当比特币（BTC）价格试图反映Gold的抛物线移动时，以太坊（ETH）价格遭受了无情的看跌眼光

随着比特币（BTC）的价格试图反映Gold的抛物线举动，以太坊（ETH）的价格遭受了无情的看跌前景。

As Bitcoin (BTC) price attempts to mirror gold’s parabolic move, Ethereum (ETH) price has suffered a relentless bearish outlook. The large-cap altcoin, with a fully diluted valuation of about $228 billion and a 24-hour average trading volume of around $19 billion, has been trapped in a multi-week correction.

随着比特币（BTC）的价格试图反映Gold的抛物线动作，以太坊（ETH）的价格遭受了无情的看法。大型Altcoin的估值完全稀释约2280亿美元，平均交易量约为190亿美元，已被困在多个星期的更正中。

Since the second inauguration of U.S. President Donald Trump, Ethereum price has lost two crucial support levels, around $3,200 and $2,200. In the past three weeks, Ether’s price has dropped over 33 percent to trade at about $1,891 on Friday, March 14, during the early European trading session.

自美国总统唐纳德·特朗普的第二次就职以来，以太坊的价格失去了两个关键的支持水平，约为3,200美元和2,200美元。在过去的三周中，3月14日（星期五）在欧洲早期交易会期间，Ether的价格下跌了33％以上的交易约为1,891美元。

Ethereum Whales Buys the Capitulation-Fear

以太坊鲸鱼购买了投降恐惧

以太坊鲸鱼购买了投降恐惧

As major stock indexes, led by the S&P 500, continue to bleed amid the heightened mid-term uncertainty triggered by the U.S. tariff wars, long-term traders and institutional investors have continued to take refuge in the gold and stablecoins market.

由于主要股票指数在标准普尔500指数的领导下，在美国关税战争引发的中期不确定性的提高，长期交易者和机构投资者继续在黄金和稳定市场中避难。

According to on-chain data from Glassnode, long-term Ether holders are in notable fear. Meanwhile, the U.S. spot Ether ETF issues are about to register the third consecutive week of cash outflow after recording a net outflow of about $73 million on Thursday.

根据GlassNode的链链数据，长期以太持有人非常恐惧。同时，在周四记录了约7300万美元的净流出后，美国现货ETHET问题将连续第三周注册现金流出。

Is the Bottom In Yet?

底部是吗？

底部是吗？

For the past year, Ethereum price has faced intense bearish sentiment after experiencing a heightened resistance level of around $4k. From a technical analysis standpoint, the ETH/USD is heavily oversold compared to Bitcoin (BTC).

在过去的一年中，以太坊的价格在$ 4,000美元左右的阻力水平上升后面临着强烈的看跌感。从技术分析的角度来看，与比特币（BTC）相比，ETH/USD大量超售。

As a result, Ether’s price must rebound from the current support level to avoid further capitulation towards $1.5k in the coming weeks. Additionally, the ETH/BTC pair has been retesting a crucial support level of around 0.023 in the past week, which could incubate bullish sentiment in the near future.

结果，以太价格必须从目前的支持水平反弹，以避免在接下来的几周内进一步投降到1.5k美元。此外，在过去一周中，ETH/BTC对重新测试了至关重要的支持水平，约为0.023，这可能会在不久的将来孵化看涨的情绪。

Silver Lining

一线希望

一线希望

The Ethereum network remains undisputed in the decentralized finance (DeFi) space, with around $45 billion in total value locked (TVL) and over $123 billion in stablecoins market cap. In a bid to remain competitive amid the rising adoption of alternative layer one (L1) chains like Solana (SOL), the Ethereum core developers are working on launching the Pectra upgrade soon.

以太坊网络在分散的金融（DEFI）领域中尚未悬而未决，总价值锁定（TVL）约为450亿美元，而Stablecoins市值超过1230亿美元。为了在采用Solana（SOL）等替代第一层（L1）连锁店的提高，以至于以太坊核心开发人员正在努力启动Pectra升级，以保持竞争力。

On Thursday, Tim Beiko, a core developer at Ethereum Foundation, announced the team will launch the third testnet dubbed Hoodi, to better prepare for the Pectra upgrade by at least mid April, 2025.

周四，以太坊基金会的核心开发商蒂姆·贝科（Tim Beiko）宣布，该团队将启动第三个被称为Hoodi的测试网，以便在2025年4月中旬之前为Pectra升级做好准备。