在市场动荡中，以太坊能否守住 3,200 美元的支撑位？

Will Ether's $3,200 Support Hold Amidst Market Volatility?

在市场波动的情况下，以太坊能否守住 3,200 美元的支撑位？

Ether (ETH) has taken a hit after encountering resistance at $4,100 on March 12. Over the past week, it's dropped 9%, underperforming the broader crypto market. Traders are wondering if the current support level of $3,200 will hold. For context, the total cryptocurrency market capitalization fell by 2.5% during the same timeframe.

以太坊 (ETH) 在 3 月 12 日遇到 4,100 美元阻力后遭受重创。过去一周，它下跌了 9%，表现逊于更广泛的加密货币市场。交易者想知道当前 3,200 美元的支撑位是否能守住。就背景而言，加密货币总市值在同一时间段内下降了 2.5%。

Could a Spot Ether ETF Be a Catalyst?

以太币现货 ETF 能否成为催化剂？

Bulls are pinning their hopes on the potential approval of a spot Ether exchange-traded fund (ETF). The U.S. Securities and Exchange Commission (SEC) is reviewing the matter, with a decision expected by May 23. However, Bloomberg senior ETF analyst James Seyffart isn't optimistic about approval.

看多者将希望寄托在现货以太币交易所交易基金（ETF）的潜在批准上。美国证券交易委员会 (SEC) 正在审查此事，预计将于 5 月 23 日做出决定。不过，彭博社高级 ETF 分析师 James Seyffart 对获得批准并不乐观。

Ethereum Upgrades: A Boost or Not?

以太坊升级：是否有所提升？

Recent upgrades to the Ethereum protocol, such as the Dencun hard fork, aim to improve scalability and layer-2 data processing. This has led to a surge in volumes for Arbitrum, Optimism, and Base, reducing transaction fees.

最近对以太坊协议的升级，例如 Dencun 硬分叉，旨在提高可扩展性和第 2 层数据处理。这导致 Arbitrum、Optimism 和 Base 的交易量激增，从而降低了交易费用。

Are Layer-2 Solutions Enough to Counter Competitors?

Layer-2 解决方案足以对抗竞争对手吗？

While these upgrades benefit the Ethereum ecosystem, competitors like BNB Chain (BNB) and Solana (SOL) offer lower transaction fees at the base layer. DappRadar reports a 57% increase in decentralized application (DApps) volumes on Solana over the last week.

虽然这些升级有利于以太坊生态系统，但 BNB Chain (BNB) 和 Solana (SOL) 等竞争对手在基础层提供较低的交易费用。 DappRadar 报告称，上周 Solana 上的去中心化应用程序 (DApp) 数量增加了 57%。

Regulatory Headwinds: A Threat to Ether's Price?

监管阻力：对以太坊价格的威胁？

Bearish sentiment is growing due to the increasingly complex regulatory environment in the U.S. The SEC is reportedly investigating companies for possible connections with the Ethereum Foundation, aiming to classify Ether as a security. This probe has raised concerns about the potential denial of spot Ether ETF applications.

由于美国监管环境日益复杂，看空情绪正在加剧。据报道，美国证券交易委员会正在调查公司与以太坊基金会的可能联系，旨在将以太币归类为证券。此次调查引发了人们对以太坊 ETF 现货申请可能被拒绝的担忧。

Are Traders Getting Bearish on Ether?

交易者正在看空以太币吗？

To gauge professional traders' sentiment, let's examine the ETH options 25% delta skew. A positive skew indicates anticipations of a price drop, while a negative skew reflects bullish sentiment. The ETH options 25% skew has risen from 0% to 5% since March 21, suggesting some caution towards the $3,200 support level. However, it's worth noting that despite Ether's 11% correction over a week, the skew metric remains in neutral territory.

为了衡量专业交易者的情绪，让我们检查一下 ETH 期权 25% 的 Delta 偏差。正偏态表明价格下跌的预期，而负偏态则反映看涨情绪。自 3 月 21 日以来，ETH 期权 25% 偏度已从 0% 上升至 5%，这表明对 3,200 美元支撑位持谨慎态度。然而，值得注意的是，尽管以太坊在一周内回调了 11%，但偏差指标仍处于中性区域。

Ethereum's Dominance: A Saving Grace?

以太坊的统治地位：拯救之恩？

Despite the recent price setbacks, the Ethereum network remains dominant in terms of deposits, with a total value locked (TVL) of $94 billion. BlackRock's launch of a tokenized asset fund on Ethereum further solidifies the network's prominence.

尽管最近价格下跌，但以太坊网络在存款方面仍然占据主导地位，锁定总价值 (TVL) 为 940 亿美元。贝莱德在以太坊上推出代币化资产基金进一步巩固了该网络的地位。

Conclusion: Will Ether's Support Break?

结论：以太币的支撑会被打破吗？

Given the regulatory headwinds and market volatility, the question remains whether Ether's support at $3,200 will hold. The potential approval of a spot Ether ETF and the impact of Ethereum upgrades will be key factors to watch. However, the network's dominance and the lack of intense bearish sentiment suggest that a break in support may not be imminent.

考虑到监管阻力和市场波动，以太币 3,200 美元的支撑位是否能守住仍是一个问题。以太币现货 ETF 的潜在批准以及以太坊升级的影响将是值得关注的关键因素。然而，该网络的主导地位和缺乏强烈的看跌情绪表明支撑可能不会很快被打破。