2025 年以太幣 (ETH) 價格預測：ETH ETF 的推出會成為市場推動者嗎？

對於市場上最大的加密資產—比特幣和以太坊來說，2024 年絕對是里程碑式的一年。前者見證了追蹤其價格的交易所交易基金在經過數月不成功的試驗後於今年 1 月獲得了 SEC 的批准，而礦工因驗證區塊而獲得的獎勵也減少了一半。

2024 has been a monumental year for the two largest crypto assets in the market - Bitcoin and Ethereum. While the former saw exchange-traded funds tracking its price receive the green light from the SEC in January after months of failed attempts and the reward received by miners for verifying blocks slashed in half, now, Ethereum is making headlines for its previous exchange-traded fund legality achievement.

對於市場上最大的兩種加密資產—比特幣和以太坊來說，2024 年是具有里程碑意義的一年。雖然前者看到追蹤其價格的交易所交易基金在經過數月的失敗嘗試後於1 月份獲得了美國證券交易委員會(SEC) 的批准，並且礦工驗證區塊所獲得的獎勵也大幅削減了一半，但現在，以太坊因其先前的交易所交易基金而成為頭條新聞。

Major investment firms that have been itching to launch investment vehicles tracking it have received the approval after a well-awaited victory, which is expected to be promising for the asset and push its price on an upward trajectory.

一直渴望推出追蹤該資產的投資工具的主要投資公司在期待已久的勝利後獲得了批准，預計這將為該資產帶來希望，並推動其價格走上上漲軌道。

ETH ETFs are now trading within the U.S. market, although the asset's performance doesn't hint at this recent milestone. However, many crypto market experts and analysts keep their hopes high for a recovery and expansions if you look into the Ethereum price prediction 2025. It's just that the broader view is that Ethereum could meet the raised expectations and be impacted by the launch of the ETF backing after some time.

ETH ETF 目前正在美國市場進行交易，儘管該資產的表現並未暗示這一近期的里程碑。然而，如果你研究一下2025 年以太坊價格預測，許多加密貨幣市場專家和分析師對復甦和擴張抱有很高的希望。推出的影響一段時間後支援。

Market analyst Grzegorz Drozdz highlights that when looking at Ethereum's price, it's important to remember that the debut of Bitcoin ETFs triggered a price decline of around 18% despite the new capital injections.

市場分析師 Grzegorz Drozdz 強調，在觀察以太坊的價格時，重要的是要記住，儘管有新的資本注入，比特幣 ETF 的首次亮相還是引發了約 18% 的價格下跌。

Although price performances have demonstrated a somehow similar pattern, market trends are in support of Ethereum over Bitcoin as the ETF debut approaches. A recently launched report by Kaiko, a leading crypto data provider, exhibited shifting market preferences and an inclination toward Ethereum that could send its price to new peaks, overshadowing the crypto king.

儘管價格表現在某種程度上表現出類似的模式，但隨著 ETF 首次亮相的臨近，市場趨勢支持以太坊而不是比特幣。領先的加密數據提供商 Kaiko 最近發布的一份報告顯示了市場偏好的變化以及對以太坊的傾向，這可能會將其價格推向新的峰值，從而使加密之王黯然失色。

Ethereum could sweat it out, reports show

報告顯示，以太坊可能會出汗

Crypto markets have been highly volatile lately, altering specifically since the American watchdog greenlighted ETH ETFs. Investors exhibited positivity and optimism, and the enormous landscape change in spot trading volumes, options, futures, and perpetual contracts stands as proof.

加密貨幣市場最近一直高度波動，特別是自美國監管機構批准 ETH ETF 以來發生了變化。投資者表現出積極和樂觀，現貨交易量、選擇權、期貨和永續合約的巨大格局變化就是證明。

As suggested by the research, ETH rejoiced over more volatility rewards compared to BTC. This was mostly generated by the boost in address activity and the positive inclination toward Ethereum of the market sentiment. Recent price movement emphasizes this, as the Ethereum to Bitcoin ratio has supported a positive value, standing at 0.05 from the time the funds launched.

正如研究表明，與 BTC 相比，ETH 因波動性更高而感到高興。這主要是由於地址活動的增加和市場情緒對以太坊的積極傾向所致。最近的價格走勢強調了這一點，因為以太坊與比特幣的比率支持正值，自基金推出之日起為 0.05。

The improved ratio posits that Ethereum's price may continue outshining the leader's cost as ETH ETFs continue trading. The journey has just started, so the best way to avoid disappointment is to give the market some time before drawing unshakeable conclusions.

