2025年為以太坊塗了一個動蕩的畫布

與看漲的預測相對於以太坊的下降低於2,000美元的閾值

In the turbulent realm of cryptocurrencies, Ethereum—the world’s second-largest digital asset—has encountered a period of volatility, diverging from the bullish predictions that once dominated the market. After a stark descent below the $2,000 threshold, a level not seen for over a year, investors are now grappling with a sense of unease. However, amidst the prevailing bearish sentiment, on-chain data and institutional activity suggest that the world’s leading smart contract chain could be setting the stage for a dramatic rebound.

在加密貨幣的動盪領域中，以太坊（世界第二大數字資產）遇到了一段時期的波動，這與曾經統治市場的看漲預測不同。在低於$ 2,000的門檻的鮮明下降後，一年多的水平就沒有達到一個水平，現在投資者正在努力應對不安的感覺。但是，在普遍的看跌情緒，鏈上數據和機構活動中，這表明世界領先的智能合同鏈可能為戲劇性的反彈奠定了基礎。

After a steep decline from the $2,700 zone, which bounded the cryptocurrency for nearly eight months, renewed buying interest emerged as ETH dropped below $1,900. This move brought the cryptocurrency close to a critical support level around $1,800, a zone that had previously offered support in early 2023. The ability of Ethereum to hold above this crucial support band will be interesting to watch as it could determine the cryptocurrency’s short-term price trends.

在$ 2,700的區域下降了近八個月的2700美元區域後，由於ETH跌至1,900美元以下，因此出現了近八個月的加密貨幣。這一舉動使加密貨幣接近關鍵的支持水平近於1,800美元左右，該區域以前在2023年初提供了支持。以太坊超越此至關重要的支持樂隊的能力將很有趣，因為它可以確定加密貨幣的短期價格趨勢。

If Ethereum manages to stay above the $1,800 zone and technical analysis indicates that the cryptocurrency could be forming a triple bottom pattern. This pattern is formed when an asset drops to the same support level three times before bouncing back up. A breakout above the neckline of the triple bottom pattern, which is located around the $2,200 zone, could confirm a bullish reversal and open the way for further gains.

如果以太坊設法保持高於$ 1,800的區域，並且技術分析表明加密貨幣可能形成三重底部模式。當資產降至相同的支撐級別3次之前，在彈跳之前，就會形成這種模式。三重底部圖案領口上方的突破，位於2,200美元的區域附近，可以確認看漲的逆轉並為進一步的增長打開道路。

On the other hand, if there is no triple bottom pattern and ETH drops below the $1,800 zone, then further declines to $1,500 or lower may occur. The cryptocurrency market is renowned for its volatility, and unexpected events can trigger rapid price swings. As always, investors should be prepared for anything and use proper risk management.

另一方面，如果沒有三重底部模式並且ETH下降到1,800美元以下，則可能會進一步下降至$ 1,500或更低。加密貨幣市場以其波動性而聞名，意外事件可能會觸發快速價格波動。與往常一樣，投資者應為任何事情做好準備並使用適當的風險管理。

The cryptocurrency market has been battered by a confluence of macroeconomic headwinds, largely focused on the specter of rising interest rates. These rate hikes, designed to combat inflation, have dampened investor appetite for risk assets, including cryptocurrencies.

加密貨幣市場受到宏觀經濟逆風的融合的襲擊，主要集中在利率上升的幽靈上。這些旨在打擊通貨膨脹的速度加息已經削弱了投資者對包括加密貨幣在內的風險資產的需求。

Moreover, regulatory uncertainty has intensified, casting a shadow of doubt over the long-term viability of certain projects. The cryptocurrency industry has been a subject of keen interest by regulators worldwide, who are still working to fully integrate digital assets into the existing financial framework.

此外，監管不確定性加劇了，在某些項目的長期生存能力中引起了懷疑的陰影。加密貨幣行業一直是全球監管機構敏銳的興趣的主題，他們仍在努力將數字資產完全整合到現有的財務框架中。

This process has been marked by varying approaches across different jurisdictions, leading to a constantly evolving regulatory landscape. In the United States, the Securities and Exchange Commission (SEC) has taken a keen interest in the cryptocurrency sector.

該過程以不同司法管轄區的不同方法為標誌，導致不斷發展的監管格局。在美國，證券交易委員會（SEC）對加密貨幣部門充滿了權益。

Earlier this year, the SEC sued major cryptocurrency exchange, Binance, and its CEO Changpeng Zhao for operating without proper registration and engaging in the illegal sale of securities.

