以太（ETH）下跌超过5％，低于$ 2,600，因为市场衰退会影响加密货币

最大的Altcoin的价格性能使Coindesk 20指数降低了近4％，因为市场低迷也影响了股票市场

The price of ether (ETH) has dropped more than 5.1% over the past 24-hour period to below $2,600, while bitcoin (BTC) is down around 2.9% over the same period to $95,700.

在过去的24小时内，以太（ETH）的价格已下跌了5.1％以下，低于2,600美元，而比特币（BTC）在同一时期降至2.9％左右，降至95,700美元。

The performance pushed down the CoinDesk 20 Index by nearly 4% over the period amid a market downturn that also affected equities markets over U.S. President Donald Trump announcing plans to unveil reciprocal tariffs next week, escalating fears of a trade war with the country’s major trading partners.

该表现使Coindesk 20指数在市场下滑的情况下将Coindesk 20指数降低了近4％ 。

However, ether's underperformance comes amid other factors influencing the cryptocurrency specifically, including its circulating supply having recently risen past pre-Merge levels. The Ethereum Merge — the network's merge with the Beacon Chain that moved it to a Proof-of-Stake (PoS) consensus mechanism — was widely expected to help its supply drop, and it did so for months.

但是，Ether的表现不佳是在影响加密货币的其他因素中出现的，包括其循环供应最近在前合并水平上升。以太坊合并 - 网络与信标连锁店的合并，该链将其转移到了商品证明（POS）共识机制 - 广泛期望有助于其供应下降，并且它确实有几个月。

The trend, however, reversed in April, weeks after the activation of the highly anticipated “Dencun” upgrade. This upgrade went on to suppress the growth of layer-2 networks by reducing their data fees and introduced transaction “blobs,” which helped reduce transaction fees.

然而，这种趋势在激活备受期待的“ Dencun”升级后的几周后逆转。该升级继续通过减少其数据费用并引入交易“ Blobs”来抑制2层网络的增长，这有助于减少交易费用。

Reducing transaction fees on Ethereum has meant that less ether is burned, which in turn reversed the cryptocurrency's supply trend. Since the introduction of EIP-1559 in 2021, every ether transaction has a base fee that gets burned, helping reduce the supply of ETH.

减少以太坊的交易费用意味着较少的醚被燃烧了，这反过来扭转了加密货币的供应趋势。自2021年引入EIP-1559以来，每项以太交易的基本费用都被烧毁，有助于减少ETH的供应。

The reduction in burned ether has seen ETH's supply grow over the last few months to the point its circulating supply has grown by 8,242 ETH since the Merge, data from Ultrasound.money shows.

Ultrasound.Moneys显示，自合并以来，燃烧的以太的减少已经看到ETH的供应在过去的几个月中增长，直到其循环供应量增长了8,242 ETH。

Ether also saw the Securities and Exchange Commission (SEC) recently delay its decision on listing options contracts for BlackRock's iShares Ethereum Trust (ETHA), which could also be weighing on the cryptocurrency's performance.

Ether还看到证券交易委员会（SEC）最近推迟了其在列出贝莱德（BlackRock）的iShares以太坊信托（ETHA）上列出期权合约的决定，这也可能使加密货币的绩效权衡。

Other factors, including a restriction of the Ethereum Foundation and heightened competition from other networks, including Solana, have also been affecting ether, whose value relative to BTC recently dropped to 2021 lows. In a research report, JPMorgan has said ETH lacks a compelling narrative like that of BTC

其他因素，包括限制以太坊基金会和包括Solana在内的其他网络的竞争加剧，也影响了Ether，其相对于BTC的价值最近下降到2021个低点。摩根大通在一份研究报告中说，ETH缺乏像BTC这样的引人入胜的叙述

Despite the bearish performance, analysts have pointed out ether's price is mirroring a pattern it saw before that was followed by renewed bullish momentum. On Friday, Jake Ostrovskis, an OTC trader at crypto market maker Wintermute, told CoinDesk he was seeing “strong over-the-counter demand for ETH.”

尽管表现出看跌，但分析师指出，以ether的价格反映了它在此之前看到的模式，其次是新的看涨势头。周五，加密货币营销商Wintermute的OTC交易员杰克·奥斯特罗夫斯基斯（Jake Ostrovskis）告诉Coindesk，他看到了“对ETH的强烈非处方需求”。

Analysts at Santiment pointed out on social media there has been a drop in the amount of ETH tokens at a profit since they were first mined as bearish sentiment affects the cryptocurrency, which could be a potential setup for a surprise bounce “once crypto markets are able to stabilize.”

Santiment的分析师在社交媒体上指出，自从他们首次被开采时，ETH代币的数量下降了，因为看跌式情绪会影响加密货币，这可能是令人惊讶的反弹的潜在设置。一旦加密市场能够稳定。”