現在是購買以太坊的好時機嗎？

近年來，以太坊正面臨其最困難的伸展之一。由於價格在2025年下跌了近50％，交易價格接近1800美元，該網絡的統治地位承受了壓力。

Ethereum, once the undisputed king of smart contracts, is now facing one of its toughest periods. With prices down nearly 50% in 2025 and trading near $1,800, the network’s dominance is under pressure.

以太坊曾經是無可爭議的智能合約之王，現在面臨著最艱難的時期之一。由於價格在2025年下跌近50％，交易價格接近1,800美元，該網絡的統治地位承受了壓力。

Its user activity is slipping, internal friction is rising, and surging competitors like Solana and Sui are matching—or even exceeding—Ethereum’s level of activity, despite having a fraction of its market cap.

它的用戶活動正在滑動，內部摩擦正在上升，儘管索蘭和SUI等競爭對手的競爭者卻匹配甚至超過了Ethereum的活動水平，儘管其市場上限的一小部分。

This shift in fortunes has sparked fears that Ethereum’s era of easy dominance may be coming to an end.

命運的這種轉變激發了人們擔心以太坊的輕鬆統治時代可能即將結束。

While there’s no sign of direct public-sector investment flowing into the token yet, the U.S. government’s interest in blockchain tech has placed Ethereum on the radar of policymakers. It’s been referenced in national-level programs tied to digital infrastructure, and a financial firm with political connections has reportedly added exposure to ETH.

儘管尚無直接公共部門投資流入令牌的跡象，但美國政府對區塊鏈技術的興趣將以太坊置於決策者的雷達上。它已在與數字基礎設施相關的國家級計劃中引用，據報導，具有政治聯繫的金融公司增加了對ETH的風險。

After the recent price drop, trade volume has spiked, but analysts remain cautious. Some analysts see the current price zone as a possible accumulation point for the token. However, other analysts warn that Ethereum may continue losing ground to leaner, faster rivals unless major reforms are enacted.

在最近的價格下跌之後，貿易量已經飆升，但分析師仍然謹慎。一些分析師將當前價格區視為令牌的可能累積點。但是，其他分析人士警告說，除非實施重大改革，否則以太坊可能會繼續失去更精簡，更快的競爭對手。

According to cryptocurrency analyst Ben Armstrong, the price of Ethereum is currently indicating a possible bottom.

根據加密貨幣分析師本·阿姆斯特朗（Ben Armstrong）的說法，以太坊的價格目前表明可能是最底層的。

“I think we’re getting close to a bottom here. I don’t know if it’s going to break down below $1,700-$1,750 to continue this move lower, or if we’re finally going to see some sort of a bottom and bounce here,” said Armstrong.

阿姆斯特朗說：“我認為我們在這裡接近底部。我不知道它是否會在$ 1,700- $ 1,750以下分解以繼續降低這一行動，或者我們終於終於要看到某種底部並在這裡彈跳。”

Earlier this year, there was a shakeup in Ethereum’s leadership, with Buterin stepping back from day-to-day leadership.

今年早些時候，以太坊的領導層進行了改動，布丁林從日常領導層回來。

Moreover, the developer community has reportedly splintered over priorities for future upgrades, adding to the uncertainty.

此外，據報導，開發人員社區已將未來升級的優先級分散，這增加了不確定性。

Where Ethereum goes from here depends less on past achievements and more on whether it can respond to growing pressure—with innovation, governance clarity, and stronger engagement.

以太坊從這裡開始的地方很少取決於過去的成就，而更多地取決於它是否可以響應不斷增長的壓力，以及創新，治理清晰度和更強的參與。