特朗普宣布對中國關稅停頓後，以太坊（ETH）價格飆升21％

以太坊在周三強大的反彈使市場感到驚訝，比最近的1,380美元的低點飆升了21％以上。

U.S. President Donald Trump announced on Wednesday a 90-day pause on reciprocal tariffs for all countries except China, and this development has brought some optimism to global markets.

美國總統唐納德·特朗普（Donald Trump）週三宣布，除了中國以外的所有國家，所有國家的相互關稅暫停了90天，這一發展給全球市場帶來了一些樂觀。

Following this announcement, several risk assets saw a strong recovery, especially in the cryptocurrency domain. Among the top gainers is Ethereum (CRYPTO: ETH), which surged more than 21% from its recent low of $1,380.

在此公告之後，一些風險資產的恢復強勁，尤其是在加密貨幣領域。最高獲利者中有以太坊（Crypto：ETH），該元素飆升了其最近的1,380美元的低點超過21％。

Announced earlier this week, Trump’s decision to halt new tariffs for 90 days will affect all countries except China, which is still subject to a 145% tariff on $250 billion worth of goods. This move comes amid escalating trade tensions between the US and other nations, particularly China, which has led to increased tariffs on various products.

特朗普在本週早些時候宣布，決定停止新關稅90天的決定將影響除中國以外的所有國家，而中國除外，這仍然對價值2500億美元的商品徵收145％的關稅。這一舉動是由於美國與其他國家（尤其是中國）之間的貿易緊張局勢升級，這導致了各種產品的關稅。

The Trump administration has been using tariffs as a tool to try and renegotiate trade deals that it believes are unfair to the U.S. However, these tariffs have had a significant impact on businesses and consumers around the world.

特朗普政府一直在使用關稅來嘗試並重新談判它認為對美國不公平的交易，但是這些關稅對世界各地的企業和消費者產生了重大影響。

In the past few months, the Trump administration has imposed tariffs on $300 billion worth of Chinese goods, and China has retaliated with tariffs on $110 billion worth of U.S. goods. These tariffs have covered a wide range of products, including food, textiles, and machinery.

在過去的幾個月中，特朗普政府對價值3000億美元的中國商品徵收關稅，中國對價值1,100億美元的美國商品的關稅進行了報復。這些關稅涵蓋了各種產品，包括食品，紡織品和機械。

The Trump administration has also been critical of the European Union’s trade practices, and has threatened to impose tariffs on cars and other goods imported from the EU.

特朗普政府還批評了歐盟的貿易行為，並威脅要對從歐盟進口的汽車和其他商品徵收關稅。

Despite the recent move to pause new tariffs, it remains to be seen whether the Trump administration will be able to reach a trade agreement with China or other countries before the 90-day period expires.

儘管最近暫停了新的關稅，但特朗普政府是否能夠在90天到期之前與中國或其他國家達成貿易協定還有待觀察。

CryptoQuant’s on-chain data reveals that despite the impressive rally, the price of Ethereum is still lagging behind its realized price. This figure represents the average price at which all the ETH in circulation last moved.

CryptoQuant的鍊鍊數據表明，儘管集會令人印象深刻，但以太坊的價格仍落後於其實現的價格。這個數字代表了所有流通上最後移動的平均價格。

Typically, when the spot price falls below the realized price, it indicates that the market is in a strong accumulation phase, with opportunistic traders and long-term investors capitalizing on discounted levels.

通常，當現貨價格低於實現的價格時，它表明市場處於強大的積累階段，機會主義交易者和長期投資者都利用了折扣水平。

This scenario usually presents a high-probability buying zone, a sight that is often seen once per cycle, presenting a unique opportunity for contrarian investors to disregard short-term noise and macroeconomic uncertainty.

這種情況通常是一個高概率的購買區，這種景象通常是每個週期一次，這為逆勢投資者提供了無視短期噪音和宏觀經濟不確定性的獨特機會。

However, in the present cycle, this scenario has unfolded in a broader macroeconomic context of heightened uncertainty, largely driven by the ongoing U.S.-China trade dispute, which has kept market participants on edge.

