以太坊（ETH）可能正在下跌，但这是承诺的转折

Crypto Banter 的主持人兼创始人 Ran Neuner 认为，以太坊可能正在走下坡路，作为一种资产不再具有太大的价值（尽管——剧透警告——这里可能有一个转折）。

Host and founder of Crypto Banter, Ran Neuner, has expressed his belief that Ethereum (ETH) may be headed for a downturn and is no longer a valuable asset (though there’s a twist here – keep reading). This statement comes despite Neuner’s involvement with ETH since the initial coin offering (ICO) days.

Crypto Banter 的主持人兼创始人 Ran Neuner 表示，他相信以太坊（ETH）可能会走向低迷，并且不再是有价值的资产（尽管这里有一个转折 - 继续阅读）。尽管 Neuner 自首次代币发行 (ICO) 以来就参与了 ETH，但仍发表了这一声明。

While Neuner has been accumulating ETH since those ICO days, he also admits to selling a large portion of his ETH for SOL a while back. He attributes his bearish stance on ETH to a combination of technical analysis and fundamentals.

虽然 Neuner 从 ICO 时代起就一直在积累 ETH，但他也承认不久前曾出售过大部分 ETH 来换取 SOL。他将自己对 ETH 的看跌立场归因于技术分析和基本面的结合。

According to Neuner, despite the recent approval of spot Ethereum exchange-traded funds (ETFs) in the United States, the price of ETH has fallen far short of expectations. This is evident in the ETH/USD chart:

Neuner表示，尽管近期美国批准了现货以太坊交易所交易基金（ETF），但ETH的价格却远远低于预期。这在 ETH/USD 图表中很明显：

Neuner also highlights the extremely low sentiment surrounding Ethereum, with one user on platform X stating that no matter what happens in the market, ETH is always down.

Neuner 还强调了围绕以太坊的情绪极低，X 平台上的一位用户表示，无论市场发生什么，ETH 总是下跌。

“bad news = eth downgood news = eth downno news = eth downfud on twitter = eth downno fud on twitter = eth downmarkets good = eth downmarkets not good = eth downeth capitulates = eth downeth ever so slightly up = eth down”

“坏消息 = ETH 下跌好消息 = ETH 下跌没有新闻 = Twitter 上的 ETH 下跌 = Twitter 上的 ETH 下跌没有 FUD = ETH 下跌市场好 = ETH 下跌市场不好 = ETH 下跌 ETH 投降 = ETH 下跌 ETH 略微上涨 = ETH 下跌”

Other X users lamented the low returns they expect from ETH, stating that it gives a 2X return at best, while some compared ETH to Litecoin or Zcash.

其他 X 用户对 ETH 的预期回报率较低表示遗憾，称其最多只能提供 2 倍的回报，而一些用户则将 ETH 与莱特币或 Zcash 进行比较。

Trading Legend Backs Up Neuner’s Thesis on ETHPeter Brandt, a trader since 1975, comes to Neuner’s aid – though he isn’t interested in blockchain technology and focuses more on technical analysis. He claims that Solana is the “clear winner” over Ethereum.

交易传奇支持诺伊纳关于 ETH 的论文彼得·勃兰特 (Peter Brandt) 自 1975 年以来一直是一名交易员，他为诺伊纳提供了帮助——尽管他对区块链技术不感兴趣，而更专注于技术分析。他声称 Solana 是以太坊的“明显赢家”。

He states that ETH loses out due to being “cumbersome, costly, flawed, [and] claims to be decentralized when it’s not.” On the other hand, SOL is “user friendly, [has a] great foundation [and] $SOL should gain 100% on $ETH in months ahead.”

他表示，ETH 之所以失败，是因为“笨重、成本高昂、有缺陷，并且声称是去中心化的，但事实并非如此。”另一方面，SOL“用户友好，[有]良好的基础[并且]$SOL 应该在未来几个月内相对于 $ETH 上涨 100%。”

Brandt responds to those who defend Ethereum and claim it’s “fixing things” by asking why it needs fixing in the first place:

布兰特回应那些捍卫以太坊并声称它正在“修复问题”的人，询问为什么它首先需要修复：

“If you have to keep ‘fixing’ something, it’s inherently flawed to begin with.”

