Ether（ETH）年齡降低了43％，它達到了2025年高點3,744美元，然後下降到目前的1,899美元

Ether（ETH）從畢業生到43％，在2025年高點的售價為3,744美元，然後下跌至目前的1,899美元。

Ether (ETH) price has fallen 43% year-to-date, having hit a 2025 high of $3,744 before dropping to its current level of $1,899.

Ether（ETH）的價格下跌了43％，到了2025年高點3,744美元，然後下跌至目前的1,899美元。

According to CryptoQuant CEO, Ki Young Ju, ether has experienced record levels of active selling over the past three months - the highest in the last five years.

根據CryptoQuant首席執行官Ki Young Ju的說法，Ether在過去三個月中經歷了創紀錄的積極銷售水平，這是過去五年中最高的。

CoinDesk research indicates that the ether-to-bitcoin (ETH/BTC) ratio has declined to a five-year low, and the four-year compound annual growth rate (CAGR) has become negative against bitcoin.

Coindesk的研究表明，以太幣與荷幣（ETH/BTC）的比率已下降到五年低點，而四年的複合年增長率（CAGR）已對比特幣負面。

ETH has only dipped below $1,900 a handful of times since 2020. If you had purchased ether between June 2022 and October 2023, as well as throughout 2020, you would still be in profit at the time of writing.

自2020年以來，ETH僅在幾次以下$ 1,900下降了$ 1,900。如果您在2022年6月至2023年10月之間以及在2020年10月之間購買了Ether，那麼在撰寫本文時，您仍然會獲利。

Glassnode data shows that short-term holders (STHs) - those who have held ETH for less than 155 days - are feeling the heat of the recent downturn, with a significant portion now realizing losses. However, long-term holders (LTHs) are also beginning to capitulate, albeit at a smaller scale.

玻璃節數據顯示，短期持有人（STH）（STH）（持有ETH少於155天的人）正在感受到最近經濟下滑的熱量，現在有很大一部分已經意識到損失。但是，儘管規模較小，但長期持有人（LTHS）也開始屈服。

Moreover, the majority of realized losses are being driven by whales who hold 100,000 ETH or more, particularly since February, as per Glassnode data.

此外，大多數已實現的損失都是由持有100,000或更多ETH的鯨魚驅動的，尤其是自2月以來，按照玻璃節數據。

Here are some key insights from crypto derivatives exchange, Deribla, on the state of ether's options market:

以下是Crypto衍生品交易所Deribla的一些關鍵見解，在Ether的期權市場上：

* Implied volatility (IV) has dropped to its lowest level in 2025. Despite the recent price downturn, IV is remarkably low, suggesting low levels of fear, uncertainty and doubt (FUD) among traders. Typically, IV rises during periods of high market turbulence and decreases with market stability.

*隱含的波動率（IV）已在2025年下降到其最低水平。儘管最近的價格下降，IV非常低，表明交易者的恐懼，不確定性和懷疑水平較低。通常，IV在高市場湍流期間上升，並且隨著市場穩定而下降。

* Higher puts volume than calls. The volume of put options is significantly higher than that of call options. This indicates that traders are currently placing more bearish bets on ether's price movement.

*比調用更高的音量。 PUT選項的數量明顯高於呼叫選項。這表明交易者目前正在對Ether的價格變動進行更多的看跌賭注。

* Most popular strike price is $2,000. The $2,000 strike price for ether options is proving to be the most popular among traders, signaling their strong interest in this price point. It remains to be seen whether ether can stage a comeback from its recent lows.

*最受歡迎的打擊價格為$ 2,000。事實證明，以太貨幣期權的2,000美元打擊價格在交易者中最受歡迎，這表明他們對這個價格點的興趣很大。 Ether是否可以從最近的低谷中捲土重來還有待觀察。