以太坊突破了$ 1,900的抵抗力，表现优于比特币

经过数周的犹豫，看跌压力和不确定的动力，ETH表现出更新的强度

In a surprising turn of events, Ethereum has finally breached a key resistance zone, trading above $1,900 after pushing past the long-standing $1,850 barrier. This move marks the beginning of a breakout many hoped for—but few expected to arrive so soon. After weeks of hesitation, bearish pressure, and uncertain momentum, ETH is showing renewed strength just as broader market sentiment begins to shift.

令人惊讶的是，以太坊终于违反了一个关键的阻力区，在超过了长期存在的1,850美元障碍之后，以超过1,900美元的价格交易。此举标志着许多人希望的突破的开始，但很少有人希望很快到达。经过数周的犹豫，看跌压力和不确定的动力，随着更广泛的市场情绪开始转移，ETH表现出了新的力量。

Adding weight to the breakout, new insights from CryptoQuant reveal that Ethereum is now extremely undervalued compared to Bitcoin, the first time this has occurred since 2019.

加密的新见解增加了重量，这表明与比特币相比，以太坊现在被低估了，这是自2019年以来首次发生。

“The last time we saw such a deep undervaluation of ETH/BTC was back in 2019. From this level, we saw a period of about 6-7 months where ETH went on a strong bull run, outperforming BTC significantly,”

“我们上次看到ETH/BTC的深度低估是在2019年。从这个级别开始，我们看到了大约6-7个月的ETH进行了强劲的公牛奔跑，表现出色，表现非常优于BTC，”

CryptoQuant notes.

加密音符。

This tidbit of information is crucial considering that periods of marked ETH/BTC undervaluation have historically been followed by phases of significant Ethereum outperformance.

考虑到明显的ETH/BTC低估的时期之后，这种信息的整体至关重要。

However, while the price action is leading the way, on-chain data is reinforcing the bullish case, signaling that ETH may be entering a favorable phase in its cycle.

但是，尽管价格行动正在引导，但链数据正在加强看涨案件，这表明ETH可能在其周期中进入有利的阶段。

This sunny scenario unfolds amid low expectations and skepticism, making it all the more impactful. As ETH trades above $1,900, traders and investors are watching closely for follow-through and potential continuation toward $2,000 and beyond.

这种阳光明媚的情况在较低的期望和怀疑中展现出来，使它更具影响力。随着ETH超过1,900美元的交易，贸易商和投资者正在密切关注后续行动和潜在的延续至2,000美元及以后。

If history is any guide, this recent move by Ethereum may not just be a short-term spike—it could be the beginning of a larger trend reversal, especially as the ETH/BTC valuation gap begins to close.

如果历史是任何指导，以太坊最近的这一举动可能不仅是短期的峰值，这可能是较大趋势逆转的开始，尤其是当ETH/BTC估值差距开始缩小时。

Ethereum Flirts With $2,000 As Undervaluation Sparks Bullish Hopes

以太坊调情以2,000美元的价格调情，因为低估了看涨希望的希望

The world's second-largest cryptocurrency, Ethereum, is now approaching the critical $2,000 mark, a level that, if reclaimed and held, would confirm a technical breakout and potentially usher in a broader bullish phase.

全球第二大加密货币以太坊现在正接近至关重要的2,000美元，如果被收回并举行，这一水平将确认技术突破，并有可能进入更广泛的看涨阶段。

After weeks of sluggish movement and bearish pressure, ETH is showing signs of strength across both price action and on-chain metrics. A close above $2,000 would mark a major shift in sentiment, signaling renewed confidence among investors and traders alike.

经过数周缓慢的运动和看跌压力，ETH在价格动作和链上指标中都表现出强度的迹象。超过2,000美元的收盘价将标志着情绪的重大转变，这表明投资者和交易者之间的信心恢复了。

However, the story doesn't end there. Ongoing tensions between the US and China continue to inject uncertainty into global markets, and the US Federal Reserve has shown no sign of pivoting. With interest rates expected to remain elevated and quantitative tightening (QT) still in effect, the macroeconomic backdrop remains a headwind. Should these geopolitical and monetary factors ease, Ethereum's breakout could gain sustained traction.

但是，这个故事并没有结束。美国和中国之间的持续紧张局势继续向全球市场注入不确定性，美国美联储没有显示出枢纽的迹象。由于利率预计保持升高，定量收紧（QT）仍然有效，宏观经济背景仍然是逆风。如果这些地缘政治和货币因素轻松，以太坊的突破可能会获得持续的吸引力。

According to CryptoQuant, the Ethereum-to-Bitcoin MVRV (Market Value to Realized Value) ratio highlights that ETH is now extremely undervalued compared to BTC—the first time this has occurred since 2019.

根据CryptoQuant的说法，以太坊到 - 比特币MVRV（市场价值与实现价值）的比率强调，与BTC相比，ETH现在被低估了ETH，这是自2019年以来首次发生。

“The last time we saw such a deep undervaluation of ETH/BTC was back in 2019. From this level, we saw a period of about 6-7 months where ETH went on a strong bull run, outperforming BTC significantly,” explained CryptoQuant.

“ 2019年，我们上次看到ETH/BTC的深度低估了。从这个级别开始，我们看到了大约6-7个月的时期，ETH进行了强劲的公牛奔跑，表现非常优于BTC，” CryptoQuant解释说。

Periods of marked ETH/BTC undervaluation have historically been followed by phases of significant Ethereum outperformance. Still, the bullish setup faces some internal friction.

在历史上，标记的ETH/BTC低估的时期之后是以太坊的阶段超出表现的阶段。尽管如此，看涨的设置仍面临一些内部摩擦。

The crypto behemoth is still dealing with supply pressure, weak on-chain demand, and flat network activity could stall momentum if market sentiment doesn't improve further.

加密庞然大物仍在处理供应压力，链上需求较弱，如果市场情绪无法进一步改善，则平坦的网络活动可能会停滞。

While Ethereum's current push is certainly encouraging, confirmation will only come with sustained movement above resistance and stronger fundamentals. Until then, ETH remains at a critical juncture, with the potential to lead the next leg of the crypto rally—or slip back into consolidation if external and internal pressures persist.

尽管以太坊目前的推动力肯定令人鼓舞，但确认只会随着抵抗力和更强的基本面的持续移动而进行。在此之前，ETH仍然处于关键时刻，有可能领导加密集会的下一条比赛，或者如果外部压力持续存在，则将其退回巩固。