以太坊突破了$ 1,900的抵抗力，表現優於比特幣

經過數週的猶豫，看跌壓力和不確定的動力，ETH表現出更新的強度

In a surprising turn of events, Ethereum has finally breached a key resistance zone, trading above $1,900 after pushing past the long-standing $1,850 barrier. This move marks the beginning of a breakout many hoped for—but few expected to arrive so soon. After weeks of hesitation, bearish pressure, and uncertain momentum, ETH is showing renewed strength just as broader market sentiment begins to shift.

令人驚訝的是，以太坊終於違反了一個關鍵的阻力區，在超過了長期存在的1,850美元障礙之後，以超過1,900美元的價格交易。此舉標誌著許多人希望的突破的開始，但很少有人希望很快到達。經過數週的猶豫，看跌壓力和不確定的動力，隨著更廣泛的市場情緒開始轉移，ETH表現出了新的力量。

Adding weight to the breakout, new insights from CryptoQuant reveal that Ethereum is now extremely undervalued compared to Bitcoin, the first time this has occurred since 2019.

加密的新見解增加了重量，這表明與比特幣相比，以太坊現在被低估了，這是自2019年以來首次發生。

“The last time we saw such a deep undervaluation of ETH/BTC was back in 2019. From this level, we saw a period of about 6-7 months where ETH went on a strong bull run, outperforming BTC significantly,”

“我們上次看到ETH/BTC的深度低估是在2019年。從這個級別開始，我們看到了大約6-7個月的ETH進行了強勁的公牛奔跑，表現出色，表現非常優於BTC，”

CryptoQuant notes.

加密音符。

This tidbit of information is crucial considering that periods of marked ETH/BTC undervaluation have historically been followed by phases of significant Ethereum outperformance.

考慮到明顯的ETH/BTC低估的時期之後，這種信息的整體至關重要。

However, while the price action is leading the way, on-chain data is reinforcing the bullish case, signaling that ETH may be entering a favorable phase in its cycle.

但是，儘管價格行動正在引導，但鏈數據正在加強看漲案件，這表明ETH可能在其周期中進入有利的階段。

This sunny scenario unfolds amid low expectations and skepticism, making it all the more impactful. As ETH trades above $1,900, traders and investors are watching closely for follow-through and potential continuation toward $2,000 and beyond.

這種陽光明媚的情況在較低的期望和懷疑中展現出來，使它更具影響力。隨著ETH超過1,900美元的交易，貿易商和投資者正在密切關注後續行動和潛在的延續至2,000美元及以後。

If history is any guide, this recent move by Ethereum may not just be a short-term spike—it could be the beginning of a larger trend reversal, especially as the ETH/BTC valuation gap begins to close.

如果歷史是任何指導，以太坊最近的這一舉動可能不僅是短期的峰值，這可能是較大趨勢逆轉的開始，尤其是當ETH/BTC估值差距開始縮小時。

Ethereum Flirts With $2,000 As Undervaluation Sparks Bullish Hopes

以太坊調情以2,000美元的價格調情，因為低估了看漲希望的希望

The world's second-largest cryptocurrency, Ethereum, is now approaching the critical $2,000 mark, a level that, if reclaimed and held, would confirm a technical breakout and potentially usher in a broader bullish phase.

全球第二大加密貨幣以太坊現在正接近至關重要的2,000美元，如果被收回並舉行，這一水平將確認技術突破，並有可能進入更廣泛的看漲階段。

After weeks of sluggish movement and bearish pressure, ETH is showing signs of strength across both price action and on-chain metrics. A close above $2,000 would mark a major shift in sentiment, signaling renewed confidence among investors and traders alike.

經過數週緩慢的運動和看跌壓力，ETH在價格動作和鏈上指標中都表現出強度的跡象。超過2,000美元的收盤價將標誌著情緒的重大轉變，這表明投資者和交易者之間的信心恢復了。

However, the story doesn't end there. Ongoing tensions between the US and China continue to inject uncertainty into global markets, and the US Federal Reserve has shown no sign of pivoting. With interest rates expected to remain elevated and quantitative tightening (QT) still in effect, the macroeconomic backdrop remains a headwind. Should these geopolitical and monetary factors ease, Ethereum's breakout could gain sustained traction.

但是，這個故事並沒有結束。美國和中國之間的持續緊張局勢繼續向全球市場注入不確定性，美國美聯儲沒有顯示出樞紐的跡象。由於利率預計保持升高，定量收緊（QT）仍然有效，宏觀經濟背景仍然是逆風。如果這些地緣政治和貨幣因素輕鬆，以太坊的突破可能會獲得持續的吸引力。

According to CryptoQuant, the Ethereum-to-Bitcoin MVRV (Market Value to Realized Value) ratio highlights that ETH is now extremely undervalued compared to BTC—the first time this has occurred since 2019.

根據CryptoQuant的說法，以太坊到 - 比特幣MVRV（市場價值與實現價值）的比率強調，與BTC相比，ETH現在被低估了ETH，這是自2019年以來首次發生。

“The last time we saw such a deep undervaluation of ETH/BTC was back in 2019. From this level, we saw a period of about 6-7 months where ETH went on a strong bull run, outperforming BTC significantly,” explained CryptoQuant.

“ 2019年，我們上次看到ETH/BTC的深度低估了。從這個級別開始，我們看到了大約6-7個月的時期，ETH進行了強勁的公牛奔跑，表現非常優於BTC，” CryptoQuant解釋說。

Periods of marked ETH/BTC undervaluation have historically been followed by phases of significant Ethereum outperformance. Still, the bullish setup faces some internal friction.

在歷史上，標記的ETH/BTC低估的時期之後是以太坊的階段超出表現的階段。儘管如此，看漲的設置仍面臨一些內部摩擦。

The crypto behemoth is still dealing with supply pressure, weak on-chain demand, and flat network activity could stall momentum if market sentiment doesn't improve further.

加密龐然大物仍在處理供應壓力，鏈上需求較弱，如果市場情緒無法進一步改善，則平坦的網絡活動可能會停滯。

While Ethereum's current push is certainly encouraging, confirmation will only come with sustained movement above resistance and stronger fundamentals. Until then, ETH remains at a critical juncture, with the potential to lead the next leg of the crypto rally—or slip back into consolidation if external and internal pressures persist.

儘管以太坊目前的推動力肯定令人鼓舞，但確認只會隨著抵抗力和更強的基本面的持續移動而進行。在此之前，ETH仍然處於關鍵時刻，有可能領導加密集會的下一條比賽，或者如果外部壓力持續存在，則將其退回鞏固。