随着比特币（BTC）的价格尝试反映Gold的抛物线移动

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

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

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.Is the Bottom In Yet?

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ETH ETF问题将连续第三周注册现金流出。

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.

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，与比特币相比，ETH/USD的售价很大。

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

The Ethereum network remains undisputed in the decentralized financial (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 led by 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）领域中尚无定论，总价值锁定（TVL）约为450亿美元，stablecoins市值超过1230亿美元。为了在索拉纳（Solana（Sol））领导的替代第一层（L1）连锁店的提高中保持竞争力，以太坊核心开发人员正在努力启动Pectra升级。

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。