以太坊（ETH）可能正在下跌，但這是承諾的轉折

Crypto Banter 的主持人兼創始人 Ran Neuner 認為，以太坊可能正在走下坡路，作為一種資產不再具有太大的價值（儘管——劇透警告——這裡可能有一個轉折）。

Host and founder of Crypto Banter, Ran Neuner, has expressed his belief that Ethereum (ETH) may be headed for a downturn and is no longer a valuable asset (though there’s a twist here – keep reading). This statement comes despite Neuner’s involvement with ETH since the initial coin offering (ICO) days.

Crypto Banter 的主持人兼創始人 Ran Neuner 表示，他相信以太坊（ETH）可能會走向低迷，並且不再是有價值的資產（儘管這裡有一個轉折 - 繼續閱讀）。儘管 Neuner 自首次代幣發行 (ICO) 以來就參與了 ETH，但仍發表了這項聲明。

While Neuner has been accumulating ETH since those ICO days, he also admits to selling a large portion of his ETH for SOL a while back. He attributes his bearish stance on ETH to a combination of technical analysis and fundamentals.

雖然 Neuner 從 ICO 時代就一直在累積 ETH，但他也承認不久前曾出售大部分 ETH 來換取 SOL。他將自己對 ETH 的看跌立場歸因於技術分析和基本面的結合。

According to Neuner, despite the recent approval of spot Ethereum exchange-traded funds (ETFs) in the United States, the price of ETH has fallen far short of expectations. This is evident in the ETH/USD chart:

Neuner表示，儘管近期美國批准了現貨以太坊交易所交易基金（ETF），但ETH的價格卻遠低於預期。這在 ETH/USD 圖表中很明顯：

Neuner also highlights the extremely low sentiment surrounding Ethereum, with one user on platform X stating that no matter what happens in the market, ETH is always down.

Neuner 也強調了圍繞以太坊的情緒極低，X 平台上的一位用戶表示，無論市場發生什麼，ETH 總是下跌。

“bad news = eth downgood news = eth downno news = eth downfud on twitter = eth downno fud on twitter = eth downmarkets good = eth downmarkets not good = eth downeth capitulates = eth downeth ever so slightly up = eth down”

「壞消息= ETH 下跌好消息= ETH 下跌沒有新聞= Twitter 上的ETH 下跌= Twitter 上的ETH 下跌沒有FUD = ETH 下跌市場好= ETH 下跌市場不好= ETH 下跌ETH 投降= ETH 下跌ETH 略微上漲= ETH 下跌”

Other X users lamented the low returns they expect from ETH, stating that it gives a 2X return at best, while some compared ETH to Litecoin or Zcash.

其他 X 用戶對 ETH 的預期回報率較低表示遺憾，稱其最多只能提供 2 倍的回報，而一些用戶則將 ETH 與萊特幣或 Zcash 進行比較。

Trading Legend Backs Up Neuner’s Thesis on ETHPeter Brandt, a trader since 1975, comes to Neuner’s aid – though he isn’t interested in blockchain technology and focuses more on technical analysis. He claims that Solana is the “clear winner” over Ethereum.

交易傳奇支持諾伊納關於ETH 的論文彼得·勃蘭特(Peter Brandt) 自1975 年以來一直是一名交易員，他為諾伊納提供了幫助——儘管他對區塊鏈技術不感興趣，而更專注於技術分析。他聲稱 Solana 是以太坊的「明顯贏家」。

He states that ETH loses out due to being “cumbersome, costly, flawed, [and] claims to be decentralized when it’s not.” On the other hand, SOL is “user friendly, [has a] great foundation [and] $SOL should gain 100% on $ETH in months ahead.”

他表示，ETH 之所以失敗，是因為“笨重、成本高昂、有缺陷，並且聲稱是去中心化的，但事實並非如此。”另一方面，SOL“用戶友好，[有]良好的基礎[並且]$SOL 應該在未來幾個月內相對於 $ETH 上漲 100%。”

Brandt responds to those who defend Ethereum and claim it’s “fixing things” by asking why it needs fixing in the first place:

布蘭特回應那些捍衛以太坊並聲稱它正在「修復問題」的人，詢問為什麼它首先需要修復：

“If you have to keep ‘fixing’ something, it’s inherently flawed to begin with.”

