Ether（ETH）年龄降低了43％，它达到了2025年高点3,744美元，然后下降到目前的1,899美元

Ether（ETH）从毕业生到43％，在2025年高点的售价为3,744美元，然后下跌至目前的1,899美元。

Ether (ETH) price has fallen 43% year-to-date, having hit a 2025 high of $3,744 before dropping to its current level of $1,899.

Ether（ETH）的价格下跌了43％，到了2025年高点3,744美元，然后下跌至目前的1,899美元。

According to CryptoQuant CEO, Ki Young Ju, ether has experienced record levels of active selling over the past three months - the highest in the last five years.

根据CryptoQuant首席执行官Ki Young Ju的说法，Ether在过去三个月中经历了创纪录的积极销售水平，这是过去五年中最高的。

CoinDesk research indicates that the ether-to-bitcoin (ETH/BTC) ratio has declined to a five-year low, and the four-year compound annual growth rate (CAGR) has become negative against bitcoin.

Coindesk的研究表明，以太币与荷币（ETH/BTC）的比率已下降到五年低点，而四年的复合年增长率（CAGR）已对比特币负面。

ETH has only dipped below $1,900 a handful of times since 2020. If you had purchased ether between June 2022 and October 2023, as well as throughout 2020, you would still be in profit at the time of writing.

自2020年以来，ETH仅在几次以下$ 1,900下降了$ 1,900。如果您在2022年6月至2023年10月之间以及在2020年10月之间购买了Ether，那么在撰写本文时，您仍然会获利。

Glassnode data shows that short-term holders (STHs) - those who have held ETH for less than 155 days - are feeling the heat of the recent downturn, with a significant portion now realizing losses. However, long-term holders (LTHs) are also beginning to capitulate, albeit at a smaller scale.

玻璃节数据显示，短期持有人（STH）（STH）（持有ETH少于155天的人）正在感受到最近经济下滑的热量，现在有很大一部分已经意识到损失。但是，尽管规模较小，但长期持有人（LTHS）也开始屈服。

Moreover, the majority of realized losses are being driven by whales who hold 100,000 ETH or more, particularly since February, as per Glassnode data.

此外，大多数已实现的损失都是由持有100,000或更多ETH的鲸鱼驱动的，尤其是自2月以来，按照玻璃节数据。

Here are some key insights from crypto derivatives exchange, Deribla, on the state of ether's options market:

以下是Crypto衍生品交易所Deribla的一些关键见解，在Ether的期权市场上：

* Implied volatility (IV) has dropped to its lowest level in 2025. Despite the recent price downturn, IV is remarkably low, suggesting low levels of fear, uncertainty and doubt (FUD) among traders. Typically, IV rises during periods of high market turbulence and decreases with market stability.

*隐含的波动率（IV）已在2025年下降到其最低水平。尽管最近的价格下降，IV非常低，表明交易者的恐惧，不确定性和怀疑水平较低。通常，IV在高市场湍流期间上升，并且随着市场稳定而下降。

* Higher puts volume than calls. The volume of put options is significantly higher than that of call options. This indicates that traders are currently placing more bearish bets on ether's price movement.

*比调用更高的音量。 PUT选项的数量明显高于呼叫选项。这表明交易者目前正在对Ether的价格变动进行更多的看跌赌注。

* Most popular strike price is $2,000. The $2,000 strike price for ether options is proving to be the most popular among traders, signaling their strong interest in this price point. It remains to be seen whether ether can stage a comeback from its recent lows.

*最受欢迎的打击价格为$ 2,000。事实证明，以太货币期权的2,000美元打击价格在交易者中最受欢迎，这表明他们对这个价格点的兴趣很大。 Ether是否可以从最近的低谷中卷土重来还有待观察。