如果比特幣是硬幣市場的皇帝，以太坊是王儲。

這是因為市值僅次於比特幣，據說在使用區塊鏈的各種技術中都是出色的

If Bitcoin is the emperor in the coin market, Ethereum is the crown prince. This is because the market capitalization is second only to Bitcoin and is said to be excellent in various technologies using blockchain such as smart contracts. At one point, it was evaluated that its future growth potential surpassed Bitcoin.

如果比特幣是硬幣市場的皇帝，以太坊是王儲。這是因為市值僅次於比特幣，據說在使用智能合約等區塊鏈的各種技術中都非常出色。在某一時刻，評估其未來的增長潛力超過了比特幣。

Recently, however, Ethereum's rise, which has been quiet for a while, is unusual. In a week, Ethereum surged more than 40%, easily surpassing Bitcoin's rise.

然而，最近，以太坊的崛起已經安靜了一段時間，這是不尋常的。一周內，以太坊飆升了40％以上，很容易超過比特幣的上升。

In particular, investors' attention has been focused on the recent surge as it has been pointed out that it is a reasonable rise in terms of technology or the supply and demand of funds.

特別是，投資者的注意力集中在最近的激增上，因為有人指出，這在技術或資金的供應和需求方面是合理的上升。

In May, Ethereum is recording a particularly high rise compared to other coins amid a warm wind in the coin market due to U.S.-China tariff negotiations.

5月，由於美國 - 中國關稅談判在硬幣市場中的熱風中，與其他硬幣相比，以太坊的增長幅度特別高。

As of the 14th, Ethereum prices rose 46.7% from the previous week to 3,744,000 won. Bitcoin rose by 8% and XRP and Solana rose by 2 to 5 times.

截至14日，以太坊價格從上週上漲了46.7％，達到3,744,000韓元。比特幣上升了8％，XRP和Solana上升了2至5次。

The main reason for the surge in Ethereum is the technical aspect first.

以太坊激增的主要原因首先是技術方面。

Ethereum's Pectra upgrade was completed on the 7th. Pectra is a major change in four years since the Merge upgrade, which is considered to have opened the era of Ethereum 2.0 by changing the consensus algorithm from proof-of-work (PoW)-based mining like Bitcoin to a proof-of-stake (PoS) method similar to the financial system.

以太坊的Pectra升級於7日完成。 Pectra是自合併升級以來四年來的重大變化，該升級被認為通過將共識算法從工作證明（POW）的採礦（如比特幣）更改為與金融系統類似的訂單證明（POS）方法，從而打開了以太坊2.0時代。

The key is to expand the limit of staking implemented by the PoS method from 32 ETH to 2048 ETH, which has increased 64 times. It is evaluated that the stability and security of the entire Ethereum system have been strengthened by expanding opportunities for institutional investors and large capital to participate.

關鍵是要將POS方法實施的股權限制從32 ETH擴大到2048 ETH，該元素增加了64倍。可以評估，通過擴大機構投資者和大型資本參與的機會，可以加強整個以太坊系統的穩定性和安全性。

On top of that, major changes include improving the operational efficiency of verifiers essential for network operation, expanding smart contract functions essential for the development of decentralized finance, and strengthening the scalability of Layer 2, another blockchain main net based on Ethereum.

最重要的是，重大變化包括提高對網絡操作必不可少的驗證者的運行效率，擴大對分散融資的發展至關重要的智能合約功能，並增強基於以太坊的另一個區塊鍊主網2層的可擴展性。

In particular, the Pectra upgrade received a lot of attention as it was completed stably on the day of implementation without any noise. In the past, large upgrades to Ethereum have caused various controversies, including network outages. Some items were missing from the originally scheduled upgrade due to lack of preparation. However, the upgrade drew favorable reviews that the stability of Ethereum 2.0 was on track as everything scheduled from the start to completion went on quickly.

