尽管现货 ETF 推出，以太币表现仍逊于比特币，SOL/ETH 货币对创下历史新高

以太坊相对于比特币的表现日益不佳，与其顶级区块链竞争对手 Solana 的主导地位不断下降相一致

Despite the recent launch of spot exchange-traded funds (ETFs) in the United States, Ether (ETH) has continued to underperform Bitcoin (BTC) throughout the year. This underperformance is evident in the sharp decline of the ETH/BTC pair, which reached its lowest point in three years on August 5 amid the broader market downturn.

尽管美国最近推出了现货交易所交易基金（ETF），但以太坊（ETH）全年表现仍然逊于比特币（BTC）。这种表现不佳的表现在 ETH/BTC 货币对的大幅下跌中得到了体现，在大盘低迷的背景下，该货币对于 8 月 5 日触及三年来的最低点。

The poor performance of Ether relative to Bitcoin aligns with its decreasing dominance against its top blockchain competitor, Solana (SOL). Notably, the SOL/ETH pair surged by 10.75% in the last 24 hours, reaching a new record high of 0.064 ETH on August 8. This rally coincides with the launch of spot Solana ETFs in Brazil and marks a continuation of a broader rally that began in June.

以太币相对于比特币的糟糕表现与其最大的区块链竞争对手 Solana (SOL) 的主导地位不断下降是一致的。值得注意的是，SOL/ETH 货币对在过去 24 小时内飙升 10.75%，于 8 月 8 日达到 0.064 ETH 的新纪录高点。此次反弹恰逢巴西推出现货 Solana ETF，标志着更广泛反弹的延续。六月开始。

Over the last 24 hours, Solana’s price remained largely unchanged, trading within a tight range. However, the token's price has soared by more than 75% during this period.

过去 24 小时内，Solana 的价格基本保持不变，窄幅波动。然而，该代币的价格在此期间飙升了75%以上。

The launch of spot Ether ETFs in the US has garnered attention, though the response from investors has been lukewarm. According to data from Farside Investors, these ETFs have seen outflows of $387.7 million since they began trading on August 23.

尽管投资者反应冷淡，但现货以太坊 ETF 在美国的推出引起了关注。 Farside Investors的数据显示，自8月23日开始交易以来，这些ETF已流出3.877亿美元。

In contrast, Bitcoin ETFs saw net inflows following their launch on January 11. This disparity could be attributed to differing perceptions of Bitcoin and Ether among traditional investors.

相比之下，比特币 ETF 在 1 月 11 日推出后出现了净流入。这种差异可能归因于传统投资者对比特币和以太币的不同看法。

While Bitcoin is predominantly viewed as a “store of value,” Ether serves as a platform for decentralized applications (DApps) and smart contracts. This fundamental distinction may influence the preferences of investors entering the crypto market.

虽然比特币主要被视为“价值存储”，但以太币则充当去中心化应用程序（DApp）和智能合约的平台。这种根本区别可能会影响投资者进入加密货币市场的偏好。

For instance, Ether is held as a reserve asset by only six public companies, according to CoinGecko, compared to 29 companies that hold BTC.

例如，根据 CoinGecko 的数据，只有 6 家上市公司持有以太币作为储备资产，而持有 BTC 的公司有 29 家。

From a technical perspective, Ether's decline against Bitcoin is part of a downtrend that has been unfolding within its prevailing descending channel since September 2022.

从技术角度来看，以太坊相对于比特币的下跌是自 2022 年 9 月以来在其普遍下降通道内展开的下降趋势的一部分。

In May of this year, ETH/BTC encountered resistance at the upper trendline of this channel at around 0.056 BTC and has since undergone a corrective decline of up to 30%. Notably, this upper trendline coincides with two other resistance levels: the 50-week (red) and 200-week (blue) exponential moving averages (EMA).

今年 5 月，ETH/BTC 在该通道上方趋势线 0.056 BTC 附近遇到阻力，此后经历了高达 30% 的修正性下跌。值得注意的是，这条上部趋势线与另外两个阻力位重合：50 周（红色）和 200 周（蓝色）指数移动平均线 (EMA)。

However, as of August, Ether is approaching the lower trendline of this channel for a potential rebound, with a possible upside target at around 0.050 BTC, which also aligns with the 0.236 Fibonacci retracement level for ETH/BTC.

然而，截至 8 月份，以太坊正接近该通道的较低趋势线，有可能出现反弹，上行目标可能在 0.050 BTC 左右，这也与 ETH/BTC 的 0.236 斐波那契回撤位一致。

The potential for a rebound move is further supported by Ether's weekly relative strength index (RSI) reading of 34.60, which is just four points away from the oversold threshold. Typically, an oversold RSI reading precedes a period of either rebound or consolidation in an asset's price.

以太坊的每周相对强度指数（RSI）读数为 34.60，距离超卖阈值仅 4 个点，进一步支撑了反弹的潜力。通常，超卖 RSI 读数先于资产价格的反弹或盘整期。