以太坊暴跌引發警報，引發對市場軌跡的擔憂

在市場低迷的背景下，以太坊各項指標不斷下滑，過去一週下跌8.65%，24小時內下跌5.90%。跌破 3,460 美元下方的支撐對以太坊多頭構成了挑戰，分析師 Ali Martinez 預測，如果繼續低迷，以太坊可能會跌至 2,850 美元。大多數 ETH 持有者（約 66%）都處於虧損狀態，這表明存在進一步的下行風險。內部不確定性，包括據稱對以太坊基金會的調查以及對現貨以太坊 ETF 的懷疑，也打壓了市場情緒。

Ethereum's Downward Spiral Raises Concerns Amid Market Uncertainty

以太坊的螺旋式下降引發市場不確定性的擔憂

In a troubling turn of events, Ethereum (ETHUSD) has plummeted amidst a broader market downturn, eroding investor confidence and raising questions about its future trajectory. As of press time, Ethereum has nosedived by 5.90% in the past 24 hours, sinking to $3,338.93. This latest dip has extended its weekly decline to a staggering 8.65%.

令人不安的是，以太坊（ETHUSD）在更廣泛的市場低迷中暴跌，削弱了投資者的信心，並引發了對其未來軌蹟的質疑。截至發稿，以太幣在過去24小時內暴跌5.90%，跌至3,338.93美元。最近的下跌將其每週跌幅擴大至驚人的 8.65%。

Market analysts have expressed alarm over Ethereum's deteriorating technical indicators, suggesting that the cryptocurrency lacks substantial support along its downward path. Ali Martinez, a renowned market expert, has cautioned that Ethereum's inability to maintain its support at the $3,460 level poses a significant threat to its bulls. Martinez warns that if the downward momentum continues unchecked, Ethereum could potentially plunge to as low as $2,850.

市場分析師對以太坊不斷惡化的技術指標表示擔憂，顯示該加密貨幣在下行道路上缺乏實質支撐。著名市場專家 Ali Martinez 警告稱，以太坊無法維持 3,460 美元的支撐位，對其多頭構成重大威脅。馬丁內斯警告說，如果下行勢頭繼續不加遏制，以太坊可能會跌至 2,850 美元。

Martinez's analysis, supported by data from IntoTheBlock (ITB), reveals a precarious situation for Ethereum investors. According to the data, a massive 4.97 million ETH, worth approximately $16.68 billion, is currently in the money (or in profit), representing 33% of the total ETH in circulation. However, the recent price drop has forced 10 million ETH, valued at $33.52 billion, or 66.31% of the circulating supply, out of the money. For Ethereum to regain its profitability equilibrium, its price would need to trade within the tight $3,252.30-$3,352.58 range.

馬丁內斯的分析得到了 IntoTheBlock (ITB) 數據的支持，揭示了以太坊投資者的不穩定處境。數據顯示，目前有 497 萬枚 ETH 處於貨幣狀態（或利潤狀態），佔流通中 ETH 總量的 33%，價值約 166.8 億美元。然而，最近的價格下跌已迫使 1,000 萬枚 ETH 被拋售，價值 335.2 億美元，佔流通量的 66.31%。為了使以太坊恢復獲利平衡，其價格需要在 3,252.30 美元至 3,352.58 美元的狹窄區間內交易。

In addition to external market factors, Ethereum is also grappling with its own internal uncertainties. The recent probe into the Ethereum Foundation by an undisclosed state authority has cast a shadow over the project, dampening investor sentiment. Moreover, skepticism lingers regarding the prospects of a spot Ethereum ETF, given the United States Securities and Exchange Commission's (SEC) reported inclination to classify ETH as a security.

除了外部市場因素外，以太坊還面臨自身內部的不確定性。最近，一家未公開身分的國家機構對以太坊基金會進行的調查給該項目蒙上了陰影，削弱了投資者的情緒。此外，鑑於美國證券交易委員會 (SEC) 報告傾向於將 ETH 歸類為證券，人們對現貨以太坊 ETF 的前景仍持懷疑態度。

While the likelihood of ETF approval has diminished, industry leaders such as BlackRock's Larry Fink remain cautiously optimistic. Fink believes that even if ETH is designated as a security, it would not significantly hinder the chances of ETF approval.

儘管 ETF 獲得批准的可能性已經降低，但貝萊德 (BlackRock) 的 Larry Fink 等行業領導者仍保持謹慎樂觀的態度。芬克認為，即使 ETH 被指定為證券，也不會顯著阻礙 ETF 獲得批准的機會。

Despite these glimmers of optimism, Ethereum's current predicament raises serious concerns about its short-term viability. The lack of price support, coupled with regulatory uncertainties, has created an environment of fear and doubt among investors. Whether Ethereum can weather this storm and emerge stronger remains to be seen, but the road ahead looks increasingly challenging.

儘管存在這些樂觀的曙光，但以太坊當前的困境引發了對其短期生存能力的嚴重擔憂。缺乏價格支撐，加上監管的不確定性，在投資者中造成了恐懼和懷疑的環境。以太坊能否經受住這場風暴並變得更加強大還有待觀察，但未來的道路看起來越來越具有挑戰性。