2025 年以太坊价格预测：鲸鱼聚集，新进入者加入网络，ETH 价格目标保持积极

尽管一些大型持有者似乎在去年年底削减了头寸，但其他财力雄厚的投资者已经开始积累 ETH，这表明市值第二大的加密货币仍然得到了强劲的支持。

Major cryptocurrency ETH experienced a turbulent 2024, with a large price swing and ultimately closing the year down by about 15%. Yet despite the downturn and regulatory pressures, on-chain data suggests that large investors remained engaged in the market.

主要加密货币 ETH 经历了动荡的 2024 年，价格波动较大，最终全年下跌约 15%。然而，尽管面临经济低迷和监管压力，链上数据表明大型投资者仍在参与市场。

According to on-chain analysis, a prominent whale made a splash in early January with a purchase of more than 22,000 ETH at roughly the $3,300 range — a move that signaled a countertrend view and suggested that, despite short-term volatility, big players still see potential for sizable gains in the near future.

根据链上分析，一月初，一只著名的鲸鱼以大约 3,300 美元的价格购买了超过 22,000 枚 ETH，引起了轰动——这一举动表明了一种反趋势的观点，并表明，尽管存在短期波动，但大型参与者仍然看到在不久的将来有可能获得可观的收益。

Meanwhile, on-chain analytics also pointed to a dynamic environment. New Ethereum addresses increased over 3% in the past week, signifying fresh entrants to the network. Though active addresses briefly declined, observers saw this as a lull rather than a broader downturn, given the recent whale interest and the broader health of the ecosystem.

与此同时，链上分析也指出了一个动态的环境。过去一周，新的以太坊地址增加了 3% 以上，这意味着网络中有新成员加入。尽管活跃地址短暂下降，但鉴于最近鲸鱼的兴趣和生态系统的更广泛健康状况，观察人士认为这是一种平静，而不是更广泛的低迷。

After a flat stretch under $3,500, ETH faced repeated attempts to break free of its trading range. Indicators like the Moving Average Convergence Divergence (MACD) and Taker-Buy-Sell ratios bounced between mild bearish and bullish signals, keeping many traders on the sidelines.

在 3,500 美元以下持平之后，ETH 多次面临突破交易区间的尝试。移动平均线收敛分歧（MACD）和接受者买入卖出比率等指标在温和的看跌和看涨信号之间反弹，使许多交易者保持观望。

Still, leading analysts argued that a decisive breach of the $3,800 level could kick-start a rally toward $5,000 — an event that would likely require coordinated whale accumulation and improved overall market sentiment.

尽管如此，主要分析师认为，决定性突破 3,800 美元水平可能会引发涨势至 5,000 美元——这一事件可能需要协调鲸鱼的积累并改善整体市场情绪。

While Bitcoin significantly outperformed most cryptos in 2024, ETH's developer ecosystem and Web3 integrations remained unrivaled. Decentralized applications (dApps), decentralized finance (DeFi) protocols, and non-fungible token (NFT) platforms still heavily rely on ETH's network. Despite occasional spikes in fees and the growing popularity of Layer-2 networks, ETH continued to stand out as the default environment for cutting-edge blockchain innovation.

虽然比特币在 2024 年的表现明显优于大多数加密货币，但 ETH 的开发者生态系统和 Web3 集成仍然无与伦比。去中心化应用程序（dApps）、去中心化金融（DeFi）协议和不可替代代币（NFT）平台仍然严重依赖 ETH 网络。尽管费用偶尔会飙升并且第 2 层网络越来越受欢迎，但 ETH 仍然作为尖端区块链创新的默认环境而脱颖而出。

Whether ETH can push past $4,000 or $5,000 later this year hinges on its ability to attract ongoing whale support, entice new retail users, and deliver more efficient transactions through recent and upcoming upgrades. If these catalysts align, ETH could stage a decisive breakout and close the performance gap with Bitcoin.

ETH 在今年晚些时候能否突破 4,000 美元或 5,000 美元，取决于其吸引持续鲸鱼支持、吸引新零售用户以及通过最近和即将到来的升级提供更高效交易的能力。如果这些催化剂一致，ETH 可能会实现决定性突破，并缩小与比特币的性能差距。

Given ETH’s indispensable role in crypto markets, many experts believe that short-term price turbulence is merely part of its longer trajectory. As more large investors take advantage of sideways action to accumulate, the stage is set for ETH to not only recover its footing, but potentially reach new highs in 2025.

鉴于 ETH 在加密货币市场中不可或缺的作用，许多专家认为短期价格波动只是其长期轨迹的一部分。随着越来越多的大型投资者利用横盘整理的机会进行增持，ETH 不仅会站稳脚跟，而且有可能在 2025 年创下新高。