特朗普宣布对中国关税停顿后，以太坊（ETH）价格飙升21％

以太坊在周三强大的反弹使市场感到惊讶，比最近的1,380美元的低点飙升了21％以上。

U.S. President Donald Trump announced on Wednesday a 90-day pause on reciprocal tariffs for all countries except China, and this development has brought some optimism to global markets.

美国总统唐纳德·特朗普（Donald Trump）周三宣布，除了中国以外的所有国家，所有国家的相互关税暂停了90天，这一发展给全球市场带来了一些乐观。

Following this announcement, several risk assets saw a strong recovery, especially in the cryptocurrency domain. Among the top gainers is Ethereum (CRYPTO: ETH), which surged more than 21% from its recent low of $1,380.

在此公告之后，一些风险资产的恢复强劲，尤其是在加密货币领域。最高获利者中有以太坊（Crypto：ETH），该元素飙升了其最近的1,380美元的低点超过21％。

Announced earlier this week, Trump’s decision to halt new tariffs for 90 days will affect all countries except China, which is still subject to a 145% tariff on $250 billion worth of goods. This move comes amid escalating trade tensions between the US and other nations, particularly China, which has led to increased tariffs on various products.

特朗普在本周早些时候宣布，决定停止新关税90天的决定将影响除中国以外的所有国家，而中国除外，这仍然对价值2500亿美元的商品征收145％的关税。这一举动是由于美国与其他国家（尤其是中国）之间的贸易紧张局势升级，这导致了各种产品的关税。

The Trump administration has been using tariffs as a tool to try and renegotiate trade deals that it believes are unfair to the U.S. However, these tariffs have had a significant impact on businesses and consumers around the world.

特朗普政府一直在使用关税来尝试并重新谈判它认为对美国不公平的交易，但是这些关税对世界各地的企业和消费者产生了重大影响。

In the past few months, the Trump administration has imposed tariffs on $300 billion worth of Chinese goods, and China has retaliated with tariffs on $110 billion worth of U.S. goods. These tariffs have covered a wide range of products, including food, textiles, and machinery.

在过去的几个月中，特朗普政府对价值3000亿美元的中国商品征收关税，中国对价值1,100亿美元的美国商品的关税进行了报复。这些关税涵盖了各种产品，包括食品，纺织品和机械。

The Trump administration has also been critical of the European Union’s trade practices, and has threatened to impose tariffs on cars and other goods imported from the EU.

特朗普政府还批评了欧盟的贸易行为，并威胁要对从欧盟进口的汽车和其他商品征收关税。

Despite the recent move to pause new tariffs, it remains to be seen whether the Trump administration will be able to reach a trade agreement with China or other countries before the 90-day period expires.

尽管最近暂停了新的关税，但特朗普政府是否能够在90天到期之前与中国或其他国家达成贸易协定还有待观察。

CryptoQuant’s on-chain data reveals that despite the impressive rally, the price of Ethereum is still lagging behind its realized price. This figure represents the average price at which all the ETH in circulation last moved.

CryptoQuant的链链数据表明，尽管集会令人印象深刻，但以太坊的价格仍落后于其实现的价格。这个数字代表了所有流通上最后移动的平均价格。

Typically, when the spot price falls below the realized price, it indicates that the market is in a strong accumulation phase, with opportunistic traders and long-term investors capitalizing on discounted levels.

通常，当现货价格低于实现的价格时，它表明市场处于强大的积累阶段，机会主义交易者和长期投资者都利用了折扣水平。

This scenario usually presents a high-probability buying zone, a sight that is often seen once per cycle, presenting a unique opportunity for contrarian investors to disregard short-term noise and macroeconomic uncertainty.

这种情况通常是一个高概率的购买区，这种景象通常是每个周期一次，这为逆势投资者提供了无视短期噪音和宏观经济不确定性的独特机会。

However, in the present cycle, this scenario has unfolded in a broader macroeconomic context of heightened uncertainty, largely driven by the ongoing U.S.-China trade dispute, which has kept market participants on edge.

