以太坊分析师认为 Altseason 潜力巨大，因为 BTS 的发展速度仍超过 ETH – 是时候购买山寨币了？

以太坊在突破自八月初以来价格一直低迷的关键阻力位后终于飙升。此举改变了市场情绪

After encountering resistance for several weeks, Ethereum has finally shown signs of life with a strong two-day rally. This move has sparked optimism among investors, especially considering how slowly ETH has been rising compared to BTC and other altcoins.

在遭遇了几周的阻力后，以太坊终于在两天的强劲反弹中显现出生命的迹象。此举引发了投资者的乐观情绪，特别是考虑到与 BTC 和其他山寨币相比，ETH 的上涨速度非常缓慢。

Now, as ETH gains momentum, prominent analysts are sharing their perspectives on the market. One key topic being discussed is the potential for an “Altseason” and how to identify its early stages.

现在，随着 ETH 势头强劲，知名分析师正在分享他们对市场的看法。正在讨论的一个关键话题是“另类季节”的潜力以及如何识别其早期阶段。

According to popular analyst and investor Ali Martinez, the much-anticipated Altseason hasn’t arrived just yet. This stage of the crypto market cycle is typically characterized by altcoins outperforming both Bitcoin and Ethereum in a scenario where capital flows more aggressively into altcoins.

著名分析师兼投资者阿里·马丁内斯 (Ali Martinez) 表示，备受期待的 Altseason 尚未到来。加密货币市场周期的这一阶段的典型特征是，在资本更积极地流入山寨币的情况下，山寨币的表现优于比特币和以太坊。

Usually, Bitcoin outperforms other coins in the initial stages of a bull market, with Ethereum lagging behind BTC but outpacing other altcoins. This dynamic presents an opportunity for investors to enter ETH and select altcoins before the broader market fully shifts its attention.

通常，比特币在牛市的初始阶段表现优于其他货币，以太坊落后于比特币，但超过其他山寨币。这种动态为投资者提供了在大盘完全转移注意力之前进入 ETH 并选择山寨币的机会。

As Ethereum continues to gain steam, many investors are watching for further confirmation of this breakout and anticipating a shift in capital flow direction.

随着以太坊继续获得动力，许多投资者正在关注这一突破的进一步确认，并预计资本流向的转变。

While BTC is still leading the market, this could pave the way for a new phase of altcoin appreciation. As Bitcoin’s price momentum cools, capital may flow more aggressively into altcoins.

虽然比特币仍然引领市场，但这可能为山寨币升值的新阶段铺平道路。随着比特币价格势头降温，资本可能会更积极地流入山寨币。

Ethereum Waking Up: Key Takeaways

以太坊的觉醒：关键要点

Making a remarkable comeback, Ethereum surged over 22% in just two days of strong upward momentum. Despite this impressive performance, key data highlights that Bitcoin is still leading the market, slightly overshadowing Ethereum’s gains.

以太坊强势回归，短短两天强劲上涨势头，飙升超过 22%。尽管表现令人印象深刻，但关键数据表明，比特币仍然领先市场，略微掩盖了以太坊的涨幅。

For savvy investors, this could present a prime opportunity to start accumulating Ethereum and select altcoins before they potentially rally in the next phase of the cycle.

对于精明的投资者来说，这可能是一个绝佳的机会，可以在以太币在周期的下一阶段反弹之前开始积累以太坊并选择山寨币。

Prominent analyst Ali Martinez shared a Glassnode chart that provides valuable insight into the dynamics of Bitcoin and altcoin price performance. This chart features the “Bitcoin Altseason Indicator,” which compares net capital flows between Bitcoin and Ethereum.

著名分析师 Ali Martinez 分享了 Glassnode 图表，该图表提供了有关比特币和山寨币价格表现动态的宝贵见解。该图表采用“比特币 Altseason 指标”，比较比特币和以太坊之间的净资本流动。

According to this indicator, while Ethereum is on the rise, Bitcoin’s net capital change is currently outpacing it. This trend confirms that Altseason hasn’t begun yet.

