以太坊（ETH）价格难以从第1季度2025年恢复

以太坊是市场资本化的第二大加密货币，在2025年4月上旬继续与价格恢复斗争。

Ethereum price showed little recovery in early April as the cryptocurrency struggled to break out of bearish territory.

以太坊价格在4月初几乎没有恢复，因为加密货币努力闯入看跌领土。

ETH traded at around $1,589 on Sunday. The token had shown modest gains of nearly 3% in the past 24 hours.

ETH周日的交易价格约为1,589美元。在过去的24小时内，令牌显示出近3％的幅度。

But the cryptocurrency remained firmly in the red for the year so far. It also clocked one of its worst quarterly performances since 2016 in Q1.

但是，到目前为止，加密货币一直牢固地处于红色状态。它还为自2016年第1季度以来最糟糕的季度表演之一。

Ethereum Down 45% in Brutal First Quarter

一季度残酷的以太坊下跌45％

The second-largest cryptocurrency lost nearly 45% of its value in the three months to March 31. This decline also resulted in a staggering $170 billion reduction in market capitalization.

在截至3月31日的三个月中，第二大加密货币损失了近45％的价值。这一下降也导致市值减少了1700亿美元。

Recent price action showed that ETH failed to recover above the $1,700 level and subsequently dropped below $1,550. On April 7, the token briefly fell below the crucial $1,500 support level, reaching a low of $1,410 - its lowest point since late 2023.

最近的价格行动表明，ETH未能恢复高于1,700美元的水平，随后降至1,550美元以下。 4月7日，代币短暂低于至关重要的1,500美元支持水平，低于1,410美元，这是自2023年底以来的最低点。

The price has since rebounded slightly, climbing above the $1,550 level. However, ETH is now trading below both the $1,620 zone and the 100-hourly Simple Moving Average, indicating persistent bearish pressure.

此后，价格略有反弹，攀升至1,550美元以上。但是，ETH现在的交易价格低于1,620美元的区域和100小时简单的移动平均线，表明持续的看跌压力。

According to technical analysis, a connecting bearish trend line with resistance stands at $1,615 on the hourly chart. The currency faces significant hurdles in the vicinity of this level, with additional resistance situated around $1,660.

根据技术分析，每小时图表上，与阻力连接的趋势线与阻力为1,615美元。该货币在该级别附近面临重大障碍，额外的阻力约为1,660美元。

The first major resistance is at $1,720. A successful break above this level could propel ETH toward $1,820 or potentially $1,880 if momentum builds.

第一个主要阻力为1,720美元。超过此水平的成功中断可能会推动ETH的$ 1,820，或者如果动量建立，则可能会推动ETH的1,880美元。

Further market activity showed that trading volume soared to $40.88 billion in the last 24 hours, indicating increased volatility. This represents a 38.34% rise.

进一步的市场活动表明，在过去24小时内，交易量飙升至408.8亿美元，这表明波动性的增加。这代表增长38.34％。

The volume accounts for about 22.11% of the total cryptocurrency market cap and suggests heightened trader activity amid uncertain market conditions.

该销量约占加密货币市值总数的22.11％，并在市场条件下表明交易者活动增加。

Ethereum's current market cap is $191.81 billion, with a circulating supply of 120.67 million ETH. Unlike Bitcoin, Ethereum does not have a maximum supply cap, which introduces an inflationary element that may affect long-term price expectations despite recent economic modifications to the token.

以太坊目前的市值为1.9181亿美元，循环供应量为1.2067亿。与比特币不同，以太坊没有最大的供应上限，这引入了一种通货膨胀因素，尽管最近对代币进行了经济修改，但可能会影响长期价格期望。

The recent market downturn coincided with broader turbulence that resulted in nearly $890 million in crypto liquidations in a single day. Asian share markets were among the biggest losers during this period, highlighting the increasing correlation between traditional financial markets and cryptocurrencies.

