長期的ETH價格集會取決於SEC批准實現ETF創建和積累以吸引更多投資者。

在5月7日至5月14日之間飆升43.6％之後，Ether（ETH）的價格為2,600美元，但仍低於2021年峰值4,868美元。

The price of Ether (ETH) surged 43.6% between May 7 and May 14, reaching $2,600. However, some analysts believe that this rally is just the beginning of a much larger and aggressive uptrend, raising the likelihood of a near-term rally to $5,000.

5月7日至5月14日之間，以太（ETH）的價格飆升了43.6％，達到2,600美元。但是，一些分析人士認為，這次集會只是更大，積極進取的上升趨勢的開始，將近期集會的可能性提高到5,000美元。

As the dust settles on an eventful week in crypto markets, the potential for a new all-time high for ETH in 2025 remains a topic of debate, especially with the emergence of new competitive threats.

隨著塵埃落定在加密貨幣市場的一周中，塵埃落定的一周，2025年ETH在ETH上獲得新歷史最高的潛力仍然是一個辯論的話題，尤其是隨著新的競爭威脅的出現。

According to X user Adriano Feria, ETH is "the best candidate for institutional diversification" as professional fund managers prefer "similar levels of regulatory clarity and accessibility" through multiple spot exchange-traded funds (ETFs). However, recent data on ETF flows might not be especially encouraging.

根據X用戶Adriano Feria的說法，ETH是“機構多元化的最佳候選人”，因為專業基金經理更喜歡通過多個現貨交易所交易貿易資金（ETF）“相似的監管清晰度和可訪問性水平”。但是，有關ETF流的最新數據可能並不是特別令人鼓舞。

Between May 12 and May 13, US-listed Ether ETFs saw net outflows of $4 million. Moreover, the size of the Ether ETF market is 92% smaller than Bitcoin's $121.5 billion, highlighting a clear lack of institutional appetite for ETH-based products.

在5月12日至5月13日之間，美國上市的Ether ETF的淨流出為400萬美元。此外，Ether ETF市場的規模比比特幣的1,215億美元小92％，這顯然表明了對基於ETH的產品的機構食慾不足。

This might lead some traders to question how Ether can truly gain traction among professional investors, especially in the face of intensifying competition. While cryptocurrencies like Cardano (ADA), Stellar (SOL), and XRP have outperformed ETH in 2025, their chances of being included in US state-level digital asset reserves seem to have diminished.

這可能會導致一些交易者質疑以太如何真正獲得專業投資者的吸引力，尤其是面對加劇競爭。儘管Cardano（ADA），Stellar（Sol）和XRP等加密貨幣在2025年表現優於ETH，但它們被包括在美國州級數字資產儲備中的機會似乎已經減少。

This follows US President Trump's decision on March 2 to distance himself from lobbyists supporting XRP, SOL, and ADA. The "Digital Asset Stockpile" executive order issued on March 6 was notably more cautious, drawing a clear line between Bitcoin (BTC) and other altcoins.

這是在美國總統在3月2日的決定中與支持XRP，SOL和ADA的遊說者保持距離的決定。 3月6日發布的“數字資產庫存”行政命令更加謹慎，在比特幣（BTC）和其他山寨幣之間劃出了明確的界限。

The best-case scenario for Ether may involve a lack of direct ETF competition, which would depend on the US Securities and Exchange Commission (SEC) rejecting several pending applications.

以太的最佳情況可能涉及缺乏直接的ETF競爭，這將取決於拒絕幾個待處理申請的美國證券交易委員會（SEC）。

Analysts suggest that Ether ETFs could also benefit from in-kind creation and staking approvals — developments considered highly likely before year-end, according to Bloomberg Intelligence analyst James Seyffart.

分析師認為，根據彭博情報分析師詹姆斯·塞法特（James Seyffart）的說法，ETHER ETF也可以從實物創建和積分批准中受益。

Pectra upgrade improved scalability, setting the stage for AI adoption

Pectra升級提高了可伸縮性，為AI採用奠定了基礎

Previously touted as the answer to Ether's monetary policy, the built-in burn mechanism introduced in 2021 was designed to reduce supply growth based on network demand. However, the shift in focus towards scalability through rollups has largely offset its deflationary impact.

