以太坊已經上演了引人注目的複出，超過$ 2,700

以太坊已經進行了引人注目的複出，自2月23日以來首次超過2700美元。這在短短六天內就達到了49％的收益。

Ethereum price has shot up above the $2,700 mark for the first time since February 23, marking a 49% gain in just six days.

自2月23日以來，以太坊的價格首次上漲了$ 2,700的成績，在短短六天內增長了49％。

On-chain analytics platform Santiment has highlighted a twist in the tale. According to the platform, the price action of ETH began accelerating at the same time as sentiment on social media hit its all-time low.

鏈上的分析平台santiment突出了這個故事的轉折。根據該平台，ETH的價格動作開始在社交媒體上的情感同時加速。

After teasing the token’s lack of move in recent times, traders turned around and began seeing entry points as bullish once more, a full turnaround from public sentiment.

在取笑令牌近來缺乏動作後，交易者轉過身來，開始再次將入口點視為看漲，這是公眾情緒的全部轉變。

Ethereum’s climb is no stranger to sudden leaps that are fueled more by sentiment and network excitement rather than rigorous fundamentals, which is usually the case in bear markets. This time around, however, the underlying forces are perhaps more robust.

以太坊的攀登對突然的飛躍並不陌生，而這種突然飛躍是由於情感和網絡興奮而不是嚴格的基本原理，這通常是在熊市中的這種情況。然而，這次的基礎力量也許更強大。

Ethereum remains the DeFi and NFT infrastructure leader, with its Layer-2 infrastructure growing exponentially.

以太坊仍然是Defi和NFT基礎設施的領導者，其2層基礎設施呈指數增長。

While the general altcoin market has had fleeting moments of glory, Ethereum’s sustained utility is the basis for more enduring price movements.

儘管一般的Altcoin市場已經短暫地獲得了榮耀的時光，但以太坊的持續效用是更持久的價格變動的基礎。

Social sentiments from Santiment show a drastic change. A week back, all the discussion around ETH used to be negative based on relative underperformance against memecoins and other popular assets.

Santiment的社交情感顯示出巨大的變化。一周前，基於針對成員和其他流行資產的相對錶現不佳，所有有關ETH的討論曾經是負面的。

However, price targets surged shortly after the May 8 rally, and most retail traders now look forward towards a $3,500 range. These dynamics are a reflection of the unstable nature of crypto sentiment, particularly among retail traders dealing in a high-reward, high-risk environment.

但是，價格目標在5月8日集會後不久飆升，大多數零售商人現在期待3500美元的價格。這些動態反映了加密情緒的不穩定性質，尤其是在零售商人中，他們在高回報，高風險的環境中。

From ‘Flippening’ Dreams to Present-Day Momentum

從“傾斜”的夢想到當今的勢頭

Ethereum’s recent uptrend has sparked debate over its long-term potential relative to Bitcoin. Back in 2016–2017, there used to be the notion of a “flippening” that saw Ethereum overtaking Bitcoin on the market cap list because of its vast potential and active developer community.

以太坊最近的上升趨勢引發了有關其長期潛力相對於比特幣的爭論。早在2016年至2017年，曾經有一個“翻轉”的概念，該概念使以太坊在市值上超過比特幣，因為它具有巨大的潛力和積極的開發者社區。

Although that scenario never occurred, the debate that it engendered is one still valid today. Technological flexibility keeps driving ETH’s status as not simply virtual currency.

儘管這種情況從未發生過，但是今天引起的辯論今天仍然有效。技術靈活性將不僅僅是虛擬貨幣推動ETH的地位。

Since Bitcoin is the clear leader as a store of value, Ethereum’s status as an infrastructure layer for decentralized applications makes it indispensable within the Web3 ecosystem.

由於比特幣是價值存儲的明確領導者，因此以太坊作為分散應用程序的基礎架構層的狀態使其在Web3生態系統中必不可少。

Currently, the market cap of ETH is still roughly half of that of Bitcoin, but the current price surge has fueled speculation as to how much that differential might decrease if the current momentum is sustained throughout the month of May.

目前，ETH的市值仍然大約是比特幣的一半，但是目前的價格漲幅激發了人們猜測，如果當前的勢頭在整個月份持續下去，那麼差異可能會減少多少。

Ethereum Eyes $3K As Transaction Costs Hit Six-Month Low

以太坊的眼睛$ 3K，交易成本達到六個月低點

Another driver of Ethereum’s recent uptrend is the low transaction fee. The average fee is now $0.84, a significant improvement from the $7+ average six months prior.

以太坊最近上升趨勢的另一個驅動力是低交易費用。現在的平均費用為0.84美元，比六個月前的7美元以上的平均費用顯著提高。

Lower fees are attracting more network activity with little of the bottlenecks that crop up with bull runs. If fees stay low, Ethereum might continue attracting retail interest with little immediate correction.

較低的費用吸引了更多的網絡活動，而幾乎沒有牛的瓶頸。如果費用保持較低，以太坊可能會繼續吸引零售利息，而幾乎立即更正。

However, a note of warning is appropriate. The 30-day MVRV ratio has risen to +32.5%, way ahead of the +15% threshold generally used as the starting point of overheating.

但是，警告說明是適當的。 30天的MVRV比率已上升至 +32.5％，高於通常用作過熱起點的 +15％閾值。

Though this does not indicate a top, it certainly hints at an impending slow-down or short-term plateau. Nevertheless, with Bitcoin potentially looking towards a dip into $110K, Ethereum’s way towards breaking above $3,000 once more might not be far off.

儘管這並不表示頂部，但它肯定暗示了即將進行的緩慢下降或短期高原。然而，隨著比特幣有可能傾向於跌入11萬美元，以太坊又要賺取超過3,000美元的方式可能並不遙不可及。