儘管現貨 ETF 推出，以太幣表現仍遜於比特幣，SOL/ETH 貨幣對創下歷史新高

以太坊相對於比特幣的表現日益不佳，與其頂級區塊鏈競爭對手 Solana 的主導地位不斷下降相一致

Despite the recent launch of spot exchange-traded funds (ETFs) in the United States, Ether (ETH) has continued to underperform Bitcoin (BTC) throughout the year. This underperformance is evident in the sharp decline of the ETH/BTC pair, which reached its lowest point in three years on August 5 amid the broader market downturn.

儘管美國最近推出了現貨交易所交易基金（ETF），但以太坊（ETH）全年表現仍遜於比特幣（BTC）。這種表現不佳的表現在 ETH/BTC 貨幣對的大幅下跌中得到了體現，在大盤低迷的背景下，該貨幣對於 8 月 5 日觸及三年來的最低點。

The poor performance of Ether relative to Bitcoin aligns with its decreasing dominance against its top blockchain competitor, Solana (SOL). Notably, the SOL/ETH pair surged by 10.75% in the last 24 hours, reaching a new record high of 0.064 ETH on August 8. This rally coincides with the launch of spot Solana ETFs in Brazil and marks a continuation of a broader rally that began in June.

以太幣相對於比特幣的糟糕表現與其最大的區塊鏈競爭對手 Solana (SOL) 的主導地位不斷下降是一致的。值得注意的是，SOL/ETH 貨幣對在過去24 小時內飆升10.75%，於8 月8 日達到0.064 ETH 的新紀錄高點。延續。

Over the last 24 hours, Solana’s price remained largely unchanged, trading within a tight range. However, the token's price has soared by more than 75% during this period.

在過去 24 小時內，Solana 的價格基本上保持不變，窄幅波動。然而，該代幣的價格在此期間飆升了75%以上。

The launch of spot Ether ETFs in the US has garnered attention, though the response from investors has been lukewarm. According to data from Farside Investors, these ETFs have seen outflows of $387.7 million since they began trading on August 23.

儘管投資者反應冷淡，但現貨以太坊 ETF 在美國的推出引起了關注。 Farside Investors的數據顯示，自8月23日開始交易以來，這些ETF已流出3.877億美元。

In contrast, Bitcoin ETFs saw net inflows following their launch on January 11. This disparity could be attributed to differing perceptions of Bitcoin and Ether among traditional investors.

相比之下，比特幣 ETF 在 1 月 11 日推出後出現了淨流入。

While Bitcoin is predominantly viewed as a “store of value,” Ether serves as a platform for decentralized applications (DApps) and smart contracts. This fundamental distinction may influence the preferences of investors entering the crypto market.

雖然比特幣主要被視為“價值儲存”，但以太幣則充當去中心化應用程式（DApp）和智慧合約的平台。這種根本差異可能會影響投資者進入加密貨幣市場的偏好。

For instance, Ether is held as a reserve asset by only six public companies, according to CoinGecko, compared to 29 companies that hold BTC.

例如，根據 CoinGecko 的數據，只有 6 家上市公司持有以太幣作為儲備資產，而持有 BTC 的公司有 29 家。

From a technical perspective, Ether's decline against Bitcoin is part of a downtrend that has been unfolding within its prevailing descending channel since September 2022.

從技術角度來看，以太坊相對於比特幣的下跌是自 2022 年 9 月以來在其普遍下降通道內展開的下降趨勢的一部分。

In May of this year, ETH/BTC encountered resistance at the upper trendline of this channel at around 0.056 BTC and has since undergone a corrective decline of up to 30%. Notably, this upper trendline coincides with two other resistance levels: the 50-week (red) and 200-week (blue) exponential moving averages (EMA).

今年 5 月，ETH/BTC 在該通道上方趨勢線 0.056 BTC 附近遇到阻力，此後經歷了高達 30% 的修正性下跌。值得注意的是，這條上部趨勢線與另外兩個阻力位重疊：50 週（紅色）和 200 週（藍色）指數移動平均線 (EMA)。

However, as of August, Ether is approaching the lower trendline of this channel for a potential rebound, with a possible upside target at around 0.050 BTC, which also aligns with the 0.236 Fibonacci retracement level for ETH/BTC.

然而，截至 8 月份，以太坊正接近該通道的較低趨勢線，有可能出現反彈，上行目標可能在 0.050 BTC 左右，這也與 ETH/BTC 的 0.236 斐波那契回撤位一致。

The potential for a rebound move is further supported by Ether's weekly relative strength index (RSI) reading of 34.60, which is just four points away from the oversold threshold. Typically, an oversold RSI reading precedes a period of either rebound or consolidation in an asset's price.

以太坊的每週相對強度指數（RSI）讀數為 34.60，距離超賣閾值僅 4 個點，進一步支撐了反彈的潛力。通常，超賣 RSI 讀數先於資產價格的反彈或盤整期。