以太坊（ETH）在更广泛的市场上升中面临着充满挑战的时期

市场资本化最大的Altcoin目前正面临着一个充满挑战的时期，因为更广泛的市场上升，比特币和其他资产达到了新鲜的高潮。

The largest altcoin by market capitalization is currently facing a challenging period amid a broader market uptick that has seen Bitcoin and other assets reaching fresh all-time highs.

市场资本化最大的Altcoin目前正面临着一个充满挑战的时期，因为更广泛的市场上升，比特币和其他资产达到了新鲜的高潮。

This week, Ethereum (ETH) dropped to below $1,800, a price point last seen in November 2023. As a result, analysts and investors are weighing in on whether ETH could continue lower and reach a bleak target of $1,250.

本周，以太坊（ETH）下跌至1,800美元以下，这是2023年11月最后一次出现的价格。结果，分析师和投资者正在权衡ETH是否可以继续降低并达到惨淡的目标，而目标的惨淡目标为1,250美元。

In 2021, Ethereum was in the midst of a remarkable rally, approaching the $5,000 mark and sparking conversations about the ‘flippening’—the hypothetical event where ETH would overtake Bitcoin to become the leading cryptocurrency by market cap. However, looking ahead through the lens of early 2025, such a scenario seems highly unlikely.

在2021年，以太坊正处于一个非凡的集会之中，接近了5,000美元的成绩，并引发了有关“幻想”的对话，这是一个假设的事件，即ETH将超越比特币成为市场上限的主要加密货币。但是，从2025年初的镜头展开，这种情况似乎很不可能。

After hitting a low of under $1,000 during the 2022 bear market, ETH attempted a comeback but struggled to break through the $4,000 resistance in 2024. Its recent goal to claim that price was thwarted in mid-December, significantly contributing to the market’s current uncertainty.

在2022年的熊市中达到了低于1,000美元的低价后，ETH试图卷土重来，但努力打破2024年的4,000美元抵抗。其最近的目标是声称价格在12月中旬挫败了，这对市场目前的不确定性做出了重大贡献。

As reported earlier this week, Ethereum’s price nosedived, effectively erasing all gains made following political developments including Trump’s presidential election victory. The asset’s trajectory deviated from expectations, with it breaking out of a significant parallel channel, leading analysts like Ali Martinez to forecast a concerning drop to the $1,250 mark, a level not recorded in over two years.

正如本周早些时候报道的那样，以太坊的价格昂贵，有效地消除了包括特朗普总统大选胜利在内的政治发展后的所有收益。该资产的轨迹偏离了预期，它脱离了一个显着的平行渠道，使像阿里·马丁内斯（Ali Martinez）这样的分析师预测下降到$ 1,250，这是两年来未记录的水平。

In the face of this downturn, the behavior of Ethereum’s whale investors paints a contrasting picture. Recent reports indicate a "predominantly bullish" outlook among these large holders. Within just 48 hours, Ethereum whales accumulated a staggering 1.1 million ETH, which amounted to nearly 1% of the total supply, representing a financial commitment of over $2 billion at the time.

面对这种低迷，以太坊鲸鱼投资者的行为描绘了一幅对比的图画。最近的报道表明，这些大持有人的看法“主要是看涨”的前景。在短短48小时内，以太坊鲸鱼积累了惊人的110万ETH，占总供应量的近1％，当时的财务承诺超过20亿美元。

Adding to this bullish narrative, data from Martinez highlighted that whales added more than 420,000 ETH in the subsequent five days, valued at approximately $800 million at current market prices.

马丁内斯（Martinez）的数据加上这种看涨的叙述，强调鲸鱼在随后的五天内增加了超过420,000张ETH，其价值约为8亿美元，目前的市场价格约为8亿美元。

This accumulation could potentially provide support for ETH, alleviating some of the immediate selling pressure on the market. Despite this robust activity from large investors, the impact on ETH’s price has yet to translate into a significant rebound, as the asset remains below the $2,000 threshold.

这种积累可能有可能为ETH提供支持，从而减轻了市场上的一些直接销售压力。尽管大型投资者的这项强大的活动，但对ETH价格的影响尚未转化为重大反弹，因为资产仍低于2,000美元的门槛。

In summary, Ethereum currently grapples with the challenge of a significant price decline while exhibiting strong support from its whale investors. Whether this will ultimately lead to a recovery or further losses remains to be seen as the cryptocurrency market continues to evolve and adapt amidst fluctuating investor sentiment.

总而言之，以太坊目前应对价格下降的挑战，同时表现出鲸鱼投资者的大力支持。随着加密货币市场的不断发展和适应投资者的情绪，这将最终导致恢复还是进一步的损失。