最近的市场低迷与更广泛的动荡相吻合，一日导致了近8.9亿美元的加密货币清算。在此期间，亚洲股票市场是最大的失败者之一，强调了传统金融市场与加密货币之间的不断增长。

Pectra Upgrade Offers Hope Amid Challenges

Pectra升级在挑战中提供希望

On the other hand, Ethereum developers have scheduled the Pectra upgrade for May 7. This will be the most significant update to the blockchain since March 2024 and could attract renewed interest in the Ethereum ecosystem.

另一方面，以太坊开发人员已安排了5月7日的Pectra升级。这将是自​​2024年3月以来对区块链的最重要更新，并可能引起对以太坊生态系统的新兴趣。

The upgrade comprises 11 improvements across three key areas: staking experience enhancement, wallet feature additions, and network infrastructure upgrades. One notable change will allow staking of up to 2,048 ETH, providing relief to users currently restricted to 32 ETH per validator.

升级包括在三个关键领域进行的11项改进：Staking Experience增强，钱包功能添加和网络基础架构升级。一个值得注意的更改将使高达2,048的ETH占有，从而为目前限制为每个验证器的32个ETH的用户提供缓解。

Ethereum achieved an impressive milestone in March by overtaking other trading pairs to claim the top position in DEX trading volume for the first time since September 2024. Decentralized exchanges on Ethereum traded $64 billion in spot volume, outperforming both Solana and BSC.

以太坊在3月实现了令人印象深刻的里程碑，即超过其他交易对以自2024年9月以来首次夺取DEX交易量的最高职位。以太坊上的分散交易所交易的现货量为640亿美元，超过了Solana和BSC。

The network currently hosts about $124.5 billion in stablecoins and $49 billion in DeFi value, maintaining its leadership despite price volatility. These figures indicate continued usage of the Ethereum ecosystem regardless of price fluctuations.

该网络目前拥有约1,245亿美元的稳定币和490亿美元的Defi价值，尽管价格波动，但仍保持领导能力。这些数字表明，无论价格波动如何，以太坊生态系统的继续使用。

However, institutional interest has waned in recent weeks, with Ethereum ETFs experiencing withdrawals of $403 million in March alone. This cautious approach likely reflects broader uncertainty about Ethereum's near-term prospects.

但是，最近几周的机构利益已经减弱，仅3月，以太坊ETF就会撤回4.03亿美元。这种谨慎的方法可能反映了以太坊的近期前景的更广泛的不确定性。

Standard Chartered analysts have revised their year-end ETH price forecast downward from $10,000 to $4,000. They attribute this adjustment to competition from Ethereum's layer-2 scaling solutions, which have attracted users seeking lower transaction fees.

标准特许分析师已将其年终ETH价格预测从10,000美元下降到4,000美元。他们将这种调整归因于以太坊2层缩放解决方案的竞争，这些解决方案吸引了寻求较低交易费用的用户。

If the $1,500 support level holds, Ethereum could potentially push toward the psychological barrier of $2,000. Some analysts suggest the token could reach as high as $2,200 within weeks if market sentiment improves.

如果$ 1,500的支持水平成立，以太坊可能会推向2,000美元的心理障碍。一些分析师认为，如果市场情绪改善，则令牌可能会在几周内高达2200美元。

Conversely, continued bearish pressure could drive ETH down to test support at $1,400 or potentially fall further toward $1,000. The nearest resistance levels are at $1,850 and $1,920, with a break above the latter potentially triggering a rally toward $2,000.

相反，持续的看跌压力可能会推动ETH以1,400美元的价格测试支持，或者可能进一步降至1,000美元。最近的电阻水平为$ 1,850和1,920美元，超过后者的突破可能会触发集会至2,000美元。

Looking ahead, Ethereum's long-term potential remains substantial despite current challenges. The network continues to lead in real-world asset tokenization, controlling 54% of the market with $5 billion in tokenized assets

展望未来，尽管目前面临挑战，以太坊的长期潜力仍然很大。该网络继续领先于现实世界中的资产令牌，以50亿美元的标记资产控制54％的市场