以太坊（ETH）价格预测：合并会在2040年之前拯救网络免于灭绝吗？

不幸的是，根据埃里克·巴尔库纳斯（Eric Balchunas）的说法，如果没有持续的看涨集会或强有力的叙述，即使有强大的胜利，Eth流也会停滞不前。

While Ethereum ETFs are struggling to attract investors, the crypto is going through a turbulent phase. Unfortunately, without a sustained bullish rally or a strong narrative, even with powerful staking, ETH flows will stagnate according to Eric Balchunas. Coming to the rescue, Vitalik Buterin is launching an emergency plan to prevent collapse… but several signs already forecast Ethereum’s extinction by 2040.

尽管以太坊ETF正在努力吸引投资者，但加密货币正处于动荡的阶段。不幸的是，根据埃里克·巴尔库纳斯（Eric Balchunas）的说法，如果没有持续的看涨集会或强有力的叙述，即使有强大的胜利，Eth流也会停滞不前。即将进行救援，Vitalik Buterin正在制定一项紧急计划，以防止崩溃……但是几个迹象已经预测以太坊的灭绝到2040年。

Since their launch in the United States in July 2024, Ethereum ETFs have not enjoyed the same enthusiasm as their Bitcoin counterparts. The cause: disappointing performance from the network’s native crypto, Ethereum. For Eric Balchunas, ETF analyst at Bloomberg, staking, even if authorized, will have only a “limited impact” without a genuine rally.

自2024年7月在美国推出以来，Ethereum ETF的热情与比特币同类产品的热情并不相同。原因是：该网络本地加密以太坊的令人失望的表现。对于彭博社的ETF分析师Eric Balchunas而言，即使授权，Staking也只会在没有真正的集会的情况下具有“有限的影响”。

“It is an option that can help, but it will not be enough to reverse the trend,” he explained in the New Era Finance podcast on April 29. Currently, the SEC has not yet given the green light to allow Ether ETFs to offer staking, a decision that could come between May and October.

他在4月29日的新时代金融播客中解释说：“这是可以提供帮助的选择，但这还不足以扭转趋势。

Eric Balchunas highlights the lack of prolonged bullish momentum. After a peak at $4,107 on December 16, 2024 — thanks to a rally triggered by Donald Trump’s election victory — Ethereum plunged 56%, falling to around $1,809 by the end of April 2025. As a result, capital inflows into ETFs dropped as quickly as they had risen.

埃里克·巴尔丘纳斯（Eric Balchunas）突出了缺乏长期看涨势头的势头。在2024年12月16日达到高峰为4,107美元之后，这要归功于唐纳德·特朗普（Donald Trump）的选举胜利引发的集会 - 以太坊跌落了56％，到2025年4月底，以太坊跌至1,809美元左右。结果，资本流入ETF中的ETF迅速下降，因为它们的患有Risen。

Yet, between November 22 and December 10, 2024, these ETFs recorded 2.6 billion dollars in net inflows! But this momentum quickly faded. So, to rekindle investor interest, Balchunas believes that “a strong real narrative” combined with a prolonged rise is needed. As it stands, Ethereum still seems far from achieving this.

然而，在2024年11月22日至12月10日之间，这些ETF记录了26亿美元的净流入！但是这种势头很快消失了。因此，为了重新激发投资者的兴趣，Balchunas认为需要“强大的真实叙事”与长时间的上升相结合。就目前而言，以太坊似乎还没有实现这一目标。

Facing existential threats weighing on Ethereum, Vitalik Buterin is deploying a true emergency plan for 2025. His priorities: strengthening network infrastructure with instant finality, security at all levels, privacy, and decentralization. Moreover, he promotes a global decentralized ecosystem, ranging from DAOs to decentralized AI, as well as Web3 social networks.

Vitalik Buterin面临着对以太坊的生存威胁，正在部署2025年的真正紧急计划。他的优先事项：以即时最终终止，所有级别的安全性，隐私和权力下放的方式加强网络基础设施。此外，他推广了一个全球分散的生态系统，从DAOS到分散的AI以及Web3社交网络。

The goal is to maximize a “meaningful” use of Ethereum and its technical and social resilience. But if this strategy fails, Charles Hoskinson predicts nothing less than the extinction of Ethereum … within the next 15 years.

目的是最大程度地利用以太坊及其技术和社会弹性的“有意义”。但是，如果这种策略失败了，查尔斯·霍斯金森（Charles Hoskinson）预测以太坊的灭绝……在未来15年内。

According to the co-founder of Cardano, several factors could lead to this outcome. In an interview with InstiCoin, Hoskinson explained that if Bitcoin faces difficulties, institutions might abandon cryptocurrencies altogether.

根据Cardano的联合创始人的说法，几个因素可能导致这一结果。霍斯金森在接受Insticoin的采访时解释说，如果比特币面临困难，机构可能会完全放弃加密货币。

Furthermore, he believes that blockchain projects are not advancing quickly enough, which could tire out investors. Finally, if the narrative around crypto fails to take hold with the general public, interest will wane.

此外，他认为区块链项目的进步不够快，这可能会疲倦。最后，如果围绕加密货币的叙述未能与公众相处，那么兴趣将减少。

Therefore, Ethereum is playing for its survival over the coming years. Without a durable rebound or significant adoption of its core values, even ETFs and staking will not suffice. Vitalik Buterin’s plan is clear, but failure could mark the end of a crypto giant by 2040.

因此，以太坊在未来几年为生存而努力。如果没有持久的反弹或对其核心价值的大量采用，即使是ETF和Staking也不足够。 Vitalik Buterin的计划很明确，但失败可能标志着到2040年的加密巨头的终结。

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The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

世界正在发展，适应是在这个起伏的宇宙中生存的最佳武器。我最初是加密社区经理，我对与区块链及其衍生物直接或间接相关的任何事物感兴趣。为了分享我的经验并促进我热衷的领域，没有什么比撰写内容丰富且放松的文章更好。