以太坊（ETH）价格下跌使2020年3月坠机事故的幽灵复兴

因此，当资产显示与过去崩溃的令人不安的相似之处时，分析师会保持警惕。以太坊是市场上第二大加密货币，正在看到其价格下跌

The financial markets have their own memory, and cryptocurrencies are no exception. Thus, when an asset shows troubling similarities to a past crash, analysts are put on alert. Ethereum (ETH), the second largest crypto on the market, is seeing its price plunge, which revives the specter of the March 2020 crash. Trader Ted Pillows claims that the current market behavior of ETH almost exactly mirrors the capitulation of that dark period, suggesting a scenario where the asset could drop to as low as 1400 dollars.

金融市场有自己的记忆，加密货币也不例外。因此，当资产显示与过去崩溃的令人不安的相似之处时，分析师会保持警惕。市场上第二大加密货币（ETH）正在看到其价格下跌，这使2020年3月坠机事故的幽灵恢复了。 Trader Ted Pillows声称，ETH的当前市场行为几乎完全反映了该黑暗时期的投降，这表明资产可能会降至1400美元的情况。

This alert is given by a trader and analyst followed by many investors. In a message posted on X (formerly Twitter) on March 2, 2025, he states that “the current capitulation candle of ETH is a nearly identical copy of the March 2020 crash.” He specifies that a floor between 1400 and 1600 dollars is conceivable before any possible rebound.

该警报是由交易员和分析师发出的，其次是许多投资者。在2025年3月2日（以前是Twitter）上发布的一条消息中，他指出：“ ETH当前的投降蜡烛是2020年3月坠机事件的几乎相同的副本。”他指出，在任何可能的反弹之前，都可以想象1400至1600美元之间的地板。

This parallel is not trivial. In March 2020, Ethereum, like the entire crypto market, experienced a brutal collapse amid a backdrop of global financial panic. Pillows’ observation is based on a technical analysis of charts: the same liquidation patterns are observed, suggesting an unfinished bearish dynamic. If the comparison holds, a new phase of decline could shake the market in the coming days or weeks.

这个平行并不小。 2020年3月，与整个加密货币市场一样，以太坊在全球金融恐慌的背景下经历了残酷的崩溃。枕头的观察基于图表的技术分析：观察到相同的清算模式，表明未完成的看跌动态。如果比较得以实现，那么在未来几天或几周内，新的下降阶段可能会动摇市场。

This scenario contrasts with optimistic predictions that see ETH bouncing back to 3000 dollars, a level it briefly touched in early February before encountering strong selling pressure. However, this anticipated drop could take the asset back to critical price points last seen during the 2020 bear market.

这种情况与乐观的预测形成鲜明对比的是，ETH弹跳回到3000美元，这是2月初短暂触及的水平，然后遇到了强大的销售压力。但是，预期的下降可能会使资产恢复到2020年熊市中最后一次出现的关键价格点。

Despite this pessimistic short-term scenario, Ted Pillows shows a certain optimism about Ethereum’s long-term trajectory. He highlights that “ETH will reach 10,000 dollars during this cycle,” which would represent a 530% increase from its current price of around 1880 dollars.

尽管这种悲观的短期情景，泰德枕头对以太坊的长期轨迹表现出了一定的乐观情绪。他强调说，“ ETH将在此周期中达到10,000美元”，这将比目前的1880美元左右增加530％。

However, this bullish forecast relies solely on technical indicators and does not take into account fundamental elements that could weigh on the asset’s valuation. Indeed, Ethereum is currently facing massive outflows from ETH ETFs, amounting to 22 million dollars. The iShares Ethereum Trust from BlackRock (NYSE:BLK), which was supposed to be a growth catalyst, is paradoxically one of the hardest hit.

但是，这种看涨的预测仅依赖于技术指标，并且没有考虑可能权衡资产估值的基本要素。确实，以太坊目前正面临ETH ETF的大量外流，总计2200万美元。本来应该是生长催化剂的贝莱德（NYSE：BLK）的iShares以太坊信任是矛盾的是，这是受欢迎的受损之一。

Recent decisions by the Ethereum Foundation, such as the overhaul of its governing structures and its increased reliance on DeFi protocols like Aave (CRYPTO:AAVE), indicate an attempt at strategic repositioning. However, will these internal adjustments be enough to reassure investors as competing blockchains continue to gain ground?

以太坊基金会的最新决定，例如对其管理结构的大修及其对诸如AAVE（加密：AAVE）之类的DEFI协议的依赖，这表明试图进行战略性重新定位。但是，随着竞争区块链的继续取力，这些内部调整是否足以使投资者放心？

Ethereum is currently walking a tightrope in the crypto market. On one side, technical analysis points to a risk of decline, which could bring ETH back to critical levels. On the other side, optimistic predictions see this drop as a simple step before a rebound to new highs.

以太坊目前正在加密货币市场上行走。一方面，技术分析表明有下降的风险，这可能会使ETH重新恢复到关键水平。另一方面，乐观的预测将这一下降视为一个简单的步骤，然后反弹到新的高点。

The central question remains Ethereum’s ability to overcome selling pressure and enhance its attractiveness against competition. Such a dynamic from ETFs, the strategic choices of the foundation, and the overall market sentiment will be key elements in determining whether this anticipated drop marks the end of a bull cycle or the last opportunity to buy before a historic surge.

中心问题仍然是以太坊克服销售压力并增强其对竞争的吸引力的能力。 ETF的这种动态，基金会的战略选择以及整体市场情绪将是确定这种预期的下降是否标志着牛周期的终结还是在历史激增之前购买的最后机会。