以太坊的价格$ 1 762

以太坊ETH的价格$ 1 762 24H波动率：5.5％的市值：$ 212.86 b卷。 24H：$ 26.72 b

The price of Ethereum (ETH) has been struggling despite a recent broader market recovery. On-chain data from CryptoQuant shows weak network activity, a drop in transaction fees, and inflationary pressure from the Dencun upgrade put downward pressure on Ethereum, hindering its much-anticipated recovery.

尽管最近的市场回收率更广泛，但以太坊（ETH）的价格一直在挣扎。来自加密素养的链上数据显示网络活动较弱，交易费用下降以及Dencun升级的通货膨胀压力对以太坊施加了向下压力，从而阻碍了其备受期待的恢复。

According to CryptoQuant’s analysis, several reasons explain Ethereum’s prolonged market decline. One major factor is the ongoing decline in active addresses, a metric that has been falling since January 2025.

根据加密的分析，有几个原因解释了以太坊的长期市场下降。一个主要因素是主动地址的持续下降，这一指标自2025年1月以来一直在下降。

This decline in users leads to lower demand for the digital asset, slowing down overall network activity. Another concerning issue is Ethereum’s transaction fees, which have hit record lows. On-chain data reveals that the average fees per transaction and block have been at their weakest since the “Ethereum Merge.”

用户的这种下降导致对数字资产的需求降低，从而减慢了整体网络活动。关于问题的另一个问题是以太坊的交易费用，它已经达到了创纪录的低点。链上数据表明，自“以太坊合并”以来，每笔交易和块的平均费用一直处于最弱状态。

Since Ethereum relies heavily on fees to power its burn mechanism, this decline has reduced the amount of ETH removed from circulation. Reports indicate that Ethereum’s inflation rate has increased with the burn rate at its lowest point since the Merge, adding more pressure to the price.

由于以太坊在很大程度上依靠费用来为其燃烧机制供电，因此这种下降减少了从循环中删除的ETH量。报告表明，以太坊的通货膨胀率随着合并以来的最低点的燃烧率而增加，从而增加了价格的压力。

Many experts believe that introducing the Dencun upgrade in 2024 was supposed to help the Ethereum ecosystem by making transactions cheaper, especially for layer-2 networks.

许多专家认为，在2024年引入Dencun升级应该通过使交易更便宜，特别是对于第2层网络来帮助以太坊生态系统。

However, one of the recurring side effects of this update is the reduced burning of ETH. This has led to a higher supply of Ethereum than demand. This situation has worsened Ethereum’s inflationary outlook, contributing to the price downturn.

但是，此更新的反复副作用之一是燃烧的燃烧减少。这导致以太坊的供应量高于需求。这种情况加剧了以太坊的通货膨胀前景，导致了价格下跌。

Another important factor affecting Ethereum’s price is the lack of excitement in the derivatives market. Ethereum Perpetual futures funding rates have stayed neutral since March 31, showing that traders are not betting on a significant price move.

影响以太坊价格的另一个重要因素是衍生品市场缺乏兴奋。自3月31日以来，以太坊永久性期货融资率一直保持中立，这表明交易者没有押注重大的价格转移。

Ethereum Ecosystem Updates

以太坊生态系统更新

Ethereum’s price has been down 44% year-to-date, and derivative metrics suggest that traders are not optimistic. Metrics show little confidence in a strong short-term recovery, as evident in the premium on Ether futures compared to spot markets.

以太坊的价格下跌了44％，衍生品指标表明交易者不乐观。与现货市场相比，指标对强劲的短期恢复几乎没有信心，这在以太期货的溢价中很明显。

Ethereum spot ETFs have recorded net outflows of $37 million in the past two weeks, suggesting that institutional interest has weakened. Unlike BTC spot ETFs, ETH has struggled to move investors to push more funds to the cryptocurrency network.

在过去的两周中，以太坊现场ETF记录了3,700万美元的净流出，这表明机构的利益削弱了。与BTC现场ETF不同，ETH努力将投资者推向加密货币网络。

Ethereum Price Outlook and Analysis

以太坊价格前景和分析

Ethereum’s stablecoin holdings are close to an all-time high of $124.5 billion, with $49 billion in total value locked (TVL). This shows a strong potential for ETH adoption, especially as new use cases like structured products and advanced DeFi applications emerge.

