness against competition. Such a dynamic from ETFs, the strategic choices of the foundation, and the overall market sentiment will be key elements in determining whether this anticipated drop marks the end of a bull cycle or the last opportunity to buy before a historic surge.

中心問題仍然是以太坊克服銷售壓力並增強其對競爭的吸引力的能力。 ETF的這種動態，基金會的戰略選擇以及整體市場情緒將是確定這種預期的下降是否標誌著牛週期的終結還是在歷史激增之前購買的最後機會。