“如果你必须不断地‘修复’某些东西，那么它从一开始就存在固有的缺陷。”

If you made it this far, congratulations, because here’s the promised twist: Neuner concludes from all the negative sentiment and FUD surrounding ETH that if you believe in the fundamentals, you should buy the dip. Though he fundamentally prefers Solana, he also states:

如果你做到了这一步，恭喜你，因为这是承诺的转折：诺伊纳从围绕 ETH 的所有负面情绪和 FUD 中得出结论，如果你相信基本面，你应该逢低买入。尽管他从根本上更喜欢 Solana，但他也表示：

“I still like ETH a lot, but I think it’s fully priced in the best-case scenario for this year. I’m not touching it personally, but if you fundamentally believe in ETH, I think you should be buying this dip.”

“我仍然非常喜欢 ETH，但我认为它的定价完全符合今年最好的情况。我个人不会触及它，但如果你从根本上相信 ETH，我认为你应该逢低买入。”

X user Market Prophit also shares this view, indicating that the “crowd” may be bearish on Ethereum, but “smart money” is bullish.

X用户Market Prophit也同意这一观点，表明“大众”可能看空以太坊，但“聪明钱”看涨。

“$ETH SentimentCROWD = Bearish 🟥MP | #SmartMoney = Bullish 🟩 #EthereumCheck out sentiment and other crypto stats at https://t.co/HQDyBNuzek#crypto #cryptotrading #CryptoXpic.twitter.com/PSoaTgZHVp”

“$ETH 情绪 CROWD = 看跌 🟥MP | #SmartMoney = 看涨🟩 #Ethereum查看情绪和其他加密统计数据 https://t.co/HQDyBNuzek#crypto #cryptotrading #CryptoXpic.twitter.com/PSoaTgZHVp”

Neuner also points out that buyers of ETH ETFs on platform X are largely unfazed by market sentiment, stating that they “just see ETH as a cheaper Bitcoin.”

Neuner 还指出，X 平台上 ETH ETF 的买家基本上不受市场情绪的影响，并表示他们“只是将 ETH 视为更便宜的比特币”。

Michael Saylor, the CEO of MicroStrategy, has revealed that he personally owns over US$1 billion in Bitcoin (BTC). This statement comes following a recent SEC filing by MicroStrategy, which showed that it had sold a portion of its BTC holdings.

MicroStrategy 首席执行官 Michael Saylor 透露，他个人拥有超过 10 亿美元的比特币 (BTC)。该声明是在 MicroStrategy 最近向 SEC 提交的文件显示其已出售部分 BTC 资产后发布的。

Saylor's personal Bitcoin holdings are separate from those held by MicroStrategy, and his statement provides further insight into the executive's bullish stance on the primary cryptocurrency.

Saylor 个人持有的比特币与 MicroStrategy 持有的比特币是分开的，他的声明进一步深入了解了该高管对主要加密货币的看涨立场。

Saylor has been a vocal proponent of Bitcoin and has played a key role in shifting institutional interest toward the cryptocurrency. He is known for his “laser eyes” campaign and his seven principles for how to "fix" money, which he claims BTC achieves.

塞勒一直是比特币的大力支持者，并在将机构兴趣转向加密货币方面发挥了关键作用。他以“激光眼”活动和“修复”货币的七项原则而闻名，他声称 BTC 已经实现了这些原则。

According to Forbes' real-time billionaires list, Saylor's net worth is currently estimated at US$3.2 billion. He cofounded MicroStrategy in s1989 and has led the company's strategy to acquire and hold Bitcoin since August 2020.

根据福布斯实时亿万富翁排行榜，塞勒的净资产目前估计为32亿美元。他于 1989 年共同创立了 MicroStrategy，并自 2020 年 8 月起领导该公司收购和持有比特币的战略。

MicroStrategy's recent SEC filing showed that it had sold 2,151 BTC for an average price of about US$30,300 per coin. The company had booked a pre-tax loss of US$146.6 million on the sale, which was completed during the fourth quarter of 2022.

MicroStrategy 最近向 SEC 提交的文件显示，该公司已售出 2,151 枚 BTC，平均价格约为每枚 30,300 美元。该公司在此次出售中计入了 1.466 亿美元的税前亏损，该出售于 2022 年第四季度完成。

However, at the time of the sale, MicroStrategy still held 132,500 BTC on its balance sheet, acquired at an average price of US$23,985 per coin. This

然而，在出售时，MicroStrategy 的资产负债表上仍持有 132,500 枚比特币，收购价格为每枚币 23,985 美元。这