以太坊的承诺逐渐消失：经验丰富的交易员看到了阴影

经验丰富的比特币交易员弗雷德·克鲁格（Fred Krueger）预测以太坊的未来黯淡，并列举了生态系统面临的多重挑战。以太坊面临着对以太坊基金会的调查、UniSwap 的监管问题、预期 ETF 的缺乏，以及 NFT 市场兴趣的下降，而 NFT 市场一直是以太坊的重要推动力。来自 Solana 的竞争和“超健全货币”叙事的减弱进一步削弱了以太坊的前景，可能导致人们对数字资产领域的投资策略进行重新评估。

Ethereum's Ascent Decelerates: Seasoned Trader Forecasts Dim Outlook

以太坊的上涨减速：经验丰富的交易员预测前景黯淡

Seasoned Bitcoin (BTC) advocate and seasoned trader, Fred Krueger, issued a sobering forecast for Ethereum (ETH) on Monday, declaring that the "ETH story is dying."

经验丰富的比特币 (BTC) 倡导者和经验丰富的交易员弗雷德·克鲁格 (Fred Krueger) 周一对以太坊 (ETH) 做出了发人深省的预测，宣称“以太坊的故事正在消亡”。

Ethereum's Mounting Obstacles

以太坊的障碍不断增加

Krueger's series of incisive observations, disseminated through his X (formerly Twitter) platform, illuminates a constellation of challenges currently impeding the Ethereum ecosystem. These challenges have the potential to erode the platform's standing within the cryptocurrency market.

克鲁格通过他的 X（以前称为 Twitter）平台传播的一系列深刻观察揭示了当前阻碍以太坊生态系统的一系列挑战。这些挑战有可能削弱该平台在加密货币市场中的地位。

Governance and Regulatory Headwinds

治理和监管阻力

Ethereum's narrative has been marred by an investigation into the Ethereum Foundation, whose details are still unfolding. This probe has raised concerns about the foundation's governance and transparency practices. Compounding this, UniSwap (UNI), a leading decentralized finance (DeFi) platform operating on the Ethereum network, has received a Wells Notice, indicating potential violations of regulatory stipulations.

以太坊的叙述因对以太坊基金会的调查而受到损害，其细节仍在展开。这项调查引发了人们对该基金会治理和透明度实践的担忧。雪上加霜的是，在以太坊网络上运行的领先去中心化金融（DeFi）平台 UniSwap（UNI）已收到 Wells 通知，表明可能违反监管规定。

Delayed ETF Expectations

延迟的 ETF 预期

Diminishing Ethereum's immediate prospects, Krueger highlights the absence of an anticipated Ethereum-based Exchange-Traded Fund (ETF), previously expected to launch in the upcoming month. This development, or lack thereof, has likely dampened the enthusiasm of institutional and retail investors alike.

克鲁格削弱了以太坊的近期前景，强调没有预期的基于以太坊的交易所交易基金（ETF），此前预计该基金将在下个月推出。这种发展或缺乏，可能会挫伤机构投资者和散户投资者的热情。

Shifts in the NFT Market

NFT 市场的变化

The non-fungible token (NFT) market, a significant driver of Ethereum's utility and popularity, is exhibiting signs of stagnation. Enthusiasm appears to be gravitating towards Bitcoin ordinals, potentially signaling a fundamental shift away from Ethereum in the NFT sector, challenging its dominance in this burgeoning market.

不可替代代币（NFT）市场是以太坊实用性和受欢迎程度的重要驱动力，但目前正表现出停滞迹象。人们对比特币序数的热情似乎越来越高，这可能标志着 NFT 领域从以太坊发生根本性转变，挑战其在这个新兴市场的主导地位。

Solana's Competitive Surge

Solana 的竞争激增

Krueger also draws attention to Solana (SOL) as a formidable competitor, "attacking from the left flank." Solana's efficiency and growing adoption in applications once dominated by Ethereum, particularly in sectors prioritizing speed and lower transaction costs, pose a serious threat to Ethereum's market share.

克鲁格还指出索拉纳（SOL）是一个强大的竞争对手，“从左翼进攻”。 Solana 的效率以及在曾经由以太坊主导的应用程序中越来越多的采用，特别是在优先考虑速度和较低交易成本的领域，对以太坊的市场份额构成了严重威胁。

Erosion of Ultra Sound Money Narrative

超音速货币叙事的侵蚀

Perhaps most critical, Krueger declares the demise of the "Ultra Sound Money" narrative—a cornerstone of Ethereum's value proposition since its transition to a proof-of-stake consensus mechanism with the Merge. This narrative positioned Ethereum as a deflationary asset, potentially rivaling Bitcoin's gold-like store of value.

也许最关键的是，克鲁格宣布“超健全货币”叙事的消亡——自以太坊通过合并过渡到权益证明共识机制以来，它一直是以太坊价值主张的基石。这种说法将以太坊定位为一种通缩资产，有可能与比特币类似黄金的价值储存相媲美。

Implications for the Digital Asset Ecosystem

对数字资产生态系统的影响

These developments are poised to be central topics of discussion at Benzinga's forthcoming Future of Digital Assets conference on November 19. Participants will meticulously scrutinize Ethereum's trajectory, dissect regulatory obstacles, and contrast emerging blockchain technologies such as Solana. The conference will serve as a platform for experts to engage in thoughtful discourse on the potential recalibration of investment strategies within the digital asset landscape in light of these challenges.

这些进展将成为 Benzinga 即将于 11 月 19 日召开的数字资产未来会议讨论的中心话题。与会者将仔细审视以太坊的发展轨迹，剖析监管障碍，并对比 Solana 等新兴区块链技术。会议将作为专家们的平台，针对这些挑战，就数字资产领域投资策略的潜在重新调整进行深思熟虑的讨论。