當彼得·布蘭特（Peter Brandt）講話時，市場會聽。這位自1970年代以來活躍的貿易退伍軍人放棄了重磅炸彈

這位自1970年代以來活躍的貿易退伍軍人放棄了重磅炸彈

When Peter Brandt speaks, the markets listen. The trading veteran, active since the 1970s, dropped a bombshell on the platform X: “Ethereum is a worthless trash”.

當彼得·布蘭特（Peter Brandt）講話時，市場會聽。自1970年代以來活躍的貿易資深人士在平台X上放了一個重磅炸彈：“以太坊是一文不值的垃圾”。

With over 700,000 followers and a reputation built on decades of technical analysis, Brandt is neither a troll nor a maximalist craving attention. His critique directly targets the second-largest crypto on the market, sparking a heated debate within the community and shaking investors’ certainties.

在數十年的技術分析上建立了超過700,000個關注者和聲譽，布蘭特既不是巨魔，也不是最大程度的關注。他的批評直接針對市場上的第二大加密貨幣，引發了社區中激烈的辯論，並震驚了投資者的確定性。

A brutal condemnation signed Brandt

一個殘酷的譴責簽署了布蘭特

In a message published on April 14, 2025, Peter Brandt delivered an equally brief and devastating statement: “Ethereum is a worthless trash.”

在2025年4月14日發布的一條消息中，彼得·布蘭特（Peter Brandt）發表了同樣簡短而毀滅性的聲明：“以太坊是一文不值的垃圾。”

This comment, published on the social network X (formerly Twitter), immediately ignited discussions. Although Brandt does not detail his reasons in his most recent post, this declaration fits into a critical logic he has expressed in the past.

該評論發表在社交網絡X（以前為Twitter）上，立即引發了討論。儘管布蘭特在最近的帖子中沒有詳細說明他的原因，但該聲明符合他過去所表達的關鍵邏輯。

In November 2024, he already qualified Ethereum as a “completely broken utility token” because at the time he denounced its high usage fees and technical complexity.

在2024年11月，他已經將以太坊合格為“完全破碎的公用事業令牌”，因為當時他譴責其高使用費和技術複雜性。

This attack adds to a series of criticisms that Brandt regularly directs at altcoins, questioning their legitimacy. For the trader, only Bitcoin truly meets the criteria of a durable store of value. Through his successive statements, Brandt points out several weaknesses of Ethereum :

這次攻擊增加了布蘭特定期指導Altcoins的一系列批評，質疑其合法性。對於交易者而言，只有比特幣才能真正符合持久價值存儲的標準。通過他的連續陳述，勃蘭特指出了以太坊的幾個弱點：

This radical stance is not new for Brandt, but its regularity and media reach contribute to maintaining doubt among some investors. His influence on the markets is not insignificant. Thus, even a brief opinion is widely shared within specialized circles and can impact short-term perceptions.

對於勃蘭特來說，這種激進的立場並不是什麼新鮮事物，但是它的規律性和媒體的影響力有助於保持一些投資者的懷疑。他對市場的影響並不重要。因此，即使是簡短的意見也會在專業界中廣泛共享，並可能影響短期看法。

Growing tensions around Ethereum

圍繞以太坊的緊張局勢越來越

The timing of the declaration is not accidental. It comes in a context of prolonged stagnation for ETH, whose price has not surpassed the 4,000-dollar mark in the long term since November 2021.

聲明的時機並非偶然。它是在ETH長期停滯的背景下出現的，ETH的價格在2021年11月以來的長期尚未超過4,000美元的成績。

Brandt, without explicitly mentioning the course, seems to echo this feeling of technical and strategic stagnation perceived by some investors. On social networks, several voices have expressed their frustration at the lack of major technological breakthrough since the “Merge” update, which has thus reinforced the ambient skepticism.

勃蘭特在沒有明確提及該課程的情況下似乎回應了某些投資者所感知的這種技術和戰略性停滯感。在社交網絡上，自“合併”更新以來，幾種聲音對缺乏重大技術突破感到沮喪，因此加強了環境懷疑。

Behind these criticisms emerge questions about the direction taken by Ethereum. While the Pectra update is expected to improve network efficiency, the community remains divided on the priority between scalability and decentralization.

這些批評的背後出現了有關以太坊的方向的問題。雖然預計Pectra更新將提高網絡效率，但社區仍然在可伸縮性和權力下放之間的優先級劃分。

For some analysts, Brandt’s comments reflect a fundamental tension: the increasing difficulty for Ethereum to reconcile promises of innovation and operational reality. In the short term, this new wave of criticism could strengthen maximalist pro-bitcoin discourse, which would encourage developers to accelerate structural reforms.

對於某些分析師而言，布蘭特的評論反映了一種根本的張力：以太坊和調和創新和運營現實承諾的困難越來越大。在短期內，這種新的批評浪潮可以加強最大程度的親甲幣論述，這將鼓勵開發商加速結構改革。

However, in the longer term, Ethereum will need to demonstrate that its technological roadmap can meet the expectations of an increasingly demanding market.

但是，從長遠來看，以太坊將需要證明其技術路線圖可以滿足日益苛刻的市場的期望。

If we consider that Brandt’s criticisms are not new, their resurgence in an increasingly fragile context could weigh on the perception of Ethereum in the medium term. For its supporters, the next evolutions of the network will provide the expected answers. However, for others, the current problems (disillusionment, slowness, divisions) rather evoke the beginning of a long cycle of exhaustion. What is certain is that the Ethereum community has no more room for error. It must react quickly, at the risk of losing trust, and therefore value.

如果我們認為勃蘭特的批評並不是什麼新鮮事物，那麼它們在日益脆弱的環境中的複興可能會在中期對以太坊的看法上進行權衡。對於其支持者，網絡的下一個發展將提供預期的答案。但是，對於其他人來說，當前的問題（幻滅，緩慢，分裂）卻喚起了漫長的疲憊週期的開始。可以肯定的是，以太坊社區沒有更多的錯誤餘地。它必須迅速做出反應，冒失去信任並因此價值的風險。