以太坊價格飆升：機構需求燃料供需差距

由於機構利益和供求需求差距造成的需求衝擊，以太坊的價格飆升，可能達到了新的歷史最高點。

Ethereum Price Surge: Institutional Demand Fuels Supply-Demand Gap

以太坊價格飆升：機構需求燃料供需差距

Ethereum is on a tear! The price is surging, driven by a fascinating interplay of institutional demand and a tightening supply. Let's dive into what's fueling this rally and what it means for the future of ETH.

以太坊淚流滿面！由於機構需求的引人入勝的相互作用和收緊供應，價格飆升。讓我們深入了解這一集會的助長以及它對ETH的未來意味著什麼。

The Ethereum Demand Shock

以太坊需求衝擊

Ethereum's price has been on a rollercoaster, but recently, it's been all uphill. After a stellar 49.4% rally in July 2025, ETH hit $3,715, marking its best month of the year. This isn't just a blip; it's a sign of something bigger happening.

以太坊的價格一直在過山車上，但最近，這一切都是艱難的。在2025年7月舉行的49.4％集會之後，ETH達到了3,715美元，標誌著一年中最好的月份。這不僅僅是blip。這是發生更大事情的跡象。

What's the secret sauce? Institutional interest. Matt Hougan from Bitwise points out that since the approval of spot Ethereum ETFs in July 2024, institutional buyers have been quietly accumulating ETH. But since May 15, 2025, things have gone wild. Over 2.83 million ETH (around $5 billion) has been snapped up by ETPs and corporations. Companies are even staking their ETH to earn yield – talk about smart money!

什麼是秘密調味料？機構利益。 Bitwise的Matt Hougan指出，自2024年7月的現場以太坊ETF批准以來，機構買家一直在悄悄地積累ETH。但是自2025年5月15日以來，事情變得瘋狂了。 ETP和公司搶購了超過283萬ETH（約合50億美元）。公司甚至在賺錢以賺取收益率 - 談論聰明的錢！

The Supply-Demand Gap: ETH Becoming Deflationary?

供需差距：ETH成為通縮？

Here's where it gets interesting. While demand has exploded, the supply of new ETH has barely budged. During the same period that 2.83 million ETH was bought, only 88,000 new ETH were created. That's a supply-demand gap of over 32x! This massive imbalance is a key reason why the price of ETH has been climbing so rapidly.

這是有趣的地方。儘管需求爆炸了，但新的ETH的供應幾乎沒有興起。在購買了283萬ETH的同一時期，僅創建了88,000個新ETH。那是超過32倍的供求差距！這種巨大的失衡是ETH價格如此迅速地攀升的關鍵原因。

Can ETH Hit $10,000?

ETH可以達到10,000美元嗎？

The million-dollar question (or should I say, the $10,000 question?). Hougan estimates that another $20 billion could flow into Ethereum via ETFs and corporate treasuries in the next year, translating to roughly 5.33 million ETH. Meanwhile, the network is projected to issue only 800,000 ETH. If this trend continues, ETH's supply will remain incredibly tight, potentially driving prices even higher.

百萬美元的問題（或者我應該說是10,000美元的問題？）。霍根（Hougan）估計，第二年，通過ETF和公司國庫會，另外200億美元可以流入以太坊，轉化為約533萬。同時，該網絡預計僅發行80萬ETH。如果這種趨勢持續下去，ETH的供應將保持不可思議，可能會推動價格更高。

Of course, predictions are always a bit of a gamble. Whale activity, such as one recent accumulation of 47,121 ETH valued at $169 million, further fuels optimism and speculation of ETH reaching $10,000. Maintaining a daily volume above $39 billion and increased staking activity are considered essential for a sustained upswing.

當然，預測總是有點賭博。鯨魚活動，例如最近的47,121個ETH的積累，價值1.69億美元，進一步燃料樂觀和對ETH的猜測達到10,000美元。每天保持390億美元以上的量和增加的積累活動被認為對於持續增長至關重要。

The Bottom Line

底線

Ethereum's current rally isn't just hype; it's backed by solid fundamentals. Strong institutional demand and a constrained supply create a powerful dynamic that could propel ETH to new heights. Whether it hits $10,000 remains to be seen, but the stage is certainly set for an exciting ride.

以太坊目前的集會不僅僅是炒作；它得到了堅實的基本面的支持。強勁的機構需求和限制的供應創造了一種強大的動力，可以將ETH推向新的高度。它是否達到10,000美元還有待觀察，但舞台肯定是令人興奮的旅程。

So, buckle up, crypto enthusiasts! It looks like Ethereum is ready to party. Just remember to do your own research and invest responsibly. After all, even in the wild world of crypto, a little caution goes a long way.

因此，搭扣，加密愛好者！看起來以太坊已經準備好參加聚會了。只需記住自己的研究並負責任地投資即可。畢竟，即使在加密世界的野生世界中，也有一點謹慎。