随着代币化市场升温，以太坊 (ETH) 将于 2025 年实现突破

尽管交易者对在阻力位上方盘整犹豫不决，但 Bitwise 高级投资策略师 Juan Leon 认为，以太坊将在 2025 年实现突破。

Fresh out of the oven, hot off the presses – Ethereum price analysis is here!

刚出炉、热压机——以太坊价格分析就在这里！

After breaching the coveted US $4k (AU $6.3k) milestone a couple of days ago, Ether quickly fell below the resistance level as investors hesitated to consolidate.

在几天前突破令人垂涎的 4000 美元（6300 澳元）里程碑后，由于投资者犹豫是否要盘整，以太坊迅速跌破阻力位。

However, despite the setback, Bitwise Senior Investment Strategist Juan Leon remains bullish on ETH, predicting a breakout in 2025.

然而，尽管遭遇挫折，Bitwise 高级投资策略师 Juan Leon 仍然看好 ETH，预测 2025 年将出现突破。

According to Leon, here’s what’s driving investor interest in Ether right now.

莱昂表示，这就是目前投资者对以太坊感兴趣的原因。

Key points:

要点：

Volume has surged into spot Ether ETFs over the past ten days, totalling US $2 billion.

过去 10 天，以太坊 ETF 现货交易量激增，总计 20 亿美元。

While the coin’s price action has been relatively dull, there is a clear push from institutional investors to gain exposure to Ethereum.

虽然该代币的价格走势相对平淡，但机构投资者明显在推动以太坊投资。

Tokenisation is expected to capitalise on a trillion-dollar market, and Ethereum is well-positioned to benefit.

代币化预计将利用万亿美元的市场，而以太坊则处于有利地位。

Investors Piling Into Spot Ether ETFs

投资者纷纷买入以太坊现货ETF

Leon’s note to investors begins by highlighting a recent burst in volume for Ethereum, specifically in spot Ether ETFs.

Leon 在给投资者的说明中首先强调了近期以太坊交易量的激增，特别是现货以太坊 ETF。

Over the past ten trading days, these ETFs have seen a total of US $2 billion flow into the funds.

在过去的十个交易日里，这些ETF共有20亿美元流入基金。

For context, this is eight times more than the market experienced in the four months prior to December.

就背景而言，这是 12 月之前四个月市场经历的八倍。

Ether’s Price Action, Institutional Interest Setting Up ETH for 2025 Breakout

以太坊的价格走势和机构利益为 2025 年突破奠定了基础

This coin’s price action in the time frame hasn’t been particularly compelling, with Ether falling well shy of its 2021 all-time high of US $4.8k (AU $7.6k).

该代币在这段时间内的价格走势并不是特别引人注目，以太坊的价格远低于 2021 年的历史高点 4800 美元（7600 澳元）。

But there is a clear push from institutional investors to gain at least a little exposure to the project heading into 2025.

但机构投资者明显希望在 2025 年之前至少获得一点对该项目的投资。

Tokenised Funds Can Capture Trillion-Dollar MArket: Will Ethereum be the Network to Capitalise?

代币化基金可以占领万亿美元市场：以太坊会成为资本化网络吗？

According to Leon, tokenisation is the reason why money is once again flowing into Ethereum.

莱昂表示，代币化是资金再次流入以太坊的原因。

The sector has made a big push in the past couple of years, with huge asset managers like BlackRock entering the market with their tokenised Treasury fund, BUIDL.

过去几年，该行业取得了巨大的发展，像贝莱德这样的大型资产管理公司以其代币化国库基金 BUIDL 进入市场。

Bitwise believes this is just the beginning.

Bitwise 相信这只是一个开始。

“As the demand for tokenised funds grows, the network that will stand to benefit the most is the one that can provide the greatest liquidity, security, and efficiency for these tokenised applications,” said Leon.

Leon 表示：“随着对代币化资金的需求不断增长，能够为这些代币化应用程序提供最大流动性、安全性和效率的网络将是受益最多的网络。”

“In this regard, Ethereum has positioned itself as the most battle-tested smart contract platform in the industry, already owning 81% of the tokenisation market share.”

“在这方面，以太坊将自己定位为业内最久经考验的智能合约平台，已经拥有 81% 的代币化市场份额。”

And if tokenisation truly takes off in 2025, which many believe it will, there’s a lot of money ready to flow onto the blockchain, and according to Leon, Ethereum is set to benefit the most.

如果代币化在 2025 年真正起飞（许多人相信它会实现），就会有大量资金准备流入区块链，根据 Leon 的说法，以太坊将受益最大。