以太坊（ETH）的稀缺性可能比之前預期的還要嚴重

根據測量，數位貨幣以太幣（ETH）的稀缺性可能比先前預期的更加嚴重。鏈上數據顯示，以太坊現在正在以超過比特幣的速度添加到網路中。

Ethereum scarcity is outpacing Bitcoin as anticipation for an ETF and rising investor interest is driving a huge demand surge for ETH.

由於對 ETF 的預期以及投資者興趣的上升推動了對 ETH 的需求大幅增長，以太坊的稀缺性正在超過比特幣。

Analyzing Ethereum and Bitcoin Exchange Balances

分析以太坊和比特幣交易餘額

Metrics show that Ethereum (ETH) might be experiencing more scarcity than initially realized. On-chain data shows that the rate at which Ethereum is being added to the network has surpassed that of Bitcoin.

指標顯示，以太幣（ETH）的稀缺性可能比最初意識到的還要嚴重。鏈上數據顯示，以太坊加入網路的速度已經超過比特幣了。

According to data highlighted by BTC-Echo's @LeonWaidmann, Ethereum is actually becoming scarcer than Bitcoin. While metrics show how Bitcoin and Ethereum have fared individually, their relative scarcity in terms of exchange balances is also key.

根據 BTC-Echo 的 @LeonWaidmann 強調的數據，以太坊實際上變得比比特幣更稀缺。雖然指標顯示了比特幣和以太坊各自的表現，但它們在交易餘額方面的相對稀缺性也是關鍵。

The latest Glassnode data shared by Waidmann shows that the current Ethereum exchange balance is at 10.189%. In comparison, Bitcoin's exchange balance is at 15.08%, indicating that the gap is closing.

Waidmann分享的最新Glassnode數據顯示，目前以太坊交易餘額為10.189%。相比之下，比特幣的交易餘額為 15.08%，表明差距正在縮小。

ETF Anticipation Is Dictating Market Activity

ETF 預期決定市場活動

Demand for Ethereum (ETH) has surged following reports of a spot Ethereum ETF. Investors began buying up Ethereum at a rapid pace, overwhelming trading platforms. The activity makes sense, especially considering that Wall Street money is also expected to be buying up ETH once the ETF launches.

在以太坊 ETF 現貨報道發布後，對以太坊 (ETH) 的需求激增。投資人開始快速購買以太坊，壓垮了交易平台。這項活動是有道理的，特別是考慮到一旦 ETF 推出，華爾街資金預計也會買入 ETH。

As Coingape highlights, this anticipation is supported by the activity observed with spot Bitcoin ETF products. Notably, companies like Susquehanna International Group (SIG) reportedly poured resources into buying up the Bitcoin ETF when it launched in January. These buyups are said to have contributed to Bitcoin's price reaching an ATH of $73,750.07.

正如 Coingape 所強調的那樣，這種預期得到了現貨比特幣 ETF 產品觀察到的活動的支持。值得注意的是，據報道，薩斯奎哈納國際集團 (SIG) 等公司在 1 月推出比特幣 ETF 時投入了大量資源來購買它。據說這些收購促使比特幣的價格達到了 73,750.07 美元。

Current Ethereum Price Movements

當前以太坊價格走勢

Despite the suggestion that Ethereum's exchange balance is depleting quickly, the impact on the coin's price is not yet evident. Ethereum is trading at $2,983.03 per coin, down by 2.31% over the last 24 hours. The coin's 24-hour trading price saw a low of $2,956.99 and a high of $3,080.11.

儘管有跡象表明以太坊的交易餘額正在迅速耗盡，但對代幣價格的影響尚不明顯。以太坊的交易價格為每枚幣 2,983.03 美元，在過去 24 小時內下跌 2.31%。該幣的24小時交易價格最低為2,956.99美元，最高為3,080.11美元。

At this point, the next development for Ethereum will largely depend on the US Securities and Exchange Commission, which has been the subject of anticipation for an extended period. After approving 19b-4 forms for spot Ethereum ETF applications a few weeks ago, the Commission is yet to approve S-1 filings.

目前來看，以太坊的下一步發展將很大程度取決於長期以來備受期待的美國證券交易委員會。在幾週前批准現貨以太坊 ETF 申請的 19b-4 表格後，委員會尚未批准 S-1 申請。