但是，在目前的周期中，這種情況在不確定性的更廣泛的宏觀經濟環境中展現出來，這在很大程度上是由正在進行的美國 - 中國貿易爭端驅動的，後者使市場參與者處於優勢。

Earlier this week, the Trump administration announced a 90-day reprieve on new tariffs, focusing specifically on France, Germany, Spain, and China.

本週早些時候，特朗普政府宣布對新的關稅進行90天的緩刑，專門針對法國，德國，西班牙和中國。

This decision follows months of escalating trade tensions, particularly with China, which saw rolling tariffs imposed on $400 billion worth of goods.

這一決定是在數月加劇貿易緊張局勢之後，尤其是與中國，後者對價值4000億美元的商品徵收了滾動關稅。

Although this move to stall new tariffs is being viewed positively by market analysts, who anticipate a period of calm, several economists have expressed skepticism, predicting that the Trump administration might introduce another round of tariffs once the 90-day period concludes.

儘管市場分析師對新的關稅持續了新的關稅，他們預計一段平靜的時期，但幾位經濟學家表示懷疑，預測，一旦90天的結束，特朗普政府可能會引入另一輪關稅。

Despite this caveat, the announcement had a noticeable impact on risk assets, with global equities opening higher and the U.S. futures market showing gains of 0.7% in the morning session.

儘管有這一警告，但該公告對風險資產產生了明顯影響，全球股票開放較高，美國期貨市場在早晨會議上的增長為0.7％。

After a turbulent few months, crypto traders also observed a shift in the market, with several major coins like Bitcoin (CRYPTO:BTC) and Ethereum showing signs of recovery.

經過幾個月動蕩的幾個月後，加密貨幣交易員還觀察到市場的變化，比特幣（Crypto：BTC）和以太坊等幾個主要硬幣顯示出恢復的跡象。

At the time of writing, Bitcoin is trading up 6% in the past 24 hours and 14% in the past seven days. Meanwhile, Ethereum has risen more than 10% in the past 24 hours and over 20% in the past seven days.

在撰寫本文時，在過去的24小時中，比特幣在過去七天中的交易量增長了6％，而比特幣的交易量為14％。同時，在過去的24小時中，以太坊在過去七天中增長了10％以上，超過20％。

Other major coins like Cardano (CRYPTO:ADA) and Polkadot (CRYPTO:DOT) also saw triple-digit gains in the past seven days.

其他主要硬幣，例如Cardano（加密貨幣：ADA）和Polkadot（Crypto：Dot），在過去的七天中也看到了三位數的增長。

In other news, the latest data from Glassnode shows that Bitcoin’s Long-Term Holder (LTH) supply is now at a 16-month high. According to on-chain analytics firm Glassnode, the portion of Bitcoin that has remained dormant for more than 155 days has reached a total of 10.1 million coins.

在其他新聞中，GlassNode的最新數據表明，比特幣的長期持有人（LTH）供應現在為16個月。根據鏈分析公司GlassNode的說法，一直處於休眠狀態超過155天的比特幣的一部分總計達到了1010萬個硬幣。

This development comes after a period of persistent selling pressure, mainly driven by short-term holders (STH), who typically hold coins for less than 100 days. However, LTHs have remained largely unfazed by the recent price fluctuations and have continued to accumulate their BTC holdings throughout the bear market.

這一發展是在一段時間持續的銷售壓力之後，主要是由短期持有人（STH）驅動的，他們通常將硬幣持續不到100天。但是，LTHS在最近的價格波動中仍然很大程度上不滿意，並繼續在整個熊市中積累其BTC持有量。

As the price of Bitcoin falls below the realized price, it indicates that on-chain value is being destroyed. However, this scenario usually presents a high-probability buying zone, a sight that is often seen once per cycle.

隨著比特幣的價格低於已實現的價格，這表明鏈值正在被破壞。但是，這種情況通常是一個高概率的購買區，這一景點通常是每個週期一次。

This presents a unique opportunity for contrarian investors to disregard short-term noise and macroeconomic uncertainty, focusing instead on the long-term potential of the asset.

這為逆勢投資者提供了無視短期噪音和宏觀經濟不確定性的獨特機會，而是集中在資產的長期潛力上。

According to CryptoQuant analyst Maperoğlu, this scenario

根據加密分析師Maperoğlu的說法，這種情況