以太坊（ETH）面临对其作为投资的未来的怀疑

以太坊（ETH）对其作为一项投资的未来感到怀疑，莱克·资本（Lekker Capital）创始人奎因·汤普森（Quinn Thompson）甚至称其为“完全死亡”。

The cryptocurrency market has been a hot topic of conversation lately, especially with the recent downturn in prices. Among the coins that are facing doubts about its future as an investment is Ethereum.

加密货币市场最近一直是对话的热门话题，尤其是在最近的价格下降的情况下。在面对其未来作为投资的未来的硬币中，是以太坊。

Lekker Capital founder Quinn Thompson went as far as calling it “completely dead.” He pointed to Ethereum’s falling transaction activity, weak user growth, and declining revenues as major red flags.

Lekker Capital创始人奎因·汤普森（Quinn Thompson）称其为“完全死亡”。他指出，以太坊的交易活动下降，用户增长疲软以及作为主要危险信号的收入下降。

“A $225 billion market cap network that is seeing declines in transaction activity, user growth, and fees/revenues. There is no investment case here. As a network with utility? Yes. As an investment? Absolutely not,” Thompson stated in a March 28 post on X.

汤普森在3月28日在X上的帖子中说：“一个2250亿美元的市值网络正在看到交易活动，用户增长和收入/收入的下降。这里没有投资案例。作为具有实用性的网络？是的。是的。作为一项投资？绝对不是。”

This struggles come after previous predictions of a $10,000 price target by 2025 and a few months ago, ETH reached $4,000 in December, the same time Bitcoin hit $100,000 for the first time.

这种斗争是在先前预测到2025年的10,000美元目标目标的预测之后，而几个月前，ETH在12月达到4,000美元，同时比特币首次达到100,000美元。

However, the broader crypto market downturn has since taken a toll, dragging Ether’s price down. At the time of writing, Ethereum is trading at $1,883.81, reflecting a 1.88% drop in the past 24 hours and a 5.17% decline over the last seven days, according to CoinMarketCap.

但是，此后，更广泛的加密货币市场下滑造成了巨大的损失，从而降低了以太的价格。根据CoinMarketCap的数据，在撰写本文时，以太坊的交易价格为1,883.81美元，反映了过去24小时的1.88％下降，过去7天下降了5.17％。

This downward trend has sparked concern among analysts and investors, especially with Castle Island Ventures partner Nic Carter blaming the downfall on layer-2 networks, which he says are "siphoning value" from the main blockchain.

这种下降趋势引发了分析师和投资者之间的关注，尤其是在城堡风险投资合作伙伴尼克·卡特（Nic Carter）上，责怪第2层网络上的失败，他说这是主要区块链的“虹吸价值”。

"The #1 cause of this is greedy Eth L2s siphoning value from the L1 and the social consensus that excess token creation was A-OK. Eth was buried in an avalanche of its own tokens. Died by its own hand," Carter stated in a recent X post.

卡特在最近的X帖子中说：“这是贪婪的Eth L2S从L1获得的贪婪的siphoning价值，而社会共识表明过多的代币创造是A-OK。

The greed of L2s in siphoning value from L1s and the collective decision that we could mint an infinite supply of tokens to fund projects may have also contributed to this downfall.

L2的L2s的贪婪从L1s和集体决定中，我们可以铸造无限的代币供应给项目资金的供应也可能导致了这一崩溃。

— Nic Carter (@NicCarter_) March 28, 2024

- Nic Carter（@niccarter_）2024年3月28日

The criticism continues as he pointed out that the downfall was self-inflicted by Ethereum due to the creation of an "excessive amount of tokens."

当他指出，由于创造了“过量的令牌”，批评继续被以太坊自我造成。

"We decided we could mint an infinite supply of tokens to fund projects, which in retrospect seems like a strange choice. But anyway, the brisk demand for an object of beauty, utility, and scarcity—and perhaps the last best hope for a sound monetary system—has come to an abrupt end," Carter added.

卡特补充说：“回想起来，我们可以造成无限的代币供应，这似乎是一个奇怪的选择。但是，无论如何，对美容，公用事业和稀缺对象的敏锐需求，也许是对货币制度的最后最大希望，也许是一个突然的终点。”

Furthermore, Standard Chartered has adjusted its price forecast for Ether, slashing its end-of-2025 prediction from $10,000 to $4,000—a sharp 60% reduction. This revision underscores the growing uncertainty surrounding Ether’s ability to recover.

此外，《标准特许》已调整了对以太的价格预测，将其2025年末预测从10,000美元削减到4,000美元，降低了60％。这项修订强调了Ether恢复能力的日益确定性。

As for trader Crypto Bull X, he sees an even bleaker scenario, claiming Ethereum looks "absolutely dead." According to the trader, the support levels are broken, the ETH/Bitcoin chart is weak, and the failure to hold the key moving averages showcases an extended downtrend.

至于Trader Crypto Bull X，他看到了一个平淡无奇的场景，声称以太坊看起来“绝对死了”。根据交易者的说法，支持水平被打破，ETH/BITCOIN图表很弱，并且未能保持关键移动平均值显示出扩展的下降趋势。

"It looks like 2025 may be the final year for ETH as a top-2 crypto. Since 2016, it has held this position, being the 'crypto silver' and the driver of altseason," the trader added.

交易员补充说：“看来2025年可能是ETH作为前2名加密货币的最后一年。自2016年以来，它一直担任该职位，是'加密白银'和Altseason的驾驶员。”

While some traders are fearing that Ether’s position is slipping, others argue that this downturn is temporary and an historical buying opportunity.

虽然一些交易者担心以太的位置正在下滑，但其他人则认为这种低迷是暂时的，并且是历史性的购买机会。

CryptoELITES, a trader bullish on Bitcoin, believes that this is a historic buying opportunity. According to the trader, the recent price action around $1,913 signals the “bottom.”

商人看涨比特币的CryptoElites认为，这是一个历史性的购买机会。根据交易员的说法，最近的价格行动约为1,913美元，标志着“底部”。

According to his analysis, this move completes a rounded-bottom pattern that could set the stage for a powerful parabolic rally. According to CryptoELITES, if the price manages to break through the key resistance zones at $4,000 and $5,000—levels that have posed difficulties for ETH in the past—the next targets are set at $7,000, $9,500, and $12,000.

根据他的分析，这一举动完成了圆形的模式，这可能为强大的抛物线集会奠定了基础。根据CryptoElites的说法，如果价格设法突破了关键的阻力区，为4,000美元和5,000美元，过去对ETH造成了困难的水平，那么下一个目标的定价为7,000美元，9,500美元和12,000美元。

If this rally continues, the trader says that the final resistance to break would be at $15,000—an apex that could lead to a 7x surge from current price levels.

如果这次集会继续进行，交易员说，最终阻力为15,000美元，这是一个顶点，可能会导致当前价格水平的7倍增长。