以前被吹捧為Ether貨幣政策的答案，該機制在2021年推出的內置燃燒機制旨在根據網絡需求減少供應增長。但是，通過匯總將注意力轉向可伸縮性的轉變在很大程度上抵消了其通縮影響。

Therefore, a substantial increase in onchain activity is needed for Ether to become deflationary once more. The recent Pectra upgrade has improved data transmission efficiency, setting the stage for enhanced scalability.

因此，以太再次成為縮水需要大幅增加。最近的Pectra升級提高了數據傳輸效率，為增強的可伸縮性奠定了基礎。

Layer-2 network activity increased by 23% compared to the previous month, with the Base network leading the pack at 244.2 million transactions in 30 days, as per data from L2beat. If this momentum persists, it could generate sustained demand for ETH and help further differentiate Ethereum from rival platforms.

與上個月相比，第2層網絡活動增加了23％，根據L2Beat的數據，基本網絡在30天內以2.442億美元的價格領先。如果這種勢頭持續存在，它可能會產生對ETH的持續需求，並有助於將以太坊與競爭對手平台區分開。

As the dust settles on an eventful week in crypto markets, the potential for a new all-time high for ETH in 2025 remains a topic of debate, especially with the emergence of new competitive threats.

隨著塵埃落定在加密貨幣市場的一周中，塵埃落定的一周，2025年ETH在ETH上獲得新歷史最高的潛力仍然是一個辯論的話題，尤其是隨著新的競爭威脅的出現。

According to X user Adriano Feria, ETH is "the best candidate for institutional diversification" as professional fund managers prefer "similar levels of regulatory clarity and accessibility" through multiple spot exchange-traded funds (ETFs). However, recent data on ETF flows might not be especially encouraging.

根據X用戶Adriano Feria的說法，ETH是“機構多元化的最佳候選人”，因為專業基金經理更喜歡通過多個現貨交易所交易貿易資金（ETF）“相似的監管清晰度和可訪問性水平”。但是，有關ETF流的最新數據可能並不是特別令人鼓舞。

Between May 12 and May 13, US-listed Ether ETFs saw net outflows of $4 million. Moreover, the size of the Ether ETF market is 92% smaller than Bitcoin's $121.5 billion, highlighting a clear lack of institutional appetite for ETH-based products.

在5月12日至5月13日之間，美國上市的Ether ETF的淨流出為400萬美元。此外，Ether ETF市場的規模比比特幣的1,215億美元小92％，這顯然表明了對基於ETH的產品的機構食慾不足。

This might lead some traders to question how Ether can truly gain traction among professional investors, especially in the face of intensifying competition. While cryptocurrencies like Cardano (ADA), Stellar (SOL), and XRP have outperformed ETH in 2025, their chances of being included in US state-level digital asset reserves seem to have diminished.

這可能會導致一些交易者質疑以太如何真正獲得專業投資者的吸引力，尤其是面對加劇競爭。儘管Cardano（ADA），Stellar（Sol）和XRP等加密貨幣在2025年表現優於ETH，但它們被包括在美國州級數字資產儲備中的機會似乎已經減少。

This follows US President Trump's decision on March 2 to distance himself from lobbyists supporting XRP, SOL, and ADA. The "Digital Asset Stockpile" executive order issued on March 6 was notably more cautious, drawing a clear line between Bitcoin (BTC) and other altcoins.

這是在美國總統在3月2日的決定中與支持XRP，SOL和ADA的遊說者保持距離的決定。 3月6日發布的“數字資產庫存”行政命令更加謹慎，在比特幣（BTC）和其他山寨幣之間劃出了明確的界限。

The best-case scenario for Ether may involve a lack of direct ETF competition, which would depend on the US Securities and Exchange Commission (SEC) rejecting several pending applications.

以太的最佳情況可能涉及缺乏直接的ETF競爭，這將取決於拒絕幾個待處理申請的美國證券交易委員會（SEC）。

Analysts suggest that Ether ETFs could also benefit from in-kind creation and staking approvals — developments considered highly likely before year-end, according to Bloomberg Intelligence analyst James Seyffart.

分析師認為，根據彭博情報分析師詹姆斯·塞法特（James Seyffart）的說法，ETHER ETF也可以從實物創建和積分批准中受益。

Pectra upgrade improved scalability, setting the stage for AI adoption

Pectra升級提高了可伸縮性，為AI採用奠定了基礎

Previously touted as the answer to Ether's monetary policy, the built-in burn mechanism introduced in

以前被吹捧為以太貨幣政策的答案，內置的燃燒機制在