但是，在目前的周期中，这种情况在不确定性的更广泛的宏观经济环境中展现出来，这在很大程度上是由正在进行的美国 - 中国贸易争端驱动的，后者使市场参与者处于优势。

Earlier this week, the Trump administration announced a 90-day reprieve on new tariffs, focusing specifically on France, Germany, Spain, and China.

本周早些时候，特朗普政府宣布对新的关税进行90天的缓刑，专门针对法国，德国，西班牙和中国。

This decision follows months of escalating trade tensions, particularly with China, which saw rolling tariffs imposed on $400 billion worth of goods.

这一决定是在数月加剧贸易紧张局势之后，尤其是与中国，后者对价值4000亿美元的商品征收了滚动关税。

Although this move to stall new tariffs is being viewed positively by market analysts, who anticipate a period of calm, several economists have expressed skepticism, predicting that the Trump administration might introduce another round of tariffs once the 90-day period concludes.

尽管市场分析师对新的关税持续了新的关税，他们预计一段平静的时期，但几位经济学家表示怀疑，预测，一旦90天的结束，特朗普政府可能会引入另一轮关税。

Despite this caveat, the announcement had a noticeable impact on risk assets, with global equities opening higher and the U.S. futures market showing gains of 0.7% in the morning session.

尽管有这一警告，但该公告对风险资产产生了明显影响，全球股票开放较高，美国期货市场在早晨会议上的增长为0.7％。

After a turbulent few months, crypto traders also observed a shift in the market, with several major coins like Bitcoin (CRYPTO:BTC) and Ethereum showing signs of recovery.

经过几个月动荡的几个月后，加密货币交易员还观察到市场的变化，比特币（Crypto：BTC）和以太坊等几个主要硬币显示出恢复的迹象。

At the time of writing, Bitcoin is trading up 6% in the past 24 hours and 14% in the past seven days. Meanwhile, Ethereum has risen more than 10% in the past 24 hours and over 20% in the past seven days.

在撰写本文时，在过去的24小时中，比特币在过去七天中的交易量增长了6％，而比特币的交易量为14％。同时，在过去的24小时中，以太坊在过去七天中增长了10％以上，超过20％。

Other major coins like Cardano (CRYPTO:ADA) and Polkadot (CRYPTO:DOT) also saw triple-digit gains in the past seven days.

其他主要硬币，例如Cardano（加密货币：ADA）和Polkadot（Crypto：Dot），在过去的七天中也看到了三位数的增长。

In other news, the latest data from Glassnode shows that Bitcoin’s Long-Term Holder (LTH) supply is now at a 16-month high. According to on-chain analytics firm Glassnode, the portion of Bitcoin that has remained dormant for more than 155 days has reached a total of 10.1 million coins.

在其他新闻中，GlassNode的最新数据表明，比特币的长期持有人（LTH）供应现在为16个月。根据链分析公司GlassNode的说法，一直处于休眠状态超过155天的比特币的一部分总计达到了1010万个硬币。

This development comes after a period of persistent selling pressure, mainly driven by short-term holders (STH), who typically hold coins for less than 100 days. However, LTHs have remained largely unfazed by the recent price fluctuations and have continued to accumulate their BTC holdings throughout the bear market.

这一发展是在一段时间持续的销售压力之后，主要是由短期持有人（STH）驱动的，他们通常将硬币持续不到100天。但是，LTHS在最近的价格波动中仍然很大程度上不满意，并继续在整个熊市中积累其BTC持有量。

As the price of Bitcoin falls below the realized price, it indicates that on-chain value is being destroyed. However, this scenario usually presents a high-probability buying zone, a sight that is often seen once per cycle.

随着比特币的价格低于已实现的价格，这表明链值正在被破坏。但是，这种情况通常是一个高概率的购买区，这一景点通常是每个周期一次。

This presents a unique opportunity for contrarian investors to disregard short-term noise and macroeconomic uncertainty, focusing instead on the long-term potential of the asset.

这为逆势投资者提供了无视短期噪音和宏观经济不确定性的独特机会，而是集中在资产的长期潜力上。

According to CryptoQuant analyst Maperoğlu, this scenario

根据加密分析师Maperoğlu的说法，这种情况