以太坊投資者隨著風險食慾的減弱而變得越來越謹慎，但是ETH價格突破可能即將到來

隨著當前的牛市週期的繼續，與Dogecoin和XRP（例如其他主要的山寨幣）相比，以太坊的性能被認為弱。

As the bull market continues, many investors and traders are keeping a close eye on Ethereum's performance, especially in comparison to other major altcoins like Dogecoin and XRP. With ETH unable to spearhead a major rally so far, its price action has left many questioning whether the digital asset is capable of sparking a huge breakout.

隨著牛市的繼續，許多投資者和貿易商都密切關注以太坊的表現，尤其是與其他主要山寨幣（如Dogecoin和XRP）相比。迄今為止，由於ETH無法率先進行重大集會，其價格行動使許多人質疑數字資產是否能夠引發巨大的突破。

Investors Becoming More Cautious Of Ethereum

投資者對以太坊越來越謹慎

However, a closer look at on-chain data reveals that Ethereum's persistent negative performances have triggered caution among investors and traders. Advanced on-chain data analytics and investment platform Alphractal highlighted this shift in market dynamics.

但是，仔細研究鏈上的數據表明，以太坊的持續負面績效引發了投資者和交易者的謹慎。先進的鏈上數據分析和投資平台字母刻度強調了市場動態的這種轉變。

The platform's analysis reveals a decline in investors' risk appetite, which is indicated by a decrease in aggressive buying as traders adopt a more protective strategy in light of heightened volatility and worrying macroeconomic conditions.

該平台的分析表明，投資者的風險食慾下降，這表明了積極購買的下降，因為貿易商鑑於波動性的增長和擔心宏觀經濟狀況，交易者採用了更具保護性的策略。

This shift in market dynamics raises the question of whether the present hesitancy may soon lead to additional price corrections or consolidation. However, the situation for ETH appears to be more delicate.

市場動態的這種轉變提出了一個問題，即目前的猶豫是否可能很快導致額外的價格糾正或合併。但是，ETH的情況似乎更加微妙。

After navigating Ethereum's Normalized Risk Metric (NRM), the platform arrived at a crucial insight: the risk appetite now stands at the 0.38 level. It is important to note that this level has been seen in the past, leading to periods of high volatility. When the metric's value rises to 1, it indicates heightened risk and overbought conditions. Meanwhile, when the value drops closer to 0, it implies potential buying opportunities.

在瀏覽以太坊的標準化風險度量（NRM）之後，該平台獲得了至關重要的見解：風險食慾現在為0.38。重要的是要注意，過去已經看到了這一水平，導致高波動性的時期。當指標的價值上升到1時，它表示風險增加和過高的條件。同時，當價值接近0時，這意味著潛在的購買機會。

Furthermore, Alphractal pointed out that the current level of the normalized risk metric is also like past market cycles, such as the 2019 and 2020 cycles. During these past periods, strong price fluctuations were seen in ETH, alternating between steep corrections and sharp rallies.

此外，字形指出，歸一化風險度量的當前水平也像過去的市場週期，例如2019年和2020年的周期。在過去的時期，在ETH中看到了強大的價格波動，在陡峭的校正和急劇集會之間交替。

In the event that past results repeat themselves, the altcoin may go through a period of extreme volatility, which Alphractal believes would present investors with both opportunities and risks. Since several crypto experts predict an impending major surge for ETH, this development could allow investors to position themselves for notable gains in the short term.

如果過去的結果重複出現，山寨幣可能會經歷極端波動的時期，Alphractal認為這將使投資者既有機會又有風險。由於幾位加密專家預測ETH即將發生的重大激增，因此這一發展可以使投資者在短期內將自己定位為顯著的收益。

Huge Capital Flowing Into ETH-Based ProductsRecent volatility may be hindering bullish momentum, but Ethereum-based products - particularly the spot ETH Exchange-Traded Funds (ETFs) - have seen persistent capital inflows.

龐大的資本流入基於ETH的產品的波動性可能會阻礙看漲的勢頭，但是基於以太坊的產品（尤其是現貨ETH交易所交易基金（ETF））已經看到了持續的資本流入。

According to market expert and Economist MilkyBull Crypto, ETH recently recorded its largest inflows since December 2024. Such substantial inflow suggests a resurgence in investors' confidence in the altcoin. It also reflects heightened accumulation from retail and institutional participants even as Ethereum struggles to maintain an upside trajectory.

據市場專家和經濟學家米爾基布爾加密貨幣（Milkybull Crypto）稱，ETH最近記錄了其自2024年12月以來最大的流入。如此大量的流入表明，投資者對Altcoin的信心恢復了。這也反映了零售和機構參與者的積累加劇，即使以太坊努力保持上行軌跡。

Given the emergence of bullish structures on ETH's chart, the asset could be poised to rebound toward higher levels shortly. As reported by Titan of Crypto, a technical analyst, Ethereum's most explosive breakout is on the horizon.

鑑於Bullish結構在ETH的圖表上的出現，資產可能很快就可以反彈。正如技術分析師Crypto的Titan報導的那樣，以太坊最爆炸性的突破即將到來。

Taking a closer look at the chart, the altcoin has formed a striking similarity to Bitcoin's past cycle setup that ultimately propelled it to new all-time highs. As a result, the analyst anticipates that ETH will mirror the same powerful price movement, targeting new highs in the coming months.

仔細研究圖表，AltCoin與比特幣過去的周期設置形成了驚人的相似性，最終將其推向了新的歷史最高點。結果，分析師預計ETH將反映出相同的強大價格變動，並在未來幾個月內針對新的高點。