以太坊暴跌引发警报，引发对市场轨迹的担忧

在市场低迷的背景下，以太坊各项指标不断下滑，过去一周下跌8.65%，24小时内下跌5.90%。跌破 3,460 美元下方的支撑对以太坊多头构成了挑战，分析师阿里·马丁内斯 (Ali Martinez) 预测，如果继续低迷，以太坊可能会跌至 2,850 美元。大多数 ETH 持有者（约 66%）都处于亏损状态，这表明存在进一步的下行风险。内部不确定性，包括据称对以太坊基金会的调查以及对现货以太坊 ETF 的怀疑，也打压了市场情绪。

Ethereum's Downward Spiral Raises Concerns Amid Market Uncertainty

以太坊的螺旋式下降引发市场不确定性的担忧

In a troubling turn of events, Ethereum (ETHUSD) has plummeted amidst a broader market downturn, eroding investor confidence and raising questions about its future trajectory. As of press time, Ethereum has nosedived by 5.90% in the past 24 hours, sinking to $3,338.93. This latest dip has extended its weekly decline to a staggering 8.65%.

令人不安的是，以太坊（ETHUSD）在更广泛的市场低迷中暴跌，削弱了投资者的信心，并引发了对其未来轨迹的质疑。截至发稿，以太坊在过去24小时内暴跌5.90%，跌至3,338.93美元。最近的下跌将其每周跌幅扩大至惊人的 8.65%。

Market analysts have expressed alarm over Ethereum's deteriorating technical indicators, suggesting that the cryptocurrency lacks substantial support along its downward path. Ali Martinez, a renowned market expert, has cautioned that Ethereum's inability to maintain its support at the $3,460 level poses a significant threat to its bulls. Martinez warns that if the downward momentum continues unchecked, Ethereum could potentially plunge to as low as $2,850.

市场分析师对以太坊不断恶化的技术指标表示担忧，表明该加密货币在下行道路上缺乏实质性支撑。著名市场专家 Ali Martinez 警告称，以太坊无法维持 3,460 美元的支撑位，对其多头构成重大威胁。马丁内斯警告说，如果下行势头继续不加遏制，以太坊可能会跌至 2,850 美元。

Martinez's analysis, supported by data from IntoTheBlock (ITB), reveals a precarious situation for Ethereum investors. According to the data, a massive 4.97 million ETH, worth approximately $16.68 billion, is currently in the money (or in profit), representing 33% of the total ETH in circulation. However, the recent price drop has forced 10 million ETH, valued at $33.52 billion, or 66.31% of the circulating supply, out of the money. For Ethereum to regain its profitability equilibrium, its price would need to trade within the tight $3,252.30-$3,352.58 range.

马丁内斯的分析得到了 IntoTheBlock (ITB) 数据的支持，揭示了以太坊投资者的不稳定处境。数据显示，目前有 497 万枚 ETH 处于货币状态（或利润状态），占流通中 ETH 总量的 33%，价值约 166.8 亿美元。然而，最近的价格下跌已迫使 1000 万枚 ETH 被抛售，价值 335.2 亿美元，占流通量的 66.31%。为了使以太坊恢复盈利平衡，其价格需要在 3,252.30 美元至 3,352.58 美元的狭窄区间内交易。

In addition to external market factors, Ethereum is also grappling with its own internal uncertainties. The recent probe into the Ethereum Foundation by an undisclosed state authority has cast a shadow over the project, dampening investor sentiment. Moreover, skepticism lingers regarding the prospects of a spot Ethereum ETF, given the United States Securities and Exchange Commission's (SEC) reported inclination to classify ETH as a security.

除了外部市场因素外，以太坊还面临着自身内部的不确定性。最近，一家未公开身份的国家机构对以太坊基金会进行的调查给该项目蒙上了阴影，削弱了投资者的情绪。此外，鉴于美国证券交易委员会 (SEC) 报告倾向于将 ETH 归类为证券，人们对现货以太坊 ETF 的前景仍持怀疑态度。

While the likelihood of ETF approval has diminished, industry leaders such as BlackRock's Larry Fink remain cautiously optimistic. Fink believes that even if ETH is designated as a security, it would not significantly hinder the chances of ETF approval.

尽管 ETF 获得批准的可能性已经降低，但贝莱德 (BlackRock) 的拉里·芬克 (Larry Fink) 等行业领导者仍保持谨慎乐观的态度。芬克认为，即使 ETH 被指定为证券，也不会显着阻碍 ETF 获得批准的机会。

Despite these glimmers of optimism, Ethereum's current predicament raises serious concerns about its short-term viability. The lack of price support, coupled with regulatory uncertainties, has created an environment of fear and doubt among investors. Whether Ethereum can weather this storm and emerge stronger remains to be seen, but the road ahead looks increasingly challenging.

尽管存在这些乐观的曙光，但以太坊当前的困境引发了对其短期生存能力的严重担忧。缺乏价格支撑，加上监管的不确定性，在投资者中造成了恐惧和怀疑的环境。以太坊能否经受住这场风暴并变得更加强大还有待观察，但未来的道路看起来越来越具有挑战性。