以太坊相對於比特幣的下滑引發市場對加密貨幣修正的擔憂

Ethereum's Decline Against Bitcoin Raises Concerns Amidst Crypto Market Correction

以太坊相對於比特幣的下跌引發了加密貨幣市場調整的擔憂

Ethereum (ETH), the second-largest cryptocurrency, has experienced a significant drop in value against its leading rival, Bitcoin (BTC), signaling a potential shift in market dynamics. This decline comes amidst a broader sell-off in the cryptocurrency market, which has seen the price of Bitcoin and other major cryptocurrencies fall in recent days.

第二大加密貨幣以太幣（ETH）相對於其主要競爭對手比特幣（BTC）的價值大幅下跌，這表明市場動態可能會改變。這次下跌是在加密貨幣市場出現更廣泛的拋售之際發生的，最近幾天比特幣和其他主要加密貨幣的價格下跌。

Data from TradingView indicates that the ETH/BTC ratio has fallen below 0.05, marking a crucial technical support level that has been intact since 2021. The last time the ratio traded at such a low level was in January 2022, following a brief crypto market sell-off after the launch of Bitcoin exchange-traded funds (ETFs).

TradingView 的數據顯示，ETH/BTC 比率已跌破0.05，這是自2021 年以來一直完好無損的關鍵技術支撐位。該比率上次處於如此低的水平是在2022 年1 月，當時加密貨幣市場短暫拋售- 比特幣交易所交易基金（ETF）推出後關閉。

The current ETH/BTC ratio is also reminiscent of the period in April 2021, when Ethereum experienced a surge in value. Shortly after this surge, the ETH/BTC ratio climbed to 0.078 within a month.

目前的 ETH/BTC 比率也讓人想起 2021 年 4 月時期，當時以太坊經歷了價值飆升。在這次飆升後不久，ETH/BTC 比率在一個月內攀升至 0.078。

Since mid-March 2022, Ethereum has been steadily losing ground to Bitcoin, with the decline coinciding with Bitcoin reaching an all-time high of over $73,000. Subsequently, both Bitcoin and Ethereum have traded within a relatively narrow range as inflows into Bitcoin spot ETFs have slowed.

自 2022 年 3 月中旬以來，以太坊一直在穩步輸給比特幣，其下跌恰逢比特幣達到超過 73,000 美元的歷史新高。隨後，隨著比特幣現貨 ETF 的流入放緩，比特幣和以太坊都在相對狹窄的區間內交易。

The recent market correction has seen Bitcoin decline from $71,200 to $65,300, while Ethereum has dropped from $3,600 to $3,250. Notably, Galaxy Digital Head of Research Alex Thorn has expressed concerns that the ETH/BTC ratio may not have reached its bottom for the year.

最近的市場調整使比特幣從 71,200 美元跌至 65,300 美元，而以太坊則從 3,600 美元跌至 3,250 美元。值得注意的是，Galaxy Digital 研究主管 Alex Thorn 表示擔心 ETH/BTC 比率可能尚未觸底。

Thorn cited the upcoming Bitcoin halving event, which reduces the amount of Bitcoin rewarded to miners by half, as a potential catalyst for Bitcoin's resurgence. Conversely, he views the potential denial of Ethereum ETFs as a bearish sign for the cryptocurrency.

索恩引用了即將到來的比特幣減半事件，該事件將獎勵給礦工的比特幣數量減少一半，這是比特幣復甦的潛在催化劑。相反，他認為以太幣 ETF 的潛在拒絕是加密貨幣的看跌訊號。

"There've been some bumps here and there, but the trend is clear and intact at the moment," Thorn stated in a tweet on Wednesday.

索恩在周三的一條推文中表示：“這裡那裡出現了一些坎坷，但目前的趨勢是清晰且完整的。”

The decline in Ethereum's value against Bitcoin raises questions about the health of the cryptocurrency market and the long-term prospects of Ethereum. While the market correction may be a temporary setback, it underscores the volatility inherent in cryptocurrencies and the need for investors to proceed with caution.

以太坊相對於比特幣的價值下跌引發了人們對加密貨幣市場健康狀況和以太坊長期前景的質疑。雖然市場調整可能是暫時的挫折，但它強調了加密貨幣固有的波動性以及投資者謹慎行事的必要性。