以太坊（ETH）价格分析：随着公牛难以建立动力，强大的恢复摊位的抵抗力为$ 1600

以太坊本周看到了一次有力的恢复，从1,380美元的低点反弹，在数小时内飙升了21％以上。宏观情绪的暂时转变为集会所推动

The price of Ethereum (ETH) saw a strong recovery this week, rebounding sharply from a $1,380 low and surging over 21% within hours. The rally was fueled by a temporary shift in macro sentiment following US President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China, which remains under a 125% tariff.

以太坊（ETH）的价格本周的恢复强劲，从1,380美元的低点反弹，在几个小时内飙升了21％以上。在美国总统唐纳德·特朗普（Donald Trump）宣布对除中国以外的所有国家的相互关税暂停90天，宏观情绪的暂时转变促成了集会。

The news sparked a relief rally across financial markets, with Ethereum leading the bounce in the crypto sector. However, despite the strong move, ETH is still below key technical levels, and price action is showing signs of consolidation as bulls attempt to build momentum.

这一消息引发了整个金融市场的浮雕，以太坊引发了加密货币领域的反弹。但是，尽管采取了强劲的行动，ETH仍低于关键技术水平，而价格动作仍显示出合并的迹象，因为公牛试图建立动力。

Meanwhile, the broader altcoin market continues to struggle, with sector-wide weakness putting pressure on investor confidence. According to data from Glassnode, all major altcoin sectors have experienced sharp declines in recent months. The correction has been broad-based and highly correlated, offering little in terms of idiosyncratic performance. Even Bitcoin (BTC) and Ethereum—typically seen as the most resilient assets in crypto—have posted negative returns over the same period.

同时，更广泛的山寨币市场继续挣扎，整个部门的疲软给投资者的信心带来了压力。根据GlassNode的数据，最近几个月，所有主要的Altcoin部门都在急剧下降。该校正基于广泛，高度相关，在特质性能方面几乎没有提供。甚至比特币（BTC）和以太坊（通常被视为加密货币中最有弹性的资产）也在同一时期发出了负回报。

As Ethereum enters a consolidation phase, traders are watching closely to see whether this bounce marks the beginning of a sustained recovery or just another short-lived reaction in a broader downtrend.

当以太坊进入合并阶段时，交易者正在密切关注，以查看这种反弹是持续恢复的开始还是在更广泛的下降趋势中只是另一种短暂的反应。

Ethereum Crucial Test As Macroeconomic Headwinds Linger

以太坊至关重要的测试，因为宏观经济逆风持续

Ethereum is once again at a pivotal point in the market, following weeks of intense selling pressure and uncertainty. After plunging to fresh lows, ETH bulls are finally stepping in, attempting to reclaim key levels following a strong bounce from the $1,380 mark.

经过数周的巨大销售压力和不确定性，以太坊再次处于市场上的关键点。跌至新鲜的低点之后，Eth Bulls终于介入，试图在1,380美元的强劲反弹之后恢复关键水平。

The move comes amid heightened volatility across global markets—not just in crypto, but in equities as well—as fears of a global recession and extended trade disputes between the U.S. and China continue to rattle investor sentiment.

这一举动是由于对全球市场的波动不仅在加密货币中，而且在股票中也提高了，因此人们担心全球经济衰退和美国与中国之间的贸易纠纷继续浪费了投资者的情绪。

Despite the bounce, Ethereum remains in fragile territory. The market is clearly divided: some investors see this rebound as the beginning of a recovery, while others caution it could be just a temporary pause in a deeper correction.

尽管反弹，以太坊仍在脆弱的领土上。市场明显分歧：一些投资者将这种反弹视为恢复的开始，而另一些投资者则警告一下，这可能只是更深入的纠正措施。

The macroeconomic environment remains hostile, with U.S. tariffs still posing a major risk to both traditional and digital assets. Earlier this week, the Trump administration announced a 90-day deferral of new tariffs on some goods from China, a move that was largely expected by economists and traders.

宏观经济环境仍然是敌对的，美国关税仍然对传统和数字资产构成主要风险。本周早些时候，特朗普政府宣布对来自中国的某些商品的新税率为期90天，这一举动在很大程度上是经济学家和商人期望的。

However, the administration also said it would be placing a 125% tariff on Chinese-made goods, a move that could have a significant impact on the global economy. The tariffs are part of a broader trade dispute between the two countries, which began in early 2018.