Ethereum的Stablecoin持有量接近历史最高的1,245亿美元，总价值锁定为490亿美元（TVL）。这表明了ETH采用的强大潜力，尤其是随着结构化产品和高级DEFI应用的新用例出现。

Meanwhile, Ethereum’s future price movement will depend on whether network activity picks up again. With low fees, a weak burn rate, and traders staying on the sidelines, ETH remains under pressure. However, sentiment in the crypto market can shift quickly.

同时，以太坊的未来价格变动将取决于网络活动是否再次获得。费用低，燃烧率较弱，而交易者则停留在场外，ETH仍处于压力下。但是，加密货币市场中的情绪可能会迅速转移。

Ethereum’s price could see a sharp rebound if investors regain confidence or if positive catalysts emerge. Until then, the market remains in a waiting mode.

如果投资者恢复信心或阳性催化剂的出现，以太坊的价格可能会看到急剧的反弹。在此之前，市场仍处于等待模式。

CoinMarketCap data shows Ethereum trading at $1,793.58, down by 4.19%. Despite this, it remains the second-largest cryptocurrency, with a 67.24% increase in trading volume over the last 24 hours.input: A judge in the U.S. state of Delaware has ruled that cryptocurrency exchange Binance can proceed with its bid to acquire bankrupt crypto hedge fund Three Arrows Capital (3AC) assets.

CoinMarketCap数据显示，以太坊交易的价格为1,793.58美元，下降了4.19％。尽管如此，它仍然是第二大加密货币，在过去24小时内，交易量增加了67.24％。输入：美国特拉华州的法官裁定，加密货币交换均值可以继续以获取其收购破产的加密货币对套政府的三大股票资本（3AC）Assets的竞标。

The ruling comes after a group of 3AC creditors, including crypto derivatives exchange FTX, argued against the bid, claiming that it was below market value and would prefer to have the assets sold at auction.

该裁决是在包括加密衍生品交易所FTX在内的一组3AC债权人反对竞标的人之后，声称其低于市场价值，并且希望在拍卖会上出售资产。

However, Judge Kevin Miscampell stated that while the creditors had the right to be paid in full, they did not have the right to dictate the terms of the sale. He also noted that 3AC assets had already decreased in value significantly and that a quick sale would be beneficial to all parties involved.

但是，凯文·米斯坎佩尔（Kevin Miscampell）法官表示，尽管债权人有权全额支付，但他们无权决定出售条款。他还指出，3AC资产的价值已经大大下降，快速销售对所有有关方面都是有益的。

Moreover, the judge pointed out that FTX’s own claims against 3AC were still pending and that the exchange would benefit from a speedy resolution to the bankruptcy case.

此外，法官指出，FTX对3AC的主张仍在审理中，交易所将从对破产案件的快速解决方案中受益。

3AC, once a prominent crypto hedge fund, imploded in June 2022 due to massive losses on risky trades. The hedge fund’s collapse triggered a chain reaction of bankruptcies in the industry, including those of crypto lender Voyager Digital and hedge fund Amber Group.

3AC曾经是一个著名的加密对冲基金，由于风险交易的巨大损失，于2022年6月崩溃了。对冲基金的崩溃引发了该行业破产的连锁反应，包括加密贷款人Voyager数字和对冲基金琥珀集团的链条反应。

According to court documents, 3AC owes about $3.1 billion to its creditors. Among the biggest creditors are FTX, which is now bankrupt and has claims of over $460 million, and crypto derivatives exchange BitMEX, which is owed around $270 million.

根据法院文件，3AC欠其债权人约31亿美元。最大的债权人包括FTX，现在已经破产，索赔超过4.6亿美元，而加密衍生品交易所Bitmex则欠了2.7亿美元。

Creditors had proposed selling 3AC’s assets through an auction to maximize their value. However, Judge Miscampell ruled that an auction was not necessary and would only serve to increase the legal fees and delay the case further.

债权人提议通过拍卖来出售3AC的资产，以最大化其价值。但是，Miscampell法官裁定没有必要进行拍卖，并且只会有助于增加法律费用并进一步延迟此案。

Instead, the judge approved Binance’s bid to acquire 3AC’s assets at a discounted price, taking into account

相反，法官批准了Binance以折扣价获取3AC资产的出价