比率的提高表明，隨著 ETH ETF 繼續交易，以太坊的價格可能會繼續超過領先者的成本。旅程才剛開始，因此避免失望的最佳方法是給市場一些時間，然後再得出不可動搖的結論。

ETH ETFs could bring good fortune

ETH ETF 可以帶來好運

Spot Ethereum exchange-traded funds (ETFs) have long been trading in Canada, European countries, and other places, witnessing approval from the SEC to be transacted in the U.S. only recently. Compared to the situation in Canada, when Ethereum ETFs needed only two months to be approved after the triumph of Bitcoin-based ones, the U.S. investment firms had a longer journey to see their conceptualized investment vehicles go live.

現貨以太坊交易所交易基金（ETF）早已在加拿大、歐洲國家等地交易，最近才獲得 SEC 批准在美國進行交易。與加拿大的情況相比，以太坊 ETF 在比特幣 ETF 取得勝利後只需要兩個月就獲得批准，而美國投資公司的概念化投資工具的上線需要更長的時間。

Ethereum ETFs may have been released in 2017, two years after the cryptocurrency's launch, but it wasn't until 2019 and 2020 that Canada and Europe saw the compelling debut of each. Investment tools rose to popularity during the crypto bull market in 2021, and 12 such funds were introduced across Canada, Europe, and Brazil.

以太坊 ETF 可能在 2017 年發布，即該加密貨幣推出兩年後，但直到 2019 年和 2020 年，加拿大和歐洲才引人注目地首次亮相。投資工具在 2021 年的加密貨幣牛市期間大受歡迎，加拿大、歐洲和巴西推出了 12 檔此類基金。

This milestone, accompanied by factors like enhanced market sentiment and the crypto market trends, paved the way for the asset to new price points. For instance, the first ETH ETF launched in Canada started trading in April and saw the crypto's price rise from around $2,300 to an ATH of nearly $4,200 in the subsequent months. Q3 also started on the right foot, as the $2,500 to $4,800 course was smooth. The asset began falling the following year, but the massive spikes registered after ETH ETFs went live emphasized investors' excitement concerning ETH investments surrounding such a milestone.

這一里程碑，加上市場情緒增強和加密貨幣市場趨勢等因素，為該資產達到新的價格點鋪平了道路。例如，加拿大推出的第一個 ETH ETF 於 4 月開始交易，在接下來的幾個月裡，加密貨幣的價格從 2,300 美元左右上漲到近 4,200 美元。第三季也取得了良好的開局，從 2,500 美元到 4,800 美元的過程很順利。該資產在隔年開始下跌，但 ETH ETF 上線後出現的大幅飆升凸顯了投資者對圍繞這一里程碑進行 ETH 投資的興奮。

Ethereum follows Bitcoin's path after ETF greenlighting

以太坊在 ETF 獲準後追隨比特幣的腳步

Now that we're aware of Ethereum's journey in one of its most important years, it's essential to look at Bitcoin's performance amid such times. Bitcoin may have been launched this year in January in the U.S., but it began exploding in March and reached an ATH of over $73,000, registering a 35% rise. Similarly, Bitcoin only commenced its upward trajectory three months after its ETF launch, jumping from around $51,000 to more than $64,000 during the Canadian rally.

既然我們已經了解了以太坊在其最重要的年份之一的歷程，那麼有必要關注比特幣在這段時期的表現。比特幣可能會在今年 1 月在美國推出，但從 3 月開始爆發，最高價格達到 73,000 美元以上，漲幅達 35%。同樣，比特幣在 ETF 推出三個月後才開始上漲，在加拿大股市上漲期間從 51,000 美元左右躍升至 64,000 美元以上。

After ETFs entered European markets, Bitcoin needed less than six months to breach the $68,000 level. All being well, Ethereum could follow the same pattern as Bitcoin and Bitcoin did after their ETF launches in Canada and Europe, meeting the expectations of many users and experts. So far, it has already improved by 51% since the year's commencement

ETF 進入歐洲市場後，比特幣花了不到六個月的時間就突破了 68,000 美元的水平。如果一切順利，以太坊可以遵循與比特幣相同的模式，在加拿大和歐洲推出 ETF 後，比特幣也可以遵循相同的模式，滿足許多用戶和專家的期望。到目前為止，自年初以來已經改善了 51%