以太坊（ETH）與比特幣的價格差距可以為期待已久的反彈鋪平道路

分析人士說，經過多年的表現不佳，以太坊與比特幣的價格差距為期待已久的反彈鋪平了道路。

May marks four years since Bitcoin (BTC) last outperformed the broader crypto market, a feat that could be repeated this year as the world’s leading cryptocurrency continues to display strength despite recent turbulence.

自比特幣（BTC）上一次表現更廣泛的加密貨幣市場以來，五月標誌著四年，這一壯舉可能會在今年重複，因為儘管最近動盪，但全球領先的加密貨幣仍在繼續表現出力量。

After a period of underperformance, analysts are closely watching for any signs that could indicate a shift in momentum, especially after Ethereum (ETH) experienced a 16% decline in April alone.

經過一段時間的表現不佳，分析師正在密切關注任何可能表明動量轉變的跡象，尤其是在以太坊（ETH）僅在4月份下降16％之後。

Historically, May has been kind to Ethereum, with the second-largest cryptocurrency delivering an average return of nearly 28% in May since 2016.

從歷史上看，梅對以太坊一直很友善，自2016年5月以來，第二大加密貨幣的平均回報率近28％。

This year, however, Ethereum’s performance has been closely tied to its valuation gap with Bitcoin, which could be setting the stage for a long-awaited rebound, according to blockchain analytics firm CryptoQuant.

然而，今年，以太坊的表現與比特幣的估值差距緊密相關，這可能為期待已久的籃板奠定基礎。

“ETH is now extremely undervalued compared to BTC, the first time since 2019. Historically, this led to Ethereum outperforming. However, supply pressure, weak demand, and flat activity could stall a rebound,” the firm said.

該公司表示：“與BTC相比，ETH現在被低估了，這是自2019年以來的第一次。從歷史上看，這導致以太坊的表現要優於表現。但是，供應壓力，需求疲軟和平穩的活動可能會陷入反彈。”

Chart: CryptoQuant

圖表：加密量

Some members of the crypto community believe that if anything positive were to happen, insiders would already be acting in anticipation and the market would likely see the price quickly increase. Over-the-counter deals are not completely ruled out yet.

加密社區的一些成員認為，如果發生任何積極的事情，內部人士將在預期中行事，市場可能會迅速上漲。非處方交易尚未完全排除。

While Ethereum is still facing short-term pressure, the Ethereum Foundation is focused on long-term improvements with the Pectra upgrade, which aims to make decentralized apps feel more like traditional applications.

儘管以太坊仍面臨短期壓力，但以太坊基金會側重於長期改善Pectra升級，pectra升級旨在使分散的應用程序更像是傳統應用。

As Artemiy Parshakov, vice president of institutions at staking infrastructure provider P2P.org, previously told crypto.news, account abstraction, introduced with the Pectra update, opens up possibilities “that were simply impossible before.”

正如Staking Infrastructure提供商P2P.org的機構副總裁Artemiy Parshakov以前告訴Crypto.news，Account Account Accort Accort Account Account the Pectra Update介紹了“以前完全不可能”的可能性。

Tracy Jin, COO of cryptocurrency exchange MEXC, also sees Pectra as a chance to shift the broader market mood.

加密貨幣交易所MEXC的首席運營官Tracy Jin也將Pectra視為改變更廣泛的市場情緒的機會。

With Bitcoin dominance now at 63.9%, nearly reaching the levels seen during the 2021 bull market, and most altcoins struggling to gain lasting traction beyond hype-driven spikes, Jin said the Pectra upgrade offers a “rare opportunity to flip the script in favour of altcoins.”

現在，比特幣優勢為63.9％，幾乎達到了2021年牛市中所看到的水平，而且大多數替代超越炒作驅動的尖峰的替代量的高級幣表示，pectra升級提供了“難得的機會，可以將劇本傾斜腳本以支持Altcoins。”