2025 年以太坊 (ETH) 价格预测：ETH ETF 的推出会成为市场推动者吗？

对于市场上最大的加密资产——比特币和以太坊来说，2024 年绝对是里程碑式的一年。前者见证了追踪其价格的交易所交易基金在经过数月不成功的试验后于今年 1 月获得了 SEC 的批准，而矿工因验证区块而获得的奖励也减少了一半。

2024 has been a monumental year for the two largest crypto assets in the market - Bitcoin and Ethereum. While the former saw exchange-traded funds tracking its price receive the green light from the SEC in January after months of failed attempts and the reward received by miners for verifying blocks slashed in half, now, Ethereum is making headlines for its previous exchange-traded fund legality achievement.

对于市场上最大的两种加密资产——比特币和以太坊来说，2024 年是具有里程碑意义的一年。虽然前者看到追踪其价格的交易所交易基金在经过数月的失败尝试后于 1 月份获得了美国证券交易委员会 (SEC) 的批准，并且矿工验证区块所获得的奖励也大幅削减了一半，但现在，以太坊因其之前的交易所交易基金而成为头条新闻。基金合法性成就。

Major investment firms that have been itching to launch investment vehicles tracking it have received the approval after a well-awaited victory, which is expected to be promising for the asset and push its price on an upward trajectory.

一直渴望推出追踪该资产的投资工具的主要投资公司在期待已久的胜利后获得了批准，预计这将为该资产带来希望，并推动其价格走上上涨轨道。

ETH ETFs are now trading within the U.S. market, although the asset's performance doesn't hint at this recent milestone. However, many crypto market experts and analysts keep their hopes high for a recovery and expansions if you look into the Ethereum price prediction 2025. It's just that the broader view is that Ethereum could meet the raised expectations and be impacted by the launch of the ETF backing after some time.

ETH ETF 目前正在美国市场进行交易，尽管该资产的表现并未暗示这一近期的里程碑。然而，如果你研究一下 2025 年以太坊价格预测，许多加密货币市场专家和分析师对复苏和扩张抱有很高的希望。只是更广泛的观点是，以太坊可以满足提高的预期，并受到 ETF 推出的影响一段时间后支持。

Market analyst Grzegorz Drozdz highlights that when looking at Ethereum's price, it's important to remember that the debut of Bitcoin ETFs triggered a price decline of around 18% despite the new capital injections.

市场分析师 Grzegorz Drozdz 强调，在观察以太坊的价格时，重要的是要记住，尽管有新的资本注入，比特币 ETF 的首次亮相还是引发了约 18% 的价格下跌。

Although price performances have demonstrated a somehow similar pattern, market trends are in support of Ethereum over Bitcoin as the ETF debut approaches. A recently launched report by Kaiko, a leading crypto data provider, exhibited shifting market preferences and an inclination toward Ethereum that could send its price to new peaks, overshadowing the crypto king.

尽管价格表现在某种程度上表现出类似的模式，但随着 ETF 首次亮相的临近，市场趋势支持以太坊而不是比特币。领先的加密数据提供商 Kaiko 最近发布的一份报告显示了市场偏好的变化以及对以太坊的倾向，这可能会将其价格推向新的峰值，从而使加密之王黯然失色。

Ethereum could sweat it out, reports show

报告显示，以太坊可能会出汗

Crypto markets have been highly volatile lately, altering specifically since the American watchdog greenlighted ETH ETFs. Investors exhibited positivity and optimism, and the enormous landscape change in spot trading volumes, options, futures, and perpetual contracts stands as proof.

加密货币市场最近一直高度波动，特别是自美国监管机构批准 ETH ETF 以来发生了变化。投资者表现出积极和乐观，现货交易量、期权、期货和永续合约的巨大格局变化就是证明。

As suggested by the research, ETH rejoiced over more volatility rewards compared to BTC. This was mostly generated by the boost in address activity and the positive inclination toward Ethereum of the market sentiment. Recent price movement emphasizes this, as the Ethereum to Bitcoin ratio has supported a positive value, standing at 0.05 from the time the funds launched.

正如研究表明，与 BTC 相比，ETH 因波动性更高而感到高兴。这主要是由于地址活动的增加和市场情绪对以太坊的积极倾向所致。最近的价格走势强调了这一点，因为以太坊与比特币的比率支持正值，自基金推出之日起为 0.05。

The improved ratio posits that Ethereum's price may continue outshining the leader's cost as ETH ETFs continue trading. The journey has just started, so the best way to avoid disappointment is to give the market some time before drawing unshakeable conclusions.

