以太坊（ETH）在過去一個月中恢復了56％，達到2,565.95美元

以太坊（ETH）在過去一個月中恢復了56％，在2025年5月15日寫作時達到了2,565.95美元。

Ethereum (ETH) has experienced a 56% recovery over the past month, reaching $2,565.95 at the time of writing on May 15, 2025. This renewed growth for Ethereum, following months where it lagged Bitcoin and newer Layer 1 competitors, highlights shifts in institutional strategy, emerging blockchain technology use cases, and a broader market move away from single-asset dominance.

以太坊（ETH）在過去一個月中經歷了56％的恢復，在2025年5月15日撰寫本文時達到了2,565.95美元。在幾個月之後，這種以太坊的增長增長了，它落後比特幣和較新的第1層競爭對手，突出了機構策略的變化，在機構策略，逐漸構成障礙物的用途案例和寬廣的市場上，較寬的市場和寬廣的市場都在寬廣的市場。

The ETH recovery began around April 24, when ETH traded below $1,700, and accelerated between May 8 and May 13, briefly passing $2,700 before stabilizing.

ETH回收開始於4月24日左右，當時ETH的交易低於1,700美元，並在5月8日至5月13日之間加速，在穩定之前短暫通過了2,700美元。

Structural Developments Drive Ethereum’s Resurgence

結構性發展推動以太坊的複興

While general crypto market sentiment has improved, Bernstein, a research firm, highlights key structural developments in a client note, contributing to Ethereum’s rise. These factors include increased activity in stablecoin payments, the expansion of Layer 2 networks, and a notable change in hedge fund trading behavior concerning ETH.

儘管一般加密市場的情緒有所改善，但研究公司伯恩斯坦（Bernstein）強調了客戶票據中的關鍵結構發展，這有助於以太坊的崛起。這些因素包括增加穩定幣的活動，第2層網絡的擴展以及對沖基金交易行為的顯著變化。

Ethereum Strengthens Hold on Stablecoin and Tokenization Networks

以太坊增強對穩定和令牌化網絡的持有

According to Bernstein, Ethereum’s role within the stablecoin and tokenization network is expanding. The Ethereum network now supports over half of the total stablecoin supply. This foundational role is growing in importance as traditional companies, like Stripe with its $1.1 billion acquisition of stablecoin platform Bridge and Meta’s renewed focus on its stablecoin project, are entering the crypto space.

根據伯恩斯坦的說法，以太坊在Stablecoin和令牌化網絡中的作用正在擴大。現在，以太坊網絡支持總穩定供應的一半以上。作為傳統公司，這種基本角色的重要性越來越重要，例如Stripe，其11億美元收購了Stablecoin Platform Bridge以及Meta的重新關注的對Stablecoin項目的重點是進入加密貨幣領域。

Moreover, the broader use of stablecoin payments and tokenized securities is propelling Ethereum into a central platform for these transactions.

此外，更廣泛地使用Stablecoin付款和令牌證券正在將以太坊推向這些交易的中心平台。

Dominance in Real-World Asset Tokenization Boosts Ethereum

現實世界中的主導地位的主導地位促進以太坊

This increased focus aligns with Ethereum’s growing dominance in the real-world asset (RWA) tokenization market. Data from RWA.xyz indicates a market size of over $22 billion, with major asset managers, such as BlackRock and Franklin Templeton, deploying assets on-chain.

這種增加的焦點與以太坊在現實世界中的統治地位（RWA）代幣化市場的統治地位保持一致。 RWA.xyz的數據表明，貝萊德（Blackrock）和富蘭克林·鄧普頓（Franklin Templeton）等主要資產經理的市場規模超過220億美元。

As Ethereum remains the preferred platform for these tokenized financial products, its significance in institutional blockchain adoption is expanding.

由於以太坊仍然是這些令牌化金融產品的首選平台，因此其在機構區塊鏈採用方面的重要性正在擴大。

Layer 2 Ecosystem and Institutional Use Cases Expand ETH Value

第2層生態系統和機構用例擴大了ETH價值

Institutional adoption is also evident through Ethereum’s Layer 2 ecosystem. Networks like Base, started by Coinbase (NASDAQ:COIN), generated roughly $84 million in revenue last year. These Layer 2s operate on Ethereum and require ETH for gas and settlement.

通過以太坊的第2層生態系統，機構採用也很明顯。 Coinbase（NASDAQ：COIN）啟動的基本網絡，去年的收入約為8400萬美元。這些第2層在以太坊上運行，需要ETH進行氣體和沈降。

Bernstein suggests that their adoption by firms like Robinhood (NASDAQ:HOOD), which recently acquired WonderFi, an Ethereum Layer 2 operator, could expand tokenized offerings through retail brokerage platforms. This activity supports Ethereum’s value through increased usage and transaction volume.

伯恩斯坦（Bernstein）建議，諸如Robinhood（Nasdaq：Hood）等公司的採用，該公司最近收購了以太坊2層操作員Wonderfi，可以通過零售經紀平台擴展令牌化產品。該活動通過增加的使用和交易量來支持以太坊的價值。

Shifting Hedge Fund Strategies Favor Ethereum

轉移對沖基金策略有利於以太坊

Finally, changes in trading patterns are contributing to Ethereum’s recent price increase. Over the past 18 months, hedge funds have often used ETH as part of delta-neutral strategies, going long on BTC or SOL while shorting ETH. This short positioning is being reversed as the market narrative shifts toward blockchain utility and away from solely store-of-value use.

最後，交易模式的變化導致以太坊最近的價格上漲。在過去的18個月中，對沖基金經常將ETH用作三角洲中立策略的一部分，在短時間使用BTC或SOL時進行了長期。隨著市場敘事向區塊鏈公用事業轉移並遠離僅使用價值的商店，這種短暫的定位正在逆轉。