為什麼以太坊價格下降了比特幣？

以太坊和比特幣是市場上兩個最好的加密貨幣，每個加密貨幣都有不同的圖像和用例。有趣的是，在實用性方面，ETH被認為是更好的，但是同樣的效用正在限制其性能。

The Ethereum price trajectory has been bearish for quite some time, and the market's turmoil just advanced the intensity. The struggles are similar for Bitcoin, but its digital gold status, U.S. Strategic Bitcoin Reserve discussion, and other factors are supporting the recovery. As a result, the ETHBTC pair is declining lower, hitting a 5-year low.

以太坊的價格軌跡一直是看跌的一段時間，而市場的動盪卻提高了強度。比特幣的鬥爭相似，但是其數字黃金地位，美國戰略比特幣儲備的討論以及其他因素支持恢復。結果，ETHBTC對下降了下降，達到5年低點。

Why Is Ethereum Price Declining Against Bitcoin?

為什麼以太坊價格下降了比特幣？

Ethereum and Bitcoin are the two best cryptos in the market, and each has a different image and use case. Interestingly, ETH has been considered far better in terms of utility, but the same utility is limiting its performance.

以太坊和比特幣是市場上兩個最好的加密貨幣，每個加密貨幣都有不同的圖像和用例。有趣的是，在實用性方面，ETH被認為是更好的，但是同樣的效用正在限制其性能。

Crypto analyst and CEO & co-founder of Coin Bureau, has brought attention to this matter. In a detailed X post, he revealed that the Ethereum price is having a rough year, declining to a 5-year low. It is currently at 0.019 BTC and has declined nearly 125% from the peak of 0.089 BTC in 2022.

Coin Bureau的加密分析師兼首席執行官兼聯合創始人引起了人們對此事的關注。在詳細的X帖子中，他透露，以太坊價格的年份艱難，跌至5年的低點。它目前為0.019 BTC，與2022年的0.089 BTC的峰值下降了近125％。

This happened due to profitability divergence, Ethereum's MVRV Slip, demand disparity, and much more. Puckrin highlighted that Bitcoin holders are carrying higher unrealized gains than the ETH ones for the unprecedented 812 days.

這是由於盈利能力差異，以太坊的MVRV滑移，需求差異等引起的。 Puckrin強調，比特幣持有人在前所未有的812天中比ETH的收益更高。

Adding to that, Ethereum's MRRV dipped below 1.0. Although this data is for March, it reveals that the investors are struggling.

除此之外，以太坊的MRRV下降到1.0以下。儘管此數據是三月份的，但它表明投資者正在掙扎。

Bitcoin & Ethereum Differences Are The Catalysts For ETH's Price Decline

比特幣和以太坊差異是ETH價格下跌的催化劑

Now, as the DeFi TVL is stagnant, the hype of NFTs has cooled off, and there’s low demand for Ethereum, hence affecting its price.

現在，隨著Defi TVL停滯不前，NFT的炒作已經冷靜下來，對以太坊的需求較低，因此會影響其價格。

Not to mention, the increasing blockchain competition from both Layer 1 and Layer 2 is behind the drop. Lastly, the decline in the ETH price against Bitcoin is due to BTC's exchange-traded funds, as all the big money is moving towards that. However, the same did not happen with ETH ETFs

更不用說，第1層和第2層的區塊鏈競爭不斷增加。最後，由於BTC的交易所交易資金，對比特幣的ETH價格下跌是由於所有巨額資金都在朝著這方面邁進。但是，ETH ETF並沒有發生同樣的事情

Ethereum (ETHBTC) Price To Rally If This Happened

如果發生這種情況，以太坊（ETHBTC）的價格

The crypto market crash is still persistent, with a few digital currencies succeeding with minor recovery. Trump's tariff battles and rising recession odds are affecting digital assets. Interestingly, Puckrin believes the global liquidity would save this but not the ETH price against Bitcoin.

加密貨幣市場崩潰仍然持久，其中一些數字貨幣成功恢復了。特朗普的關稅鬥爭和衰退的上升賠率正在影響數字資產。有趣的是，Puckrin認為全球流動性可以節省這一點，但不能節省對比特幣的ETH價格。

Global liquidity will flood into all risky assets, including Bitcoin. Indeed, if many of the above factors continue to dog Ethereum, this liquidity will still favour Bitcoin.

全球流動性將湧入包括比特幣在內的所有風險資產。確實，如果上述許多因素繼續養育以太坊，這種流動性仍然會有利於比特幣。

Although Bitcoin's price recovery would be far better, the rising liquidity would also help ETH recover, giving better ETHBTC pair performance.

儘管比特幣的價格恢復會好得多，但流動性上升也將有助於ETH恢復，從而提供更好的ETHBTC對錶現。

Frequently Asked Questions (FAQs)

常見問題（常見問題解答）

1. Why is Ethereum's price sliding against Bitcoin?

1。為什麼以太坊的價格降低了比特幣？

2. How is the ETHBTC pair performing today?

2。今天的ETHBTC對錶現如何？

3. How does Bitcoin's narrative impact its performance over Ethereum?

3。比特幣的敘事如何影響以太坊的表現？