美国总统唐纳德·特朗普（Donald Trump）的关税和缺乏短期催化剂正在煽动市场观察家的谨慎

认为以太坊的以太（ETH）可能会受到特别影响。

Fresh U.S. tariffs and a lack of near-term catalysts prompted market watchers to sound the alarm, especially for Ethereum’s ether (ETH) token, while bitcoin remained little changed Monday.

新鲜的美国关税和缺乏近期催化剂促使市场观察者发出警报，尤其是对于以太坊的以太（ETH）令牌，而比特币周一几乎没有改变。

President Donald Trump on Sunday said he will introduce 25% tariffs on all steel and aluminum imports into the U.S., over and above existing duties, with reciprocal tariffs later in the week to be applied to all countries. The rhetoric and a spike in inflation expectations could herald bearishness.

唐纳德·特朗普总统周日表示，他将对所有钢铁和铝进口征收25％的关税，以超出现有的职责，并在本周晚些时候对所有国家征收互惠关税。通货膨胀期望的言论和激增可能会使看跌。

Crypto majors clocked minor gains into European afternoon hours Monday, while U.S. futures Dow and S&P 500 were up 0.46% ahead of the New York open. Bitcoin, ether, XRP, Solana’s SOL and dogecoin (DOGE) were up less than 1% in the past 24 hours, as BNB Chain’s BNB lost 4.5% after a Sunday rally.

加密专业的大满贯周一在欧洲下午的小时数中获得了较小的收益，而美国的期货道琼斯指数和标准普尔500指数比纽约公开赛领先0.46％。在过去的24小时内，比特币，以太，XRP，Solana的Sol和Dogecoin（Doge）不到1％，因为BNB Chain的BNB在周日集会后损失了4.5％。

Tariffs introduce economic uncertainty by potentially escalating trade wars, which can lead to market volatility – such events tend to impact bitcoin and the broader crypto market as investors typically pivot from risk assets to safer investments.

关税通过潜在地升级贸易战来引起经济不确定性，这可能导致市场波动 - 这些事件往往会影响比特币和更广泛的加密货币市场，因为投资者通常会从风险资产到更安全的投资中投资。

Some traders say ether could be further impacted as sentiment for crypto fades down, adding to an already tumultuous year for the asset which saw a widely-watched bitcoin-ether ratio drop to 2021, indicating a fallout for ETH and preference for BTC.

一些交易者表示，以太币可能会进一步影响，因为加密货币的情感逐渐消失，这增加了本来已经令人动荡的一年，而该资产的比特币 - 比特币 - 埃克（Bitcoin-Ether）比率降低到2021年，表明ETH的后果和BTC的偏好。

A drop in ETH may further herald bad news for related beta bets such as memecoin dogecoin (DOGE) and Ethereum-based decentralized finance (DeFi) tokens, which tend to mirror the movements of the parent asset.

ETH的下降可能会进一步预示相关的Beta赌注（例如Memecoin Dogecoin（Doge）和以太坊的分散财务（DEFI）代币）的坏消息，这些财务（DEFI）代币倾向于反映父母资产的运动。

“The rise of BTC vs everything else is the most evident in comparison with ETH, which is seeing record short-interest and FUD with the 2nd largest token being down -23% YTD vs a +2.5% gain in BTC,” Augustine Fan, head of insights at SignalPlus, told CoinDesk in a Telegram message.

“与ETH相比，BTC与其他所有方面的兴起最为明显，这是创纪录的短缺和FUD，第二大令牌下跌了-23％YTD，而BTC的增长率为 +2.5％，奥古斯丁粉丝，” SignalPlus的见解负责人在电报消息中告诉Coindesk。

“At the risk of sounding like a broken record, but a lack of Layer 1 catalysts and narrative leadership will likely continue to weigh on Ethereum in the foreseeable future,” agregó Fan.

“冒着听起来像是一张破纪录的风险，但是在可预见的将来，缺乏第一层的催化剂和叙事领导能力可能会继续对以太坊进行权衡。”

“Ethereum has been hit particularly hard as ETH reversed its entire pump from late November last year, unwinding any gains to holders,” said Nick Ruck, director at LVRG Research, in a Telegram message. “Inflation expectations have resulted in traders pricing in only one Federal Reserve interest rate cut this year, which bodes poorly for risk assets like crypto.”

LVRG Research的董事尼克·鲁克（Nick Ruck）在一份Telegram信息中说：“以太坊受到了巨大的打击，因为ETH从去年11月下旬开始扭转了整个泵，向持有人提供了任何收益。” “通货膨胀的预期导致交易者的定价今年仅降低了一个美联储的利率，这对加密货币等风险资产的影响很差。”

In other news, traders at Singapore-based QCP Capital expect crypto markets to flip-flop in the coming weeks as Trump’s words continue to impact markets.

在其他新闻中，总部位于新加坡的QCP Capital的交易者预计加密货币市场将在未来几周内翻倒，因为特朗普的话继续影响市场。

“A feedback loop is emerging – President Trump, highly sensitive to market reactions, is facing a market increasingly calling his bluff. This could embolden him further, adding another layer of volatility,” the firm said in a Monday broadcast message.

“反馈循环正在兴起 - 对市场反应高度敏感的特朗普总统正面临越来越多的市场称呼他的虚张声势。这可能会使他进一步加剧，增加了另一层波动性。”该公司在周一的广播信息中说。

“BTC volatility now skews in favor of puts until April, reflecting a lack of upside catalysts,” it concluded.

它总结说：“现在，BTC的波动率偏向于前锋，直到四月，反映了缺乏上升催化剂。”