随着网络活动减慢，以太坊（ETH）价格下降到2020年。

以太坊（Ethereum）是市场价值的第二大加密货币，正在经历粗糙的局面。根据加密货币的加密交易者Egyhash的说法

The second-largest cryptocurrency, Ethereum (CRYPTO: ETH), has been struggling lately as network activity slows, putting the cryptocurrency in a difficult position, EgyHash from CryptoQuant noted.

CryptoFunt的Egyhash指出，第二大加密货币以太坊（Crypto：ETH）最近一直在挣扎，因为网络活动会减慢，使加密货币处于困难位置。

This comes as Bitcoin (CRYPTO: BTC) has begun to recover, but Ethereum’s performance has fallen to levels last seen in 2020, which could lead to a 91% price crash, the analyst stated.

分析师说，这是因为比特币（Crypto：BTC）已经开始恢复，但是以太坊的性能已降至2020年的最后水平，这可能导致价格崩溃91％。

According to the analyst, the main problem is the declining network activity. Since the beginning of the year, the number of active addresses has been dropping steadily, leading to lower transaction fees, which are crucial for Ethereum’s value.

根据分析师的说法，主要问题是网络活动的下降。自今年年初以来，活动地址的数量一直在稳步下降，导致交易费用降低，这对于以太坊的价值至关重要。

This is confirmed by blockchain data, which shows that the average transaction fee and block fee have hit record lows, making Ethereum less profitable for validators and ultimately weakening its ecosystem.

区块链数据证实了这一点，该数据表明，平均交易费用和阻止费用达到了创纪录的低点，从而使以太坊对验证者的利润降低，最终削弱了其生态系统。

As investors grow increasingly uneasy, large investors, or whales, have sold 760,000 ETH—worth about $1.42 billion—in just two weeks, according to Santiment.

根据Santiment的说法，随着投资者的成长越来越不安，大型投资者或鲸鱼已经出售了760,000 ETH（约14.2亿美元），在短短两周内。

This marks a 63.8% decrease in whale activity over the last five weeks, which is a worrying sign. If big investors continue to sell, it could put more downward pressure on Ethereum and lead to a major sell-off.

这标志着过去五周的鲸鱼活动减少了63.8％，这是一个令人担忧的迹象。如果大型投资者继续出售，它可能会对以太坊造成更大的向下压力，并导致重大抛售。

Furthermore, Ethereum’s deflationary mechanism, which burns transaction fees to reduce supply, has weakened due to lower network activity. Since the Dencun upgrade, the burn rate has dropped to its lowest level since Ethereum switched to proof-of-stake.

此外，由于网络活动降低，以太坊的放流机制燃烧交易费用以减少供应。自Dencun升级以来，自Ethereum切换到股份证明以来，燃烧率已下降到最低水平。

This has increased supply and added inflationary pressure, which could hurt the price even further.

这增加了供应并增加了通货膨胀压力，这可能会进一步损害价格。

EgyHash concludes that unless network activity and transaction fees pick up, Ethereum will struggle to maintain its value. If inflation keeps rising faster than demand, the price could stay under pressure for a long time.

Egyhash得出的结论是，除非获得网络活动和交易费用，否则以太坊将难以维持其价值。如果通货膨胀率的增长速度快于需求，那么价格可能会长期以来一直在压力下。

Crypto analyst Ali Martinez has raised alarms about a potential Ethereum collapse against Bitcoin. Based on the ETH/BTC chart, Martinez predicts that Ethereum could drop by 91% if a bearish pattern plays out.

加密分析师阿里·马丁内斯（Ali Martinez）对对比特币的潜在以太坊崩溃发出了警报。基于ETH/BTC图表，马丁内斯预测，如果看跌模式发挥作用，以太坊可能会下降91％。

According to Martinez, when flipped upside down, the chart reveals a double-top pattern, which often signals a major decline. If this pattern holds, ETH/BTC could fall to 0.0020 BTC.

根据马丁内斯（Martinez）的说法，当颠倒过来时，该图表显示出双顶模式，这通常标志着大幅下降。如果这种模式成立，则ETH/BTC可能会降至0.0020 BTC。

Right now, Ethereum is trading at 0.02153 BTC ($1,766). A drop to 0.0020 BTC would be devastating for holders.

目前，以太坊的交易价格为0.02153 BTC（1,766美元）。对于持有人来说，下降到0.0020 BTC将是毁灭性的。

However, there is still a chance for a rebound. If Ethereum manages to hold above the $1,800 support level and starts recovering like Bitcoin, it could push past the $1,900 and $1,950 resistance levels.

但是，仍然有机会反弹。如果以太坊设法超过1,800美元的支持水平并开始像比特币一样恢复，则可能会超过1,900美元和1,950美元的电阻水平。

Ultimately, Ethereum is at a critical point. Its future will depend on whether network activity improves and investor confidence returns. Until then, the risk of further losses remains high.

最终，以太坊处于关键点。它的未来将取决于网络活动是否改善和投资者的信心回报。在此之前，进一步损失的风险仍然很高。

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