以太坊（ETH）價格難以從第1季度2025年恢復

以太坊是市場資本化的第二大加密貨幣，在2025年4月上旬繼續與價格恢復鬥爭。

Ethereum price showed little recovery in early April as the cryptocurrency struggled to break out of bearish territory.

以太坊價格在4月初幾乎沒有恢復，因為加密貨幣努力闖入看跌領土。

ETH traded at around $1,589 on Sunday. The token had shown modest gains of nearly 3% in the past 24 hours.

ETH週日的交易價格約為1,589美元。在過去的24小時內，令牌顯示出近3％的幅度。

But the cryptocurrency remained firmly in the red for the year so far. It also clocked one of its worst quarterly performances since 2016 in Q1.

但是，到目前為止，加密貨幣一直牢固地處於紅色狀態。它還為自2016年第1季度以來最糟糕的季度表演之一。

Ethereum Down 45% in Brutal First Quarter

一季度殘酷的以太坊下跌45％

The second-largest cryptocurrency lost nearly 45% of its value in the three months to March 31. This decline also resulted in a staggering $170 billion reduction in market capitalization.

在截至3月31日的三個月中，第二大加密貨幣損失了近45％的價值。這一下降也導致市值減少了1700億美元。

Recent price action showed that ETH failed to recover above the $1,700 level and subsequently dropped below $1,550. On April 7, the token briefly fell below the crucial $1,500 support level, reaching a low of $1,410 - its lowest point since late 2023.

最近的價格行動表明，ETH未能恢復高於1,700美元的水平，隨後降至1,550美元以下。 4月7日，代幣短暫低於至關重要的1,500美元支持水平，低於1,410美元，這是自2023年底以來的最低點。

The price has since rebounded slightly, climbing above the $1,550 level. However, ETH is now trading below both the $1,620 zone and the 100-hourly Simple Moving Average, indicating persistent bearish pressure.

此後，價格略有反彈，攀升至1,550美元以上。但是，ETH現在的交易價格低於1,620美元的區域和100小時簡單的移動平均線，表明持續的看跌壓力。

According to technical analysis, a connecting bearish trend line with resistance stands at $1,615 on the hourly chart. The currency faces significant hurdles in the vicinity of this level, with additional resistance situated around $1,660.

根據技術分析，每小時圖表上，與阻力連接的趨勢線與阻力為1,615美元。該貨幣在該級別附近面臨重大障礙，額外的阻力約為1,660美元。

The first major resistance is at $1,720. A successful break above this level could propel ETH toward $1,820 or potentially $1,880 if momentum builds.

第一個主要阻力為1,720美元。超過此水平的成功中斷可能會推動ETH的$ 1,820，或者如果動量建立，則可能會推動ETH的1,880美元。

Further market activity showed that trading volume soared to $40.88 billion in the last 24 hours, indicating increased volatility. This represents a 38.34% rise.

進一步的市場活動表明，在過去24小時內，交易量飆升至408.8億美元，這表明波動性的增加。這代表增長38.34％。

The volume accounts for about 22.11% of the total cryptocurrency market cap and suggests heightened trader activity amid uncertain market conditions.

該銷量約佔加密貨幣市值總數的22.11％，並在市場條件下表明交易者活動增加。

Ethereum's current market cap is $191.81 billion, with a circulating supply of 120.67 million ETH. Unlike Bitcoin, Ethereum does not have a maximum supply cap, which introduces an inflationary element that may affect long-term price expectations despite recent economic modifications to the token.

以太坊目前的市值為1.9181億美元，循環供應量為1.2067億。與比特幣不同，以太坊沒有最大的供應上限，這引入了一種通貨膨脹因素，儘管最近對代幣進行了經濟修改，但可能會影響長期價格期望。

The recent market downturn coincided with broader turbulence that resulted in nearly $890 million in crypto liquidations in a single day. Asian share markets were among the biggest losers during this period, highlighting the increasing correlation between traditional financial markets and cryptocurrencies.

