以太坊的承諾逐漸消失：經驗豐富的交易員看到了陰影

經驗豐富的比特幣交易員弗雷德·克魯格（Fred Krueger）預測以太坊的未來黯淡，並列舉了生態系統面臨的多重挑戰。以太坊面臨對以太坊基金會的調查、UniSwap 的監管問題、預期 ETF 的缺乏，以及 NFT 市場興趣的下降，而 NFT 市場一直是以太坊的重要推動力。來自 Solana 的競爭和「超健全貨幣」敘事的減弱進一步削弱了以太坊的前景，可能導致人們對數位資產領域的投資策略進行重新評估。

Ethereum's Ascent Decelerates: Seasoned Trader Forecasts Dim Outlook

以太坊的上漲減速：經驗豐富的交易員預測前景黯淡

Seasoned Bitcoin (BTC) advocate and seasoned trader, Fred Krueger, issued a sobering forecast for Ethereum (ETH) on Monday, declaring that the "ETH story is dying."

經驗豐富的比特幣(BTC) 倡導者和經驗豐富的交易員弗雷德·克魯格(Fred Krueger) 週一對以太坊(ETH) 做出了發人深省的預測，宣稱“以太坊的故事正在消亡” 。

Ethereum's Mounting Obstacles

以太坊的障礙不斷增加

Krueger's series of incisive observations, disseminated through his X (formerly Twitter) platform, illuminates a constellation of challenges currently impeding the Ethereum ecosystem. These challenges have the potential to erode the platform's standing within the cryptocurrency market.

克魯格透過他的 X（以前稱為 Twitter）平台傳播的一系列深刻觀察揭示了當前阻礙以太坊生態系統的一系列挑戰。這些挑戰有可能削弱該平台在加密貨幣市場中的地位。

Governance and Regulatory Headwinds

治理和監管阻力

Ethereum's narrative has been marred by an investigation into the Ethereum Foundation, whose details are still unfolding. This probe has raised concerns about the foundation's governance and transparency practices. Compounding this, UniSwap (UNI), a leading decentralized finance (DeFi) platform operating on the Ethereum network, has received a Wells Notice, indicating potential violations of regulatory stipulations.

以太坊的敘述因對以太坊基金會的調查而受到損害，其細節仍在展開。這項調查引發了人們對該基金會治理和透明度實踐的擔憂。雪上加霜的是，在以太坊網路上運行的領先去中心化金融（DeFi）平台 UniSwap（UNI）已收到 Wells 通知，表明可能違反監管規定。

Delayed ETF Expectations

延遲的 ETF 預期

Diminishing Ethereum's immediate prospects, Krueger highlights the absence of an anticipated Ethereum-based Exchange-Traded Fund (ETF), previously expected to launch in the upcoming month. This development, or lack thereof, has likely dampened the enthusiasm of institutional and retail investors alike.

克魯格削弱了以太坊的近期前景，強調沒有預期的基於以太坊的交易所交易基金（ETF），此前預計該基金將在下個月推出。這種發展或缺乏，可能會挫傷機構投資者和散戶投資者的熱情。

Shifts in the NFT Market

NFT 市場的變化

The non-fungible token (NFT) market, a significant driver of Ethereum's utility and popularity, is exhibiting signs of stagnation. Enthusiasm appears to be gravitating towards Bitcoin ordinals, potentially signaling a fundamental shift away from Ethereum in the NFT sector, challenging its dominance in this burgeoning market.

不可替代代幣（NFT）市場是以太坊實用性和受歡迎程度的重要驅動力，但目前正表現出停滯跡象。人們對比特幣序數的熱情似乎越來越高，這可能標誌著 NFT 領域從以太坊發生根本性轉變，挑戰其在這個新興市場的主導地位。

Solana's Competitive Surge

Solana 的競爭激增

Krueger also draws attention to Solana (SOL) as a formidable competitor, "attacking from the left flank." Solana's efficiency and growing adoption in applications once dominated by Ethereum, particularly in sectors prioritizing speed and lower transaction costs, pose a serious threat to Ethereum's market share.

克魯格還指出索拉納（SOL）是一個強大的競爭對手，「從左翼進攻」。 Solana 的效率以及在曾經由以太坊主導的應用程式中越來越多的採用，特別是在優先考慮速度和較低交易成本的領域，對以太坊的市場份額構成了嚴重威脅。

Erosion of Ultra Sound Money Narrative

超音速貨幣敘事的侵蝕

Perhaps most critical, Krueger declares the demise of the "Ultra Sound Money" narrative—a cornerstone of Ethereum's value proposition since its transition to a proof-of-stake consensus mechanism with the Merge. This narrative positioned Ethereum as a deflationary asset, potentially rivaling Bitcoin's gold-like store of value.

也許最關鍵的是，克魯格宣布「超健全貨幣」敘事的消亡——自從以太坊透過合併過渡到權益證明共識機制以來，它一直是以太坊價值主張的基石。這種說法將以太坊定位為一種通貨緊縮資產，有可能與比特幣類似黃金的價值儲存相提並論。

Implications for the Digital Asset Ecosystem

對數位資產生態系統的影響

These developments are poised to be central topics of discussion at Benzinga's forthcoming Future of Digital Assets conference on November 19. Participants will meticulously scrutinize Ethereum's trajectory, dissect regulatory obstacles, and contrast emerging blockchain technologies such as Solana. The conference will serve as a platform for experts to engage in thoughtful discourse on the potential recalibration of investment strategies within the digital asset landscape in light of these challenges.

這些進展將成為 Benzinga 即將於 11 月 19 日召開的數位資產未來會議討論的中心話題。會議將作為專家們的平台，針對這些挑戰，就數位資產領域投資策略的潛在重新調整進行深思熟慮的討論。