但是，政府还表示，将对中国制造的商品征收125％的关税，这一举动可能会对全球经济产生重大影响。关税是两国之间更广泛的贸易争端的一部分，该贸易始于2018年初。

The trade dispute has been a major source of uncertainty for investors throughout the year, and any escalation could have far-reaching consequences for financial markets. In the meantime, investors will be watching closely to see how the macroeconomic landscape evolves in the coming months.

贸易纠纷是全年投资者的主要不确定性来源，任何升级都可能对金融市场产生深远的影响。同时，投资者将密切关注，以了解未来几个月宏观经济景观的发展。

Glassnode Data Highlights Dire State Of Altcoins In 2020

玻璃节数据突出显示了2020年的替代币状态

According to data from blockchain analytics firm Glassnode, all major altcoin sectors have moved sharply lower in recent months, with most tokens now trading at 2020 lows. The correction has been broad-based and highly correlated, offering little in terms of idiosyncratic performance.

根据区块链分析公司GlassNode的数据，最近几个月，所有主要的Altcoin部门的变化都大大降低，现在大多数令牌的交易价格都达到2020个低点。该校正基于广泛，高度相关，在特质性能方面几乎没有提供。

Even Bitcoin and Ethereum—typically viewed as the strongest assets in crypto—have posted negative returns in the same period, a stark contrast to the stellar gains they realized in 2019.

即使是比特币和以太坊（通常被视为加密货币中最强大的资产），在同一时期的负面回报，与他们在2019年意识到的出色收益形成了鲜明的对比。

As the broader altcoin market continues to struggle, sector-wide weakness could put pressure on investor confidence. Most altcoins have bled out nearly all of the gains they made during the 2019 bull run, plunging to levels last seen in early 2019.

随着更广泛的山寨币市场继续挣扎，整个部门的弱点可能会给投资者的信心带来压力。大多数Altcoins在2019年公牛奔跑中几乎取得了几乎所有的收益，跌至2019年初的最后水平。

The weakness across the altcoin sector is in stark contrast to the performance of Bitcoin, which has managed to hold up better than most other crypto assets. Bitcoin is currently down about 40% from its 2019 highs, while most altcoins have plunged by 60% or more from their peaks.

整个Altcoin行业的弱点与比特币的表现形成鲜明对比，比特币的表现比大多数其他加密资产都更好。比特币目前比其2019年高点下降了约40％，而大多数山寨币的峰值下降了60％或更多。

The weakness in the altcoin sector is likely due to a number of factors, including the ongoing macroeconomic uncertainty, the U.S. trade disputes with China, and the broader weakness in risk assets.

Altcoin部门的弱点可能是由于许多因素，包括持续的宏观经济不确定性，与中国的贸易纠纷以及风险资产的更广泛弱点。

Investors appear to be rotating out of riskier assets and into safer havens such as U.S. Treasury bonds. This shift in investor preference has put pressure on altcoins, which are typically seen as a riskier asset class than Bitcoin or U.S. Treasury bonds.

投资者似乎正在从风险较高的资产中旋转，并进入美国国库券等更安全的避风港。投资者偏爱的这种转变给山寨币施加了压力，而山寨币通常被视为比比特币或美国国库券更风险的资产类别。

The weakness in the altcoin sector could continue in the near term as long as macroeconomic uncertainty persists and investors remain wary of risky assets. However, if there are signs of stabilization in the global economy and a resolution to the U.S.-China trade disputes, then we could see a reversal of this trend.

只要宏观经济不确定性持续下去，并且投资者仍然对风险资产保持警惕，替补币部门的弱点就可以在短期内持续下去。但是，如果全球经济存在稳定的迹象，并解决了美国 - 中国贸易纠纷的决议，那么我们可以看到这种趋势的逆转。

A sustained period of positive macroeconomic news could spark a strong rally in the altcoin sector as investors become more interested in risky assets again.

随着投资者再次对风险资产的兴趣，持续的宏观经济新闻持续一段时期可能会引发Altcoin行业的强烈集会。