以太坊（ETH）轰然进入2025年，今年能否跑赢比特币（BTC）？

在经历了低迷的 2024 年之后，以太坊迎来了 2025 年的开门红，自年初以来飙升了 13% 以上。这一令人印象深刻的表现重新点燃了投资者的乐观情绪，他们预计 ETH 和更广泛的山寨币市场将迎来牛市。

Ethereum began 2025 with a bang, surging over 13% since the year began. This impressive performance has sparked optimism among investors, who are anticipating a bullish year for ETH and the broader altcoin market.

以太坊在 2025 年伊始就大放异彩，自年初以来飙升了 13% 以上。这一令人印象深刻的表现激发了投资者的乐观情绪，他们预计 ETH 和更广泛的山寨币市场将迎来牛市。

Highlighting ETH’s early strength, top analyst Daan recently shared some interesting data. According to his analysis, ETH tends to perform well during the first quarter, especially in post-halving years, setting the stage for a potential altseason. This historical context bodes well for investors looking at ETH as a promising contender for market dominance in 2025.

顶级分析师 Daan 最近分享了一些有趣的数据，强调了 ETH 的早期强势。根据他的分析，ETH 在第一季度往往表现良好，尤其是在减半后的几年，为潜在的山寨季奠定了基础。对于将 ETH 视为 2025 年市场主导地位的有力竞争者的投资者来说，这一历史背景是个好兆头。

While Bitcoin remains the market leader, Ethereum’s early momentum could pave the way for it to challenge BTC’s dominance this year. The combination of favorable market conditions, improving sentiment, and Ethereum’s strong start suggests that the altcoin leader is set to reclaim its position as a top-performing asset. As the market gears up for what could be a historic year, all eyes are on ETH to see if it can maintain its momentum and outshine Bitcoin.

虽然比特币仍然是市场领导者，但以太坊的早期势头可能为其今年挑战比特币的主导地位铺平道路。有利的市场条件、改善的情绪以及以太坊的强劲开局，这一切都表明，山寨币领导者将重新夺回表现最佳资产的地位。随着市场为历史性的一年做好准备，所有人的目光都集中在 ETH 上，看它是否能保持势头并超越比特币。

Ethereum Shows Strength But Faces Key Challenges

以太坊展现实力但面临关键挑战

Ethereum has entered the new year on a bullish note, sparking optimism among analysts and investors. However, for ETH to confirm a sustained uptrend, it must reclaim and hold last year’s highs. The early signs are promising, with ETH showing a 13% gain since the start of the year.

以太坊以看涨的姿态进入了新的一年，引发了分析师和投资者的乐观情绪。然而，以太坊要想确认持续的上涨趋势，就必须收复并保持去年的高点。早期迹象令人鼓舞，ETH 自年初以来已上涨 13%。

Post-halving years are historically favorable for altcoins, and 2025 appears to be following the trend. Top analyst Daan shared some interesting data, highlighting ETH’s strong start compared to Bitcoin. He notes that ETH is taking an early lead against BTC, supported by positive sentiment and strong seasonality patterns.

从历史上看，减半后的年份对山寨币有利，而 2025 年似乎也遵循了这一趋势。顶级分析师 Daan 分享了一些有趣的数据，强调了 ETH 相对于比特币的强劲开局。他指出，在积极情绪和强劲季节性模式的支撑下，以太坊相对于比特币早盘处于领先地位。

Historically, ETH has performed well in the first quarter of post-halving years, setting the stage for a potential altseason. This historical context gives investors confidence that Ethereum could outshine Bitcoin in the months to come.

从历史上看，ETH 在减半后的第一季度表现良好，为潜在的山寨季奠定了基础。这一历史背景让投资者相信以太坊可能在未来几个月超越比特币。

Daan added that both ETH and BTC are likely to emerge as winners this year, each presenting unique opportunities for growth. For ETH, specifically, reclaiming key levels and maintaining its early momentum will be crucial to meeting these high expectations.

Daan 补充说，ETH 和 BTC 都可能成为今年的赢家，它们都提供了独特的增长机会。特别是对于 ETH 来说，夺回关键水平并保持其早期势头对于满足这些高期望至关重要。

As ETH continues to capitalize on its early lead, the coming weeks will be interesting to watch. With favorable market conditions and a history of strong first-quarter performance, Ethereum is positioned for a potentially groundbreaking 2025. However, it will need to navigate market challenges and prove its resilience to sustain the bullish outlook.

随着 ETH 继续利用其早期领先优势，未来几周将值得关注。凭借有利的市场条件和第一季度强劲表现的历史，以太坊有望在 2025 年实现突破性发展。然而，它需要应对市场挑战并证明其弹性以维持看涨前景。

ETH Tests Key Support

ETH 测试关键支撑位

Ethereum is currently trading at $3,636, testing the critical 4-hour 200 moving average as support. This level is crucial for determining the next phase of ETH’s price action. If the price holds above this moving average in the coming hours, it could signal a strong foundation for a rebound toward higher supply zones, setting the stage for further bullish momentum.

以太坊目前交易价格为 3,636 美元，测试关键的 4 小时 200 移动均线作为支撑。该水平对于确定 ETH 下一阶段的价格走势至关重要。如果价格在未来几个小时内保持在该移动平均线之上，则可能预示着向更高供应区域反弹的坚实基础，为进一步看涨势头奠定了基础。

However, a brief deviation into lower supply zones could still be a healthy move for ETH. If such a dip occurs, it is essential that the price recovers quickly—ideally within a few days—to maintain the bullish outlook. A sustained decline could introduce uncertainty and test investor confidence in Ethereum’s upward trajectory.

然而，短暂偏离供应较低区域对于 ETH 来说仍然是一个健康的走势。如果发生这种下跌，价格必须迅速恢复（最好是在几天之内）以维持看涨前景。持续下跌可能会带来不确定性，并考验投资者对以太坊上涨轨迹的信心。

For the bullish trend to remain intact, ETH must hold firmly above the $3,500 level. This mark serves as a critical support zone, and losing it would risk deeper corrections. On the other hand, reclaiming the $3,900 level is equally important, as it would reinforce the bullish structure and open the door to a larger rally.

为了保持看涨趋势不变，ETH 必须牢牢守在 3,500 美元的水平之上。该标志是一个关键的支撑区域，失去它将面临进一步修正的风险。另一方面，收复 3,900 美元水平同样重要，因为这将强化看涨结构并为更大规模的反弹打开大门。

Featured image from Dall-E, chart from TradingView

精选图片来自 Dall-E，图表来自 TradingView