当彼得·布兰特（Peter Brandt）讲话时，市场会听。这位自1970年代以来活跃的贸易退伍军人放弃了重磅炸弹

这位自1970年代以来活跃的贸易退伍军人放弃了重磅炸弹

When Peter Brandt speaks, the markets listen. The trading veteran, active since the 1970s, dropped a bombshell on the platform X: “Ethereum is a worthless trash”.

当彼得·布兰特（Peter Brandt）讲话时，市场会听。自1970年代以来活跃的贸易资深人士在平台X上放了一个重磅炸弹：“以太坊是一文不值的垃圾”。

With over 700,000 followers and a reputation built on decades of technical analysis, Brandt is neither a troll nor a maximalist craving attention. His critique directly targets the second-largest crypto on the market, sparking a heated debate within the community and shaking investors’ certainties.

在数十年的技术分析上建立了超过700,000个关注者和声誉，布兰特既不是巨魔，也不是最大程度的关注。他的批评直接针对市场上的第二大加密货币，引发了社区中激烈的辩论，并震惊了投资者的确定性。

A brutal condemnation signed Brandt

一个残酷的谴责签署了布兰特

In a message published on April 14, 2025, Peter Brandt delivered an equally brief and devastating statement: “Ethereum is a worthless trash.”

在2025年4月14日发布的一条消息中，彼得·布兰特（Peter Brandt）发表了同样简短而毁灭性的声明：“以太坊是一文不值的垃圾。”

This comment, published on the social network X (formerly Twitter), immediately ignited discussions. Although Brandt does not detail his reasons in his most recent post, this declaration fits into a critical logic he has expressed in the past.

该评论发表在社交网络X（以前为Twitter）上，立即引发了讨论。尽管布兰特在最近的帖子中没有详细说明他的原因，但该声明符合他过去所表达的关键逻辑。

In November 2024, he already qualified Ethereum as a “completely broken utility token” because at the time he denounced its high usage fees and technical complexity.

在2024年11月，他已经将以太坊合格为“完全破碎的公用事业令牌”，因为当时他谴责其高使用费和技术复杂性。

This attack adds to a series of criticisms that Brandt regularly directs at altcoins, questioning their legitimacy. For the trader, only Bitcoin truly meets the criteria of a durable store of value. Through his successive statements, Brandt points out several weaknesses of Ethereum :

这次攻击增加了布兰特定期指导Altcoins的一系列批评，质疑其合法性。对于交易者而言，只有比特币才能真正符合持久价值存储的标准。通过他的连续陈述，勃兰特指出了以太坊的几个弱点：

This radical stance is not new for Brandt, but its regularity and media reach contribute to maintaining doubt among some investors. His influence on the markets is not insignificant. Thus, even a brief opinion is widely shared within specialized circles and can impact short-term perceptions.

对于勃兰特来说，这种激进的立场并不是什么新鲜事物，但是它的规律性和媒体的影响力有助于保持一些投资者的怀疑。他对市场的影响并不重要。因此，即使是简短的意见也会在专业界中广泛共享，并可能影响短期看法。

Growing tensions around Ethereum

围绕以太坊的紧张局势越来越

The timing of the declaration is not accidental. It comes in a context of prolonged stagnation for ETH, whose price has not surpassed the 4,000-dollar mark in the long term since November 2021.

声明的时机并非偶然。它是在ETH长期停滞的背景下出现的，ETH的价格在2021年11月以来的长期尚未超过4,000美元的成绩。

Brandt, without explicitly mentioning the course, seems to echo this feeling of technical and strategic stagnation perceived by some investors. On social networks, several voices have expressed their frustration at the lack of major technological breakthrough since the “Merge” update, which has thus reinforced the ambient skepticism.

勃兰特在没有明确提及该课程的情况下似乎回应了某些投资者所感知的这种技术和战略性停滞感。在社交网络上，自“合并”更新以来，几种声音对缺乏重大技术突破感到沮丧，因此加强了环境怀疑。

Behind these criticisms emerge questions about the direction taken by Ethereum. While the Pectra update is expected to improve network efficiency, the community remains divided on the priority between scalability and decentralization.

这些批评的背后出现了有关以太坊的方向的问题。虽然预计Pectra更新将提高网络效率，但社区仍然在可伸缩性和权力下放之间的优先级划分。

For some analysts, Brandt’s comments reflect a fundamental tension: the increasing difficulty for Ethereum to reconcile promises of innovation and operational reality. In the short term, this new wave of criticism could strengthen maximalist pro-bitcoin discourse, which would encourage developers to accelerate structural reforms.

对于某些分析师而言，布兰特的评论反映了一种根本的张力：以太坊和调和创新和运营现实承诺的困难越来越大。在短期内，这种新的批评浪潮可以加强最大程度的亲甲币论述，这将鼓励开发商加速结构改革。

However, in the longer term, Ethereum will need to demonstrate that its technological roadmap can meet the expectations of an increasingly demanding market.

但是，从长远来看，以太坊将需要证明其技术路线图可以满足日益苛刻的市场的期望。

If we consider that Brandt’s criticisms are not new, their resurgence in an increasingly fragile context could weigh on the perception of Ethereum in the medium term. For its supporters, the next evolutions of the network will provide the expected answers. However, for others, the current problems (disillusionment, slowness, divisions) rather evoke the beginning of a long cycle of exhaustion. What is certain is that the Ethereum community has no more room for error. It must react quickly, at the risk of losing trust, and therefore value.

如果我们认为勃兰特的批评并不是什么新鲜事物，那么它们在日益脆弱的环境中的复兴可能会在中期对以太坊的看法上进行权衡。对于其支持者，网络的下一个发展将提供预期的答案。但是，对于其他人来说，当前的问题（幻灭，缓慢，分裂）却唤起了漫长的疲惫周期的开始。可以肯定的是，以太坊社区没有更多的错误余地。它必须迅速做出反应，冒失去信任并因此价值的风险。