最近的市場低迷與更廣泛的動盪相吻合，一日導致了近8.9億美元的加密貨幣清算。在此期間，亞洲股票市場是最大的失敗者之一，強調了傳統金融市場與加密貨幣之間的不斷增長。

Pectra Upgrade Offers Hope Amid Challenges

Pectra升級在挑戰中提供希望

On the other hand, Ethereum developers have scheduled the Pectra upgrade for May 7. This will be the most significant update to the blockchain since March 2024 and could attract renewed interest in the Ethereum ecosystem.

另一方面，以太坊開發人員已安排了5月7日的Pectra升級。這將是自​​2024年3月以來對區塊鏈的最重要更新，並可能引起對以太坊生態系統的新興趣。

The upgrade comprises 11 improvements across three key areas: staking experience enhancement, wallet feature additions, and network infrastructure upgrades. One notable change will allow staking of up to 2,048 ETH, providing relief to users currently restricted to 32 ETH per validator.

升級包括在三個關鍵領域進行的11項改進：Staking Experience增強，錢包功能添加和網絡基礎架構升級。一個值得注意的更改將使高達2,048的ETH佔有，從而為目前限制為每個驗證器的32個ETH的用戶提供緩解。

Ethereum achieved an impressive milestone in March by overtaking other trading pairs to claim the top position in DEX trading volume for the first time since September 2024. Decentralized exchanges on Ethereum traded $64 billion in spot volume, outperforming both Solana and BSC.

以太坊在3月實現了令人印象深刻的里程碑，即超過其他交易對以自2024年9月以來首次奪取DEX交易量的最高職位。以太坊上的分散交易所交易的現貨量為640億美元，超過了Solana和BSC。

The network currently hosts about $124.5 billion in stablecoins and $49 billion in DeFi value, maintaining its leadership despite price volatility. These figures indicate continued usage of the Ethereum ecosystem regardless of price fluctuations.

該網絡目前擁有約1,245億美元的穩定幣和490億美元的Defi價值，儘管價格波動，但仍保持領導能力。這些數字表明，無論價格波動如何，以太坊生態系統的繼續使用。

However, institutional interest has waned in recent weeks, with Ethereum ETFs experiencing withdrawals of $403 million in March alone. This cautious approach likely reflects broader uncertainty about Ethereum's near-term prospects.

但是，最近幾週的機構利益已經減弱，僅3月，以太坊ETF就會撤回4.03億美元。這種謹慎的方法可能反映了以太坊的近期前景的更廣泛的不確定性。

Standard Chartered analysts have revised their year-end ETH price forecast downward from $10,000 to $4,000. They attribute this adjustment to competition from Ethereum's layer-2 scaling solutions, which have attracted users seeking lower transaction fees.

標準特許分析師已將其年終ETH價格預測從10,000美元下降到4,000美元。他們將這種調整歸因於以太坊2層縮放解決方案的競爭，這些解決方案吸引了尋求較低交易費用的用戶。

If the $1,500 support level holds, Ethereum could potentially push toward the psychological barrier of $2,000. Some analysts suggest the token could reach as high as $2,200 within weeks if market sentiment improves.

如果$ 1,500的支持水平成立，以太坊可能會推向2,000美元的心理障礙。一些分析師認為，如果市場情緒改善，則令牌可能會在幾週內高達2200美元。

Conversely, continued bearish pressure could drive ETH down to test support at $1,400 or potentially fall further toward $1,000. The nearest resistance levels are at $1,850 and $1,920, with a break above the latter potentially triggering a rally toward $2,000.

相反，持續的看跌壓力可能會推動ETH以1,400美元的價格測試支持，或者可能進一步降至1,000美元。最近的電阻水平為$ 1,850和1,920美元，超過後者的突破可能會觸發集會至2,000美元。

Looking ahead, Ethereum's long-term potential remains substantial despite current challenges. The network continues to lead in real-world asset tokenization, controlling 54% of the market with $5 billion in tokenized assets

展望未來，儘管目前面臨挑戰，以太坊的長期潛力仍然很大。該網絡繼續領先於現實世界中的資產令牌，以50億美元的標記資產控制54％的市場