根据该指标，虽然以太坊正在上涨，但比特币的净资本变化目前超过了它。这一趋势证实了 Altseason 尚未开始。

As Martinez points out, such dynamics are typical for this stage, with Bitcoin usually leading the initial rally and Ethereum following shortly after. Historically, Altseason often arrives once Bitcoin’s price momentum stabilizes.

正如马丁内斯指出的那样，这种动态在这个阶段是典型的，比特币通常引领最初的反弹，以太坊紧随其后。从历史上看，一旦比特币的价格势头稳定，山寨季就会到来。

At that point, capital tends to flow from Bitcoin into high-potential altcoins. Many seasoned investors recognize this part of the cycle as an ideal time to accumulate ETH and strong altcoins at attractive prices before the broader market shifts its focus.

到那时，资本往往会从比特币流向高潜力的山寨币。许多经验丰富的投资者认为，周期的这一部分是在大盘转移焦点之前以有吸引力的价格积累 ETH 和强势山寨币的理想时机。

In the coming weeks, the relationship between BTC and ETH performance will be closely watched, potentially setting up a shift in market sentiment and capital distribution.

未来几周，BTC 和 ETH 表现之间的关系将受到密切关注，这可能会导致市场情绪和资本分配发生变化。

ETH Technical View

ETH技术观点

After encountering resistance at several crucial levels, Ethereum finally managed to break through and close above the 200 MA on the daily timeframe. This bullish development occurred on Friday, following a two-day rally that saw ETH price surging past critical moving averages and setting up for further gains.

在遇到几个关键水平的阻力后，以太坊最终成功突破并收于日线图上的 200 MA 之上。这种看涨的发展发生在周五，此前两天的上涨使 ETH 价格飙升超过了关键移动平均线并为进一步上涨做好了准备。

After breaking below the 200 EMA in early August, ETH price has been trading below both the 200 EMA and 200 MA since then. Now, as ETH trades above both moving averages on the daily chart, bulls are attempting to gain control and push the price higher.

在 8 月初跌破 200 EMA 后，此后 ETH 价格一直低于 200 EMA 和 200 MA。现在，随着 ETH 的交易价格高于日线图上的两条移动平均线，多头正试图获得控制权并推高价格。

On Friday, ETH price surged by over 22% in two days, reaching a high of $2,955. This level marks the 200-day moving average (MA) on the dailyの時間枠チャート. After failing to break above this moving average several times since early August, ETH price finally managed to close above it on Friday.

周五，ETH 价格两天内飙升超过 22%，达到 2,955 美元的高位。该水平标志着每日时间枠チャート 上的 200 日移动平均线 (MA)。自 8 月初以来，ETH 价格多次未能突破该移动平均线，但最终在周五收于该移动平均线上方。

This bullish development signals a potential shift in momentum and could pave the way for further gains in the coming days or weeks. However, some analysts believe that a period of consolidation just below the 200 MA could be beneficial for ETH price in the short term.

这种看涨的发展标志着势头的潜在转变，并可能为未来几天或几周的进一步上涨铺平道路。然而，一些分析师认为，在 200 移动均线下方盘整一段时间可能在短期内对 ETH 价格有利。

This would allow ETH to gather strength for a more sustained rally and avoid overextension, especially considering how quickly it rose to this level without much correction or consolidation.

这将使 ETH 能够积聚力量，实现更持续的反弹，并避免过度扩张，特别是考虑到它在没有太多调整或盘整的情况下上涨到这一水平的速度。

As the market sentiment turns increasingly optimistic with ETH price breaking above key moving averages, many investors are watching this level closely, hoping for a sustained breakout that could propel ETH price to new highs.

随着 ETH 价格突破关键移动平均线，市场情绪变得越来越乐观，许多投资者正在密切关注这一水平，希望持续突破，推动 ETH 价格再创新高。