以太坊面臨危險的低迷，分析師預測跌至 2500 美元

最近的加密貨幣市場低迷導致主要資產價值大幅下跌，以太幣（ETH）面臨明顯的看跌趨勢。加密貨幣分析師預測價格將進一步下跌，由於以太坊基本面疲軟和主網路上的網路活動下降，預計價格將跌至 2500 美元。與比特幣的相關性，以及以太坊 Layer 2 的發展和潛在的現貨 ETF 應用，繼續塑造以太坊價格軌蹟的前景。

Ethereum in Peril as Market Turmoil Signals Impending Downfall

市場動盪預示著以太坊即將崩潰

The cryptocurrency market has been reeling from a recent downturn, with major assets like Ethereum and Bitcoin experiencing significant value drops. Among these, Ethereum (ETH) has emerged as a particular cause for concern, with analysts predicting further declines for the second-largest cryptocurrency by market capitalization.

加密貨幣市場一直在經歷最近的低迷，以太幣和比特幣等主要資產的價值大幅下跌。其中，以太幣（ETH）尤其令人擔憂，分析師預測這種市值第二大的加密貨幣將進一步下跌。

Analysts Warn of Ethereum's Potential Plunge to $2500

分析師警告以太坊可能跌至 2500 美元

In a recent advisory, crypto research firm 10X Analysis has issued a dire warning, suggesting that Ethereum could be on a trajectory towards $2500 due to its weakening fundamentals. The agency notes that Ethereum's performance has been inconsistent in the current market cycle, deviating from its historical role as a catalyst for bullish runs.

在最近的諮詢中，加密貨幣研究公司 10X Analysis 發出了可怕的警告，表明由於基本面疲軟，以太坊可能會走向 2500 美元的軌道。該機構指出，以太坊的表現在當前市場週期中一直不一致，背離了其作為看漲催化劑的歷史角色。

Furthermore, 10X Analysis highlights Ethereum's strong correlation with Bitcoin, with an R-squared value of 95%. The agency contends that Ethereum's declining fundamentals pose an obstacle to widespread fiat inflows into the crypto ecosystem, which would hinder Bitcoin's ascent.

此外，10X 分析強調了以太幣與比特幣的強相關性，R 平方值為 95%。該機構認為，以太坊基本面的下滑對法幣廣泛流入加密生態系統構成了障礙，這將阻礙比特幣的上漲。

Daniel Yan, Founder and CIO of Kryptanium Capital, echoes these concerns, stating, "Ethereum continues to disappoint from fundamental and technical perspectives. If support at $2950 breaks, we could witness a sharp decline to the $2500-$2600 range."

Kryptanium Capital 創辦人兼首席投資長Daniel Yan 也表達了這些擔憂，他表示：「從基本面和技術角度來看，以太坊仍然令人失望。如果2,950 美元的支撐位被突破，我們可能會看到價格大幅下跌至2500-2600 美元區間。

Network Activity and ETF Developments Raise Further Concerns

網路活動和 ETF 發展引發進一步擔憂

Compounding the negative outlook for Ethereum is a decline in network activity on its mainnet, resulting in record-low average transaction fees. Data from blockchain analytical platform IntoTheBlock reveals that an increasing number of transactions are being settled on Ethereum Layer 2s, with the three largest L2s accounting for a record 82% of all Ethereum transactions in April.

以太坊主網上的網路活動下降，導致平均交易費用創歷史新低，這加劇了以太坊的負面前景。區塊鏈分析平台 IntoTheBlock 的數據顯示，越來越多的交易在以太坊 Layer 2 上進行結算，其中三個最大的 L2 佔 4 月份所有以太坊交易的創紀錄的 82％。

On the regulatory front, the prospects for spot Ethereum exchange-traded fund (ETF) approval remain uncertain. On May 10, Ark 21 Shares revised their spot Ethereum ETF proposal, notably removing plans for staking. Bloomberg ETF analyst Eric Balchunas speculates that this modification may be an attempt to align with SEC guidance, although the regulatory agency has not yet commented on the application.

在監管方面，現貨以太坊交易所交易基金（ETF）批准的前景仍然不確定。 5 月 10 日，Ark 21 Shares 修改了以太坊 ETF 現貨提案，特別是取消了質押計畫。彭博 ETF 分析師 Eric Balchunas 推測，這項修改可能是為了與 SEC 的指導保持一致，儘管監管機構尚未對該申請發表評論。

Despite the adjustment, the likelihood of spot Ethereum ETF approval has increased slightly on Polymarket, an on-chain prediction protocol. As of May 10, approval odds had nearly doubled to 14%. Nevertheless, expectations for approval remain tempered due to the SEC's historically cautious approach towards Ethereum ETF applications.

儘管進行了調整，但鏈上預測協議 Polymarket 批准現貨以太坊 ETF 的可能性略有增加。截至 5 月 10 日，批准率幾乎翻倍至 14%。儘管如此，由於 SEC 歷來對以太坊 ETF 申請採取謹慎態度，因此對批准的預期仍然較低。

Conclusion

結論

The current market downturn has cast a shadow over Ethereum, with analysts predicting further declines. The cryptocurrency's weakened fundamentals, coupled with reduced network activity and regulatory uncertainty, raise concerns about its long-term trajectory. Should Ethereum's price fall to the $2500 level, it could trigger a broader market sell-off, further exacerbating the current bearish sentiment in the cryptocurrency market. Investors are advised to exercise caution and closely monitor market developments to minimize potential losses.

當前的市場低迷給以太坊蒙上了陰影，分析師預測以太坊將進一步下跌。這種加密貨幣的基本面疲軟，加上網路活動減少和監管不確定性，引發了對其長期軌蹟的擔憂。如果以太幣價格跌至 2500 美元水平，可能會引發更廣泛的市場拋售，進一步加劇當前加密貨幣市場的看跌情緒。建議投資人謹慎行事，密切注意市場動態，以盡量減少潛在損失。