隨著 SEC 對以太 ETF 的決定臨近，以太坊將迎來大幅上漲

隨著美國 SEC 即將就現貨以太幣 ETF 做出決定，以太幣 (ETH) 有望大幅上漲。該山寨幣在過去 24 小時內上漲了 3%，並有望重新測試其歷史高點。短期比特幣持有者正在將利潤轉向山寨幣，進一步推動潛在的反彈。同時，Grayscale 和 BlackRock 已申請現貨以太 ETF，這增加了 SEC 批准它們的壓力。

Ethereum Poised for an Uproarious Climb to Retest Historic Highs Amid Imminent SEC Decision on Ether ETFs

在美國證券交易委員會即將對以太坊 ETF 做出決定之際，以太坊準備大幅上漲，重新測試歷史高點

Ethereum (ETH), the undisputed leader in the web3 ecosystem, is on the cusp of an electrifying phase within the broader crypto bull market. With over $279 billion in bridged Total Value Locked (TVL) facilitated through its ubiquitous Ethereum Virtual Machine (EVM), Ethereum is poised to embark on a thrilling ascent.

以太坊 (ETH) 是 web3 生態系統中無可爭議的領導者，正處於更廣泛的加密貨幣牛市的激動人心階段的風口浪尖。憑藉無處不在的以太坊虛擬機 (EVM) 促成的超過 2,790 億美元的橋接總價值鎖定 (TVL)，以太坊正準備踏上激動人心的上升之路。

The large-cap altcoin, boasting a fully diluted valuation of approximately $396 billion and an impressive average daily trading volume of around $11 billion, has experienced a notable 3% surge in the past 24 hours, currently trading at roughly $3,249.

這種大盤山寨幣的完全稀釋估值約為 3,960 億美元，日均交易量約為 110 億美元，令人印象深刻，在過去 24 小時內大幅上漲 3%，目前交易價格約為 3,249 美元。

Buoyed by a bullish close last week, as evidenced by a Doji weekly candlestick pattern, Ethereum price is targeting a retest of its all-time high in the near future. Moreover, short-term Bitcoin (BTC) holders are actively rotating their profits into the altcoin market, contributing to the ongoing crypto cash rotation.

受到上週看漲收盤的提振，正如十字星周燭台圖案所證明的那樣，以太坊價格的目標是在不久的將來重新測試其歷史高點。此外，短期比特幣（BTC）持有者正在積極地將利潤轉移到山寨幣市場，從而促進了加密貨幣現金的持續輪調。

Spot Ethereum ETF Decision Imminent

現貨以太幣 ETF 即將做出決定

The United States Securities and Exchange Commission (SEC) has approximately one month remaining before the official deadline for its decision on spot Ether ETF applications. The same fund managers who received approval to offer spot Bitcoin ETFs earlier this year are now vying for the opportunity to provide spot Ether ETFs.

美國證券交易委員會 (SEC) 距離對以太坊 ETF 現貨申請做出決定的正式截止日期還剩約一個月的時間。今年稍早獲得批准提供現貨比特幣 ETF 的基金經理現在正在爭奪提供現貨以太坊 ETF 的機會。

It is noteworthy that the approval of spot Bitcoin ETFs was largely influenced by a court ruling, which compelled the SEC to apply the same parameters to ETFs as it did to previously approved futures. Given that Ethereum futures have been in existence for several years, there is a strong likelihood that the SEC could follow a similar approach.

值得注意的是，現貨比特幣 ETF 的批准很大程度上受到法院裁決的影響，該裁決迫使 SEC 對 ETF 應用與先前批准的期貨相同的參數。鑑於以太坊期貨已經存在多年，美國證券交易委員會很可能會採取類似的做法。

However, the agency has expressed concerns that Ethereum may be more akin to a security than a commodity, unlike Bitcoin. Some experts have speculated that the SEC may be hesitant to approve spot Ether ETFs for fear of setting a precedent that other altcoins, such as Ripple-backed XRP, Solana (SOL), and Dogecoin (DOGE), could follow suit.

然而，該機構表示擔心，與比特幣不同，以太坊可能更像是一種證券，而不是一種商品。一些專家推測，美國證券交易委員會可能會猶豫是否批准以太坊 ETF 現貨，因為擔心會開創其他山寨幣（例如瑞波幣支持的 XRP、Solana (SOL) 和 Dogecoin (DOGE)）效仿的先例。

Despite these concerns, Grayscale Investments LLC filed its form S-3 prospectus with the SEC on April 23, in a bid to convert its Ethereum Trust into a spot Ether ETF. Notably, Grayscale has now submitted all required documentation to the SEC, leaving the agency to make a final decision.

儘管有這些擔憂，Grayscale Investments LLC 仍於 4 月 23 日向 SEC 提交了 S-3 招股說明書，試圖將其以太坊信託轉換為現貨以太 ETF。值得注意的是，灰階現已向 SEC 提交了所有必需的文件，讓該機構做出最終決定。

Furthermore, the company has filed an S-1 for a mini Ethereum ETF under the ticker ETH, similar to its BTC mini ETF that is still awaiting SEC approval.

此外，該公司還以代碼 ETH 提交了迷你以太坊 ETF 的 S-1 申請，類似於仍在等待 SEC 批准的 BTC 迷你 ETF。

On Tuesday, BlackRock Inc (NYSE: BLK) submitted an amendment to its spot Ether ETF application through form 19b-4. This increased engagement follows the SEC's delayed decisions on two spot Ether ETF applications, submitted by Grayscale and Franklin Templeton.

週二，貝萊德公司（NYSE：BLK）透過表格 19b-4 提交了對其現貨以太 ETF 申請的修訂。繼 SEC 對 Grayscale 和 Franklin Templeton 提交的兩份現貨以太 ETF 申請延遲做出決定之後，參與度有所增加。

Ether Price Action

以太幣價格走勢

Ethereum price is currently hovering at a critical juncture against Bitcoin. According to renowned crypto analyst Michaël van de Poppe, the anticipated altseason will commence as soon as the ETH/BTC pair rebounds from its current levels. It is worth noting that Bitcoin dominance has been eroding altcoins since early last year.

以太坊價格目前徘徊在相對於比特幣的關鍵時刻。根據著名加密貨幣分析師 Michaël van de Poppe 的說法，一旦 ETH/BTC 從當前水平反彈，預期的山寨幣季節就會開始。值得注意的是，自去年初以來，比特幣的主導地位一直在侵蝕山寨幣。

In conclusion, Ethereum is poised to make a significant upward move as the SEC's final decision on spot Ether ETFs nears. The impending approval of such ETFs could unleash a wave of institutional investment into Ethereum, potentially driving its price to new highs and heralding the beginning of a new era for the altcoin market.

總而言之，隨著 SEC 對現貨以太坊 ETF 的最終決定臨近，以太坊有望大幅上漲。這類 ETF 即將獲得批准，可能會引發一波機構投資以太坊的浪潮，有可能將其價格推至新高，並預示著山寨幣市場新時代的開始。