今年早些時候，SEC起訴了主要的加密貨幣交易所，Binance及其首席執行官Changpeng Zhao在沒有適當註冊並從事非法出售證券的情況下運營。

This lawsuit followed a similar case filed against leading cryptocurrency exchange Coinbase (NASDAQ:COIN) for allegedly offering unregistered securities to U.S. investors through its cryptocurrency staking program.

該訴訟遵循針對領先的加密貨幣交易所Coinbase（NASDAQ：COIN）提起的類似案件，要求通過其加密貨幣企業製定計劃向美國投資者提供未註冊的證券。

Despite the SEC’s cases, a federal judge ruled that the cryptocurrency market is not a Ponzi scheme, a claim that a group of investors had made in a lawsuit against cryptocurrency startup LBank. The investors had argued that cryptocurrency platforms mislead users into investing in a pyramid scheme.

儘管SEC案件的案件，但聯邦法官裁定加密貨幣市場不是龐氏騙局，聲稱一群投資者在針對加密貨幣初創公司Lbank的訴訟中提出了一組投資者。投資者認為，加密貨幣平台誤導了用戶投資於金字塔計劃。

However, the lack of clear regulations has also posed challenges for cryptocurrency firms in launching new products and services. For instance, the U.S. Congress is still working on comprehensive legislation for cryptocurrencies, despite bipartisan efforts to introduce bills earlier this year.

但是，缺乏明確的法規在推出新產品和服務方面也對加密貨幣公司構成了挑戰。例如，儘管兩黨於今年早些時候提出法案，但美國國會仍在製定全面的加密貨幣立法。

After months of deliberation, a House committee finally approved a bill that would create a framework for registering and selling digital assets with the Commodities Futures Trading Commission (CFTC).

經過幾個月的審議，眾議院委員會終於批准了一項法案，該法案將創建一個框架，用於在商品期貨交易委員會（CFTC）上註冊和銷售數字資產。

This bill, named the "Responsible Financial Innovation Act," was approved by the House Financial Services Committee in May and now needs to be passed by the full House of Representatives. However, it is unclear if the Senate will also vote on the bill before the year ends.

該法案被稱為“負責任的金融創新法”，於5月獲得眾議院金融服務委員會的批准，現在需要全部眾議院通過。但是，目前尚不清楚參議院是否還會在年底之前對該法案進行投票。

Despite the lack of complete legislation, a bipartisan group of U.S. senators is optimistic that a comprehensive cryptocurrency bill could be passed by the year’s end. This follows a period of heightened scrutiny on cryptocurrency firms by the SEC, which has sued several firms for operating unregistered exchanges or selling unregistered securities.

儘管缺乏完整的立法，但美國參議員的兩黨群體樂觀地認為，在年底之前可以通過一項全面的加密貨幣法案。這是在SEC對加密貨幣公司進行了一段時間的審查之後，該公司已起訴多家公司以操作未註冊的交易所或出售未註冊的證券。

The senators, who are members of the Senate Banking Committee, said in a joint statement on Thursday that they are working on an "omnibus" cryptocurrency bill that would provide much-needed clarity on how digital assets are regulated in the United States.

參議員是參議院銀行委員會成員的參議員在周四的一份聯合聲明中說，他們正在製定一項“綜合”加密貨幣法案，該法案將對美國如何規範數字資產進行急需的清晰度。

“We are working together in a bipartisan manner to provide the certainty and stability that is desperately needed for this rapidly growing industry,” said the senators, who include Democratic Senators Mark Warner and Tim Kaizer, and Republican Senators Todd Young and Mike Rounds.

包括民主黨參議員馬克·華納（Mark Warner）和蒂姆·凱澤（Tim Kaizer）以及共和黨參議員托德·楊（Todd Young）和邁克·福爾斯（Mike Rounds）的參議員說：“我們以兩黨的方式共同努力，提供了迫切需要的確定性和穩定性。”

The statement follows a meeting between the senators and cryptocurrency executives earlier this week to discuss pressing issues such as converging on definitions for digital asset tokens and determining which federal agency—the SEC or CFTC—would oversee specific cryptocurrencies.

該聲明是在本週早些時候參議員與加密貨幣高管之間的一次會議之後，討論了諸如數字資產代幣定義的融合，並確定哪個聯邦機構（SEC或CFTC）將監督特定的加密貨幣。

″We had a productive conversation today with cryptocurrency executives about the urgent need for Congress to provide clear and consistent regulatory certainty for the digital asset

“今天，我們與加密貨幣高管進行了富有成效的對話，即國會迫切需要為數字資產提供明確，一致的監管確定性