「如果你必須不斷地『修復』某些東西，那麼它從一開始就存在固有的缺陷。”

If you made it this far, congratulations, because here’s the promised twist: Neuner concludes from all the negative sentiment and FUD surrounding ETH that if you believe in the fundamentals, you should buy the dip. Though he fundamentally prefers Solana, he also states:

如果你做到了這一步，恭喜你，因為這是承諾的轉折：諾伊納從圍繞 ETH 的所有負面情緒和 FUD 中得出結論，如果你相信基本面，你應該逢低買入。儘管他從根本上更喜歡 Solana，但他也說：

“I still like ETH a lot, but I think it’s fully priced in the best-case scenario for this year. I’m not touching it personally, but if you fundamentally believe in ETH, I think you should be buying this dip.”

「我仍然非常喜歡 ETH，但我認為它的定價完全符合今年最好的情況。我個人不會觸及它，但如果你從根本上相信 ETH，我認為你應該逢低買入。

X user Market Prophit also shares this view, indicating that the “crowd” may be bearish on Ethereum, but “smart money” is bullish.

X用戶Market Prophit也同意這個觀點，顯示「大眾」可能看空以太坊，但「聰明錢」看漲。

“$ETH SentimentCROWD = Bearish 🟥MP | #SmartMoney = Bullish 🟩 #EthereumCheck out sentiment and other crypto stats at https://t.co/HQDyBNuzek#crypto #cryptotrading #CryptoXpic.twitter.com/PSoaTgZHVp”

「$ETH 情緒 CROWD = 看跌 🟥MP | #SmartMoney = 看漲🟩 #Ethereum查看情緒和其他加密統計數據 https://t.co/HQDyBNuzek#crypto #cryptotrading #CryptoXpic.twitter.com/PSoaTgZHVp”

Neuner also points out that buyers of ETH ETFs on platform X are largely unfazed by market sentiment, stating that they “just see ETH as a cheaper Bitcoin.”

Neuner 還指出，X 平台上 ETH ETF 的買家基本上不受市場情緒的影響，並表示他們「只是將 ETH 視為更便宜的比特幣」。

Michael Saylor, the CEO of MicroStrategy, has revealed that he personally owns over US$1 billion in Bitcoin (BTC). This statement comes following a recent SEC filing by MicroStrategy, which showed that it had sold a portion of its BTC holdings.

MicroStrategy 執行長 Michael Saylor 透露，他個人擁有超過 10 億美元的比特幣 (BTC)。該聲明是在 MicroStrategy 最近向 SEC 提交的文件顯示其已出售部分 BTC 資產後發布的。

Saylor's personal Bitcoin holdings are separate from those held by MicroStrategy, and his statement provides further insight into the executive's bullish stance on the primary cryptocurrency.

Saylor 個人持有的比特幣與 MicroStrategy 持有的比特幣是分開的，他的聲明進一步深入了解了該高管對主要加密貨幣的看漲立場。

Saylor has been a vocal proponent of Bitcoin and has played a key role in shifting institutional interest toward the cryptocurrency. He is known for his “laser eyes” campaign and his seven principles for how to "fix" money, which he claims BTC achieves.

塞勒一直是比特幣的大力支持者，並在將機構興趣轉向加密貨幣方面發揮了關鍵作用。他以「雷射眼」活動和「修復」貨幣的七項原則而聞名，他聲稱 BTC 已經實現了這些原則。

According to Forbes' real-time billionaires list, Saylor's net worth is currently estimated at US$3.2 billion. He cofounded MicroStrategy in s1989 and has led the company's strategy to acquire and hold Bitcoin since August 2020.

根據《富比士》即時億萬富翁排行榜，塞勒的淨資產目前估計為32億美元。他於 1989 年共同創立了 MicroStrategy，並自 2020 年 8 月起領導該公司收購和持有比特幣的策略。

MicroStrategy's recent SEC filing showed that it had sold 2,151 BTC for an average price of about US$30,300 per coin. The company had booked a pre-tax loss of US$146.6 million on the sale, which was completed during the fourth quarter of 2022.

MicroStrategy 最近向 SEC 提交的文件顯示，該公司已售出 2,151 枚 BTC，平均價格約為每枚 30,300 美元。該公司在此次出售中計入了 1.466 億美元的稅前虧損，該出售於 2022 年第四季完成。

However, at the time of the sale, MicroStrategy still held 132,500 BTC on its balance sheet, acquired at an average price of US$23,985 per coin. This

然而，在出售時，MicroStrategy 的資產負債表上仍持有 132,500 枚比特幣，收購價格為每枚幣 23,985 美元。這