ETH 合并加剧 ETH 安全担忧，现货 ETF 希望陷入困境

以太坊合并后，SEC 主席 Gensler 将 ETH 标记为一种证券，因为它过渡到了权益证明 (PoS)。这种分类增加了 ETH 现货 ETF 市场未来的不确定性，分析师 Eric Balchunas 估计，尽管缺乏积极迹象，但获得批准的可能性为 25%。然而，人们对 ETH 现货 ETF 的希望依然存在，这使得 ETH 受到市场相关新闻和讨论的影响。

Ethereum Merge Implications for ETH Security Classification and Spot ETF Prospects

以太坊合并对 ETH 安全分类和现货 ETF 前景的影响

Following the Ethereum Merge's transition to Proof-of-Stake (PoS), SEC Chair Gary Gensler has designated ETH as a security. This classification has cast uncertainty over the future of an ETH-spot exchange-traded fund (ETF) market.

在以太坊合并过渡到权益证明 (PoS) 后，SEC 主席加里·詹斯勒 (Gary Gensler) 指定 ETH 作为一种证券。这种分类给 ETH 现货交易所交易基金 (ETF) 市场的未来带来了不确定性。

Despite the SEC's classification, optimism for an ETH-spot ETF approval persists, albeit with tempered expectations. Eric Balchunas, an ETF analyst at Bloomberg Intelligence, maintains a 25% probability of approval but acknowledges a lack of positive signals or concrete engagement from regulators.

尽管 SEC 做出了分类，但对 ETH 现货 ETF 批准的乐观情绪依然存在，尽管预期有所减弱。彭博资讯 (Bloomberg Intelligence) 的 ETF 分析师埃里克·巴尔丘纳斯 (Eric Balchunas) 维持了 25% 的批准概率，但承认监管机构缺乏积极信号或具体参与。

Previously, Gensler cautioned against interpreting the SEC's approval of Bitcoin-spot ETFs as a harbinger of broader approval for crypto-spot ETFs. Nevertheless, hopes for an ETH-spot ETF market remain alive, exposing ETH to market-related news and commentary.

此前，Gensler 警告不要将 SEC 对比特币现货 ETF 的批准解释为加密货币现货 ETF 获得更广泛批准的先兆。尽管如此，人们对 ETH 现货 ETF 市场的希望仍然存在，使 ETH 受到市场相关新闻和评论的影响。

Technical Analysis

技术分析

Bitcoin Analysis

比特币分析

BTC remains above its 50-day and 200-day exponential moving averages (EMAs), reinforcing bullish price momentum. A breakout above Tuesday's high of $71,570 would potentially propel BTC towards its March 14 all-time high (ATH) of $73,808. A decisive move beyond this level could inspire further bullish sentiment, targeting $75,000.

BTC 仍高于 50 天和 200 天指数移动平均线（EMA），增强了看涨价格势头。突破周二高点 71,570 美元可能会推动 BTC 升至 3 月 14 日历史高点 (ATH) 73,808 美元。突破该水平的决定性举措可能会激发进一步的看涨情绪，目标为 75,000 美元。

ETF market flow data remains a key focus on Wednesday. However, a decline below the $69,000 support level could invite a bearish push towards $64,000.

ETF 市场流量数据仍然是周三的主要焦点。然而，跌破 69,000 美元的支撑位可能会导致看跌推向 64,000 美元。

The 14-day relative strength index (RSI) reading of 60.06 indicates that BTC has room to regain its ATH before entering overbought territory.

14 天相对强弱指数（RSI）读数为 60.06，表明 BTC 在进入超买区域之前还有恢复 ATH 的空间。

Conclusion

结论

While the SEC's classification of ETH as a security presents challenges for spot ETF approval, the possibility of regulatory acceptance lingers. The technical outlook for BTC remains positive, with potential for further upside if it sustains its current momentum.

尽管 SEC 将 ETH 归类为证券对现货 ETF 批准提出了挑战，但监管机构接受的可能性仍然存在。比特币的技术前景依然乐观，如果维持目前的势头，还有进一步上涨的潜力。