以太坊兑比特币跌至三年低点，浇灭了人们的希望

以太坊（ETH）兑比特币（BTC）的价值已暴跌至三年来的最低点，达到 0.04872 BTC。这种大幅下跌引发了人们对“逆转”可能性的担忧，即 ETH 的市值超过 BTC。然而，一些分析师认为当前的下跌是一个买入机会，理由是 ETH 兑 BTC 价格突破 0.04880 价格水平后反弹的历史模式。

Ethereum Falls to 3-Year Low Against Bitcoin, Sparking Questions about "The Flippening"

以太坊兑比特币跌至三年低点，引发有关“翻转”的质疑

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has plummeted to its lowest value against Bitcoin (BTC) in three years, raising concerns about its ability to surpass the dominant digital asset in the near future. On April 5th, Barchart reported that ETH/BTC had reached a new low of 0.04872 BTC, marking a significant milestone in the market dynamics between the two cryptocurrencies.

按市值计算的第二大加密货币以太坊（ETH）相对于比特币（BTC）的价值已暴跌至三年来的最低水平，引发了人们对其在不久的将来超越主流数字资产的能力的担忧。 4 月 5 日，Barchart 报告称 ETH/BTC 已触及 0.04872 BTC 的新低，标志着两种加密货币之间市场动态的一个重要里程碑。

This latest downturn is part of a broader downtrend that has been underway since September 2022, when the cryptocurrency market crashed. During the crash, Ethereum suffered a significant drop against Bitcoin, reaching a previous low of 0.04908 BTC.

这次最新的低迷是自 2022 年 9 月加密货币市场崩溃以来一直在发生的更广泛下降趋势的一部分。崩盘期间，以太坊兑比特币大幅下跌，触及此前低点 0.04908 BTC。

The recent decline has raised questions about Ethereum's ability to surpass Bitcoin's market capitalization, an event commonly referred to as "the flippening." Proponents of Ethereum have argued that the network's strong fundamentals and increasing demand could make it a more valuable store of value than Bitcoin in the long run.

最近的下跌引发了人们对以太坊是否有能力超越比特币市值的质疑，这一事件通常被称为“翻转”。以太坊的支持者认为，从长远来看，该网络强大的基础和不断增长的需求可能使其成为比比特币更有价值的价值储存手段。

However, the 3-year low in ETH/BTC has prompted some analysts to question whether "the flippening" is still a realistic possibility. They argue that Ethereum's recent performance suggests that it may not be able to overtake Bitcoin in the foreseeable future.

然而，ETH/BTC 的三年低点促使一些分析师质疑“翻转”是否仍然是现实的可能性。他们认为，以太坊最近的表现表明，在可预见的未来，它可能无法超越比特币。

Despite the bearish sentiment, there are also analysts who see the current low as a buying opportunity. Matt's Investing Journey, a popular trading commentator, expressed optimism on Barchart's post, stating, "Buying opportunities are coming soon."

尽管市场情绪悲观，但也有分析师认为当前的低点是买入机会。受欢迎的交易评论员 Matt's Investing Journey 对 Barchart 的帖子表示乐观，称“买入机会即将到来”。

Historical data provides some support for this optimistic view. Finbold analyzed monthly ETH/BTC charts and found that each time Ethereum has crossed the 0.04880 price level against Bitcoin, it has subsequently rallied to higher levels. This has been evident in key moments for cryptocurrencies, such as April 2017, November 2017, May 2021, and June 2022, when Ethereum experienced significant gains against Bitcoin, rewarding investors who held onto the asset.

历史数据为这种乐观观点提供了一些支持。 Finbold 分析了 ETH/BTC 月度图表，发现每当以太坊兑比特币价格突破 0.04880 价格水平时，它就会随后反弹至更高水平。这在加密货币的关键时刻表现得很明显，例如 2017 年 4 月、2017 年 11 月、2021 年 5 月和 2022 年 6 月，当时以太坊相对于比特币出现了大幅上涨，奖励了持有该资产的投资者。

While the current downtrend provides compelling evidence of Ethereum's recent weakness against Bitcoin, historical indicators suggest that it could potentially outperform Bitcoin in the medium term if the trend reverses. However, investors should be aware that the cryptocurrency market is highly speculative and all investments carry inherent risk.

虽然当前的下跌趋势提供了令人信服的证据，证明以太坊最近相对于比特币表现疲软，但历史指标表明，如果趋势逆转，它可能在中期内跑赢比特币。然而，投资者应该意识到，加密货币市场具有高度投机性，所有投资都带有固有风险。