以太坊（ETH）價格預測2025：炒作是否消失了？

2025年4月，以太坊（ETH）被譽為分散申請的未來，其交易價格約為1637美元，與2021年初的價格相同。

In April 2025, Ethereum (ETH) is trading at around $1,637, the same price it held in early 2021. After reaching highs of over $4,800 during the 2021 bull run, the second-largest cryptocurrency by market cap has seemingly come full circle.

2025年4月，以太坊（ETH）的交易價格約為1,637美元，其價格與2021年初的價格相同。在2021年公牛運行期間達到超過4,800美元之後，市值的第二大加密貨幣似乎是全圈。

This stagnation, which is visible in the long-term chart from CoinMarketCap, raises a difficult question in the crypto space: has Ethereum lost its momentum?

在CoinMarketCap的長期圖表中可以看到這種停滯，在加密貨幣領域提出了一個棘手的問題：以太坊是否失去了動力？

This closely mirrors Ethereum’s value in early 2021, before its explosive rally began. Despite upgrades like The Merge, which transitioned Ethereum to proof-of-stake in 2022, and an expanding DeFi/NFT ecosystem, the price today doesn't reflect the perceived technological progress.

這密切反映了以太坊在2021年初的爆炸性集會開始之前的價值。儘管像Merge這樣的升級，該升級將以太坊轉變為2022年的股份證明，並且不斷擴大，但當今的價格並不能反映出所感知的技術進步。

This discrepancy has left investors and analysts split between long-term faith in the blockchain’s potential and short-term disillusionment with the lack of substantial price appreciation despite the hype.

這種差異使投資者和分析師在對區塊鏈潛力和短期幻滅的長期信仰之間分歧，儘管炒作了，但由於炒作而缺乏大量的價格升值。

Is Ethereum Losing Its Power?

以太坊會失去力量嗎？

According to a Bloomberg analysis from March 2025, institutional interest in Ethereum has dropped significantly since 2023, with many asset managers favoring faster, cheaper layer-1 alternatives like Solana and Avalanche.

根據2025年3月的彭博社分析，自2023年以來，對以太坊的機構興趣已大大下降，許多資產經理都讚成更快，更便宜，更便宜的層替代品（如Solana和Avalanche）。

Even the once-thriving NFT sector, largely powered by Ethereum, has seen a decline in trading volume by over 60% year-over-year, as revealed by the DappRadar Q1 2025 Report.

正如Dappradar Q1 2025年的報告所示，即使是以太坊的主要驅動的NFT領域，交易量的同比下降了60％以上。

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Meanwhile, CoinDesk reported in February 2025 that Ethereum’s network usage has plateaued, with gas fees declining not due to efficiency, but due to lower demand.

同時，Coindesk在2025年2月報導說，以太坊的網絡使用率已經平穩，汽油費下降不是由於效率，而是由於需求降低。

This aligns with Buterin's assertions about Ethereum facing “a challenge of identity” — balancing scalability, decentralization, and usability without alienating developers and users.

這與Buterin關於以太坊面臨的主張相吻合，即面臨“身份的挑戰” - 平衡可擴展性，權力下放和可用性，而無需疏遠開發人員和用戶。

The crypto heatmap today is a far cry from the bull run, with Bitcoin hovering around $39,000 and major altcoins like BNB, XRP, and Cardano struggling to maintain their 2024 gains.

今天的加密熱圖與公牛奔跑相去甚遠，比特幣徘徊在39,000美元左右，而BNB，XRP和Cardano等主要山寨幣則努力維持其2024年的增長。

The macroeconomic environment, stricter U.S. regulations, and shifting retail sentiment have all contributed to a cooling of crypto enthusiasm.

宏觀經濟環境，更嚴格的美國法規和不斷變化的零售情緒都導致了加密熱情的冷卻。

This contrasts sharply with the exponential growth in both user activity and developer contributions to the Ethereum ecosystem, as highlighted by a recent Messari report.

正如最近的Messari報告所強調的那樣，這與用戶活動和開發人員對以太坊生態系統的貢獻的指數增長形成鮮明對比。

The report also notes a sevenfold increase in liquid Ether held by DeFi protocols, demonstrating the potential for internal growth despite external challenges. However, the question remains: will this be enough to reignite Ethereum’s price and help it break free from the $1,600 barrier? Only time will tell as the blockchain continues to evolve and adapt in an ever-changing crypto landscape.output: handles the internal and external pressure with a balance that will determine its enduring legacy in the years to come.

該報告還指出，Defi協議持有的液體醚增加了七倍，表明儘管有外部挑戰，內部增長的可能性。但是，問題仍然存在：這足以重新點燃以太坊的價格並幫助它擺脫1,600美元的障礙？當區塊鏈繼續在不斷變化的加密景觀中發展和適應時，只有時間會說明。

As Buterin himself noted in a recent blog post, Ethereum faces “a challenge of identity” — balancing scalability, decentralization, and usability without alienating developers and users.

正如Buterin本人在最近的一篇博客文章中所指出的那樣，以太坊面臨著“身份的挑戰” - 平衡可擴展性，權力下放和可用性，而無需疏遠開發人員和用戶。

This aligns with the observations of economists who have pointed out that while blockchain technology offers groundbreaking potential, its broad adoption will depend on its ability to meet diverse user needs and integrate seamlessly with existing economic systems.

這與經濟學家的觀察結果保持一致，他們指出，儘管區塊鏈技術具有開創性的潛力，但其廣泛的採用將取決於其滿足不同用戶需求並與現有經濟系統無縫集成的能力。