特別是，pectra升級在實施當天穩定完成，而沒有任何噪音，因此受到了很多關注。過去，對以太坊的大量升級引起了各種爭議，包括網絡中斷。由於缺乏準備，因此原定的計劃升級缺少了一些項目。但是，升級吸引了有利的評論，即以太坊2.0的穩定性已步入正軌，因為從開始到完成的所有內容都很快就進行了。

In addition, the Pectra upgrade is seen as an example of proving that Ethereum has a higher technological superiority than competitors such as Solana and Sui, inducing high responses from institutional investors. Noah Davis, head of research at Mesari, a blockchain analysis company, said, "The upgrade of Perfectra is an important turning point for Ethereum to leap into global financial infrastructure," adding, "The expansion of the stake limit will be a factor that lowers barriers to participation by institutional investors."

此外，Pectra升級被視為證明以太坊具有比Solana和Sui等競爭對手更高的技術優勢的例子，從而引起了機構投資者的高度反應。區塊鏈分析公司Mesari研究負責人諾亞·戴維斯（Noah Davis）表示：“ Perfectra的升級是以太坊躍入全球財務基礎設施的重要轉折點，“補充說，“施加限制的擴展將是降低機構投資者參與障礙的因素。”

In the recent trend of real asset tokenization (RWA), many predict that Ethereum's technological superiority will lead to actual cases. JPMorgan and Goldman Sachs are already building their digital asset platforms based on Ethereum. BlackRock's first tokenization fund, BUIDL, was also the first to be issued on Ethereum.

在最新的真實資產令牌化（RWA）的趨勢中，許多人預測以太坊的技術優勢將導致實際情況。摩根大通和高盛已經在基於以太坊建立了數字資產平台。貝萊德（Blackrock）的第一個令牌化基金Buidl也是第一個在以太坊上發行的人。

As demand for Ethereum increases, the future price outlook is also positive. In the Ethereum options market on the Chicago Mercantile Exchange (CME), the volume of call options, which expects Ethereum to be priced at $10,000 at the end of this year, has increased significantly recently. It is interpreted that the number of investors betting on strength based on technological superiority has increased.

隨著對以太坊的需求的增加，未來的價格前景也是積極的。在芝加哥商業交易所（CME）的以太坊期權市場中，呼叫期權的數量預計以太坊在今年年底的價格將為10,000美元，最近有了顯著增長。可以解釋出，基於技術優勢的投資者的投資者數量有所增加。

Given the recent boom in the coin market as a whole, some analysts say that Ethereum has only soared for a short time due to its low-priced appeal. This is because Ethereum was rather at a standstill when Bitcoin rose up to seven times over the past three years, including a new all-time high in January this year. Although it has soared recently, the price of Ethereum is around 65% compared to its all-time high.

鑑於最近在硬幣市場的繁榮，一些分析人士說，由於其低價吸引力，以太坊僅在短時間內飆升。這是因為在過去三年中，比特幣上升到7次，包括今年1月的新歷史最高點時，以太坊處於停滯狀態。儘管它最近飆升，但以太坊的價格約為65％，而其歷史最高水平。

The reason for Ethereum's relative weakness compared to Bitcoin is that it is relatively shunned by investors. Since the launch of the Exchange Traded Fund (ETF), demand from institutional investors has been concentrated in Bitcoin. Bitcoin prices have nearly tripled since the launch of spot ETFs in January last year, but Ethereum has fallen in price since its launch in July, contrary to expectations. This is because institutional investors only organize Bitcoin in the coin sector among their investment portfolios. This is the result of institutional investors investing first in Bitcoin's digital gold properties and taking a wait-and-see stance on Ethereum's decentralized financial growth.

與比特幣相比，以太坊相對弱點的原因是，它相對被投資者所避開。自交易所交易基金（ETF）推出以來，機構投資者的需求集中在比特幣上。自去年一月份推出現貨ETF以來，比特幣價格幾乎增加了兩倍，但是自7月推出以來，以太坊的價格下降了，這與期望相反。這是因為機構投資者僅在其投資組合中組織硬幣行業的比特幣。這是機構投資者首先投資於比特幣的數字黃金物業，並對以太坊的分散財務增長採取拭目以待。

Recently, however, as the trend of financial innovation based on blockchain technology such as stablecoin and RWA has begun in earnest, interest in Ethereum is increasing.

但是，最近，隨著基於Stablecoin和RWA等區塊鏈技術的金融創新趨勢已經開始認真，對以太坊的興趣正在增加。

On top of that,

最重要的是