比率的提高表明，随着 ETH ETF 继续交易，以太坊的价格可能会继续超过领先者的成本。旅程才刚刚开始，因此避免失望的最佳方法是给市场一些时间，然后再得出不可动摇的结论。

ETH ETFs could bring good fortune

ETH ETF 可以带来好运

Spot Ethereum exchange-traded funds (ETFs) have long been trading in Canada, European countries, and other places, witnessing approval from the SEC to be transacted in the U.S. only recently. Compared to the situation in Canada, when Ethereum ETFs needed only two months to be approved after the triumph of Bitcoin-based ones, the U.S. investment firms had a longer journey to see their conceptualized investment vehicles go live.

现货以太坊交易所交易基金（ETF）早已在加拿大、欧洲国家等地交易，最近才获得 SEC 批准在美国进行交易。与加拿大的情况相比，以太坊 ETF 在比特币 ETF 取得胜利后只需要两个月就获得批准，而美国投资公司的概念化投资工具的上线需要更长的时间。

Ethereum ETFs may have been released in 2017, two years after the cryptocurrency's launch, but it wasn't until 2019 and 2020 that Canada and Europe saw the compelling debut of each. Investment tools rose to popularity during the crypto bull market in 2021, and 12 such funds were introduced across Canada, Europe, and Brazil.

以太坊 ETF 可能于 2017 年发布，即该加密货币推出两年后，但直到 2019 年和 2020 年，加拿大和欧洲才引人注目地首次亮相。投资工具在 2021 年的加密货币牛市期间大受欢迎，加拿大、欧洲和巴西推出了 12 只此类基金。

This milestone, accompanied by factors like enhanced market sentiment and the crypto market trends, paved the way for the asset to new price points. For instance, the first ETH ETF launched in Canada started trading in April and saw the crypto's price rise from around $2,300 to an ATH of nearly $4,200 in the subsequent months. Q3 also started on the right foot, as the $2,500 to $4,800 course was smooth. The asset began falling the following year, but the massive spikes registered after ETH ETFs went live emphasized investors' excitement concerning ETH investments surrounding such a milestone.

这一里程碑，加上市场情绪增强和加密货币市场趋势等因素，为该资产达到新的价格点铺平了道路。例如，加拿大推出的第一个 ETH ETF 于 4 月份开始交易，在接下来的几个月里，加密货币的价格从 2,300 美元左右上涨到近 4,200 美元。第三季度也取得了良好的开局，从 2,500 美元到 4,800 美元的过程很顺利。该资产在次年开始下跌，但 ETH ETF 上线后出现的大幅飙升凸显了投资者对围绕这一里程碑进行 ETH 投资的兴奋。

Ethereum follows Bitcoin's path after ETF greenlighting

以太坊在 ETF 获批后追随比特币的脚步

Now that we're aware of Ethereum's journey in one of its most important years, it's essential to look at Bitcoin's performance amid such times. Bitcoin may have been launched this year in January in the U.S., but it began exploding in March and reached an ATH of over $73,000, registering a 35% rise. Similarly, Bitcoin only commenced its upward trajectory three months after its ETF launch, jumping from around $51,000 to more than $64,000 during the Canadian rally.

既然我们已经了解了以太坊在其最重要的年份之一的历程，那么有必要关注比特币在这段时期的表现。比特币可能于今年 1 月在美国推出，但从 3 月份开始爆发，最高价格达到 73,000 美元以上，涨幅达 35%。同样，比特币在 ETF 推出三个月后才开始上涨，在加拿大股市上涨期间从 51,000 美元左右跃升至 64,000 美元以上。

After ETFs entered European markets, Bitcoin needed less than six months to breach the $68,000 level. All being well, Ethereum could follow the same pattern as Bitcoin and Bitcoin did after their ETF launches in Canada and Europe, meeting the expectations of many users and experts. So far, it has already improved by 51% since the year's commencement

ETF 进入欧洲市场后，比特币用了不到六个月的时间就突破了 68,000 美元的水平。如果一切顺利，以太坊可以遵循与比特币相同的模式，并且在加拿大和欧洲推出 ETF 后，比特币也可以遵循同样的模式，满足许多用户和专家的期望。到目前为止，自年初以来已经改善了 51%