以太坊（ETH）在过去一个月中恢复了56％，达到2,565.95美元

以太坊（ETH）在过去一个月中恢复了56％，在2025年5月15日写作时达到了2,565.95美元。

Ethereum (ETH) has experienced a 56% recovery over the past month, reaching $2,565.95 at the time of writing on May 15, 2025. This renewed growth for Ethereum, following months where it lagged Bitcoin and newer Layer 1 competitors, highlights shifts in institutional strategy, emerging blockchain technology use cases, and a broader market move away from single-asset dominance.

以太坊（ETH）在过去一个月中经历了56％的恢复，在2025年5月15日撰写本文时达到了2,565.95美元。在几个月之后，这种以太坊的增长增长了，它落后比特币和较新的第1层竞争对手，突出了机构策略的变化，在机构策略，逐渐构成障碍物的用途案例和宽广的市场上，较宽的市场和宽广的市场都在宽广的市场。

The ETH recovery began around April 24, when ETH traded below $1,700, and accelerated between May 8 and May 13, briefly passing $2,700 before stabilizing.

ETH回收开始于4月24日左右，当时ETH的交易低于1,700美元，并在5月8日至5月13日之间加速，在稳定之前短暂通过了2,700美元。

Structural Developments Drive Ethereum’s Resurgence

结构性发展推动以太坊的复兴

While general crypto market sentiment has improved, Bernstein, a research firm, highlights key structural developments in a client note, contributing to Ethereum’s rise. These factors include increased activity in stablecoin payments, the expansion of Layer 2 networks, and a notable change in hedge fund trading behavior concerning ETH.

尽管一般加密市场的情绪有所改善，但研究公司伯恩斯坦（Bernstein）强调了客户票据中的关键结构发展，这有助于以太坊的崛起。这些因素包括增加稳定币的活动，第2层网络的扩展以及对冲基金交易行为的显着变化。

Ethereum Strengthens Hold on Stablecoin and Tokenization Networks

以太坊增强对稳定和令牌化网络的持有

According to Bernstein, Ethereum’s role within the stablecoin and tokenization network is expanding. The Ethereum network now supports over half of the total stablecoin supply. This foundational role is growing in importance as traditional companies, like Stripe with its $1.1 billion acquisition of stablecoin platform Bridge and Meta’s renewed focus on its stablecoin project, are entering the crypto space.

根据伯恩斯坦的说法，以太坊在Stablecoin和令牌化网络中的作用正在扩大。现在，以太坊网络支持总稳定供应的一半以上。作为传统公司，这种基本角色的重要性越来越重要，例如Stripe，其11亿美元收购了Stablecoin Platform Bridge以及Meta的重新关注的对Stablecoin项目的重点是进入加密货币领域。

Moreover, the broader use of stablecoin payments and tokenized securities is propelling Ethereum into a central platform for these transactions.

此外，更广泛地使用Stablecoin付款和令牌证券正在将以太坊推向这些交易的中心平台。

Dominance in Real-World Asset Tokenization Boosts Ethereum

现实世界中的主导地位的主导地位促进以太坊

This increased focus aligns with Ethereum’s growing dominance in the real-world asset (RWA) tokenization market. Data from RWA.xyz indicates a market size of over $22 billion, with major asset managers, such as BlackRock and Franklin Templeton, deploying assets on-chain.

这种增加的焦点与以太坊在现实世界中的统治地位（RWA）代币化市场的统治地位保持一致。 RWA.xyz的数据表明，贝莱德（Blackrock）和富兰克林·邓普顿（Franklin Templeton）等主要资产经理的市场规模超过220亿美元。

As Ethereum remains the preferred platform for these tokenized financial products, its significance in institutional blockchain adoption is expanding.

由于以太坊仍然是这些令牌化金融产品的首选平台，因此其在机构区块链采用方面的重要性正在扩大。

Layer 2 Ecosystem and Institutional Use Cases Expand ETH Value

第2层生态系统和机构用例扩大了ETH价值

Institutional adoption is also evident through Ethereum’s Layer 2 ecosystem. Networks like Base, started by Coinbase (NASDAQ:COIN), generated roughly $84 million in revenue last year. These Layer 2s operate on Ethereum and require ETH for gas and settlement.

通过以太坊的第2层生态系统，机构采用也很明显。 Coinbase（NASDAQ：COIN）启动的基本网络，去年的收入约为8400万美元。这些第2层在以太坊上运行，需要ETH进行气体和沉降。

Bernstein suggests that their adoption by firms like Robinhood (NASDAQ:HOOD), which recently acquired WonderFi, an Ethereum Layer 2 operator, could expand tokenized offerings through retail brokerage platforms. This activity supports Ethereum’s value through increased usage and transaction volume.

伯恩斯坦（Bernstein）建议，诸如Robinhood（Nasdaq：Hood）等公司的采用，该公司最近收购了以太坊2层操作员Wonderfi，可以通过零售经纪平台扩展令牌化产品。该活动通过增加的使用和交易量来支持以太坊的价值。

Shifting Hedge Fund Strategies Favor Ethereum

转移对冲基金策略有利于以太坊

Finally, changes in trading patterns are contributing to Ethereum’s recent price increase. Over the past 18 months, hedge funds have often used ETH as part of delta-neutral strategies, going long on BTC or SOL while shorting ETH. This short positioning is being reversed as the market narrative shifts toward blockchain utility and away from solely store-of-value use.

最后，交易模式的变化导致以太坊最近的价格上涨。在过去的18个月中，对冲基金经常将ETH用作三角洲中立策略的一部分，在短时间使用BTC或SOL时进行了长期。随着市场叙事向区块链公用事业转移并远离仅使用价值的商店，这种短暂的定位正在逆转。