2025年为以太坊涂了一个动荡的画布

与看涨的预测相对于以太坊的下降低于2,000美元的阈值

In the turbulent realm of cryptocurrencies, Ethereum—the world’s second-largest digital asset—has encountered a period of volatility, diverging from the bullish predictions that once dominated the market. After a stark descent below the $2,000 threshold, a level not seen for over a year, investors are now grappling with a sense of unease. However, amidst the prevailing bearish sentiment, on-chain data and institutional activity suggest that the world’s leading smart contract chain could be setting the stage for a dramatic rebound.

在加密货币的动荡领域中，以太坊（世界第二大数字资产）遇到了一段时期的波动，这与曾经统治市场的看涨预测不同。在低于$ 2,000的门槛的鲜明下降后，一年多的水平就没有达到一个水平，现在投资者正在努力应对不安的感觉。但是，在普遍的看跌情绪，链上数据和机构活动中，这表明世界领先的智能合同链可能为戏剧性的反弹奠定了基础。

After a steep decline from the $2,700 zone, which bounded the cryptocurrency for nearly eight months, renewed buying interest emerged as ETH dropped below $1,900. This move brought the cryptocurrency close to a critical support level around $1,800, a zone that had previously offered support in early 2023. The ability of Ethereum to hold above this crucial support band will be interesting to watch as it could determine the cryptocurrency’s short-term price trends.

在$ 2,700的区域下降了近八个月的2700美元区域后，由于ETH跌至1,900美元以下，因此出现了近八个月的加密货币。这一举动使加密货币接近关键的支持水平近于1,800美元左右，该区域以前在2023年初提供了支持。以太坊超越此至关重要的支持乐队的能力将很有趣，因为它可以确定加密货币的短期价格趋势。

If Ethereum manages to stay above the $1,800 zone and technical analysis indicates that the cryptocurrency could be forming a triple bottom pattern. This pattern is formed when an asset drops to the same support level three times before bouncing back up. A breakout above the neckline of the triple bottom pattern, which is located around the $2,200 zone, could confirm a bullish reversal and open the way for further gains.

如果以太坊设法保持高于$ 1,800的区域，并且技术分析表明加密货币可能形成三重底部模式。当资产降至相同的支撑级别3次之前，在弹跳之前，就会形成这种模式。三重底部图案领口上方的突破，位于2,200美元的区域附近，可以确认看涨的逆转并为进一步的增长打开道路。

On the other hand, if there is no triple bottom pattern and ETH drops below the $1,800 zone, then further declines to $1,500 or lower may occur. The cryptocurrency market is renowned for its volatility, and unexpected events can trigger rapid price swings. As always, investors should be prepared for anything and use proper risk management.

另一方面，如果没有三重底部模式并且ETH下降到1,800美元以下，则可能会进一步下降至$ 1,500或更低。加密货币市场以其波动性而闻名，意外事件可能会触发快速价格波动。与往常一样，投资者应为任何事情做好准备并使用适当的风险管理。

The cryptocurrency market has been battered by a confluence of macroeconomic headwinds, largely focused on the specter of rising interest rates. These rate hikes, designed to combat inflation, have dampened investor appetite for risk assets, including cryptocurrencies.

加密货币市场受到宏观经济逆风的融合的袭击，主要集中在利率上升的幽灵上。这些旨在打击通货膨胀的速度加息已经削弱了投资者对包括加密货币在内的风险资产的需求。

Moreover, regulatory uncertainty has intensified, casting a shadow of doubt over the long-term viability of certain projects. The cryptocurrency industry has been a subject of keen interest by regulators worldwide, who are still working to fully integrate digital assets into the existing financial framework.

此外，监管不确定性加剧了，在某些项目的长期生存能力中引起了怀疑的阴影。加密货币行业一直是全球监管机构敏锐的兴趣的主题，他们仍在努力将数字资产完全整合到现有的财务框架中。

This process has been marked by varying approaches across different jurisdictions, leading to a constantly evolving regulatory landscape. In the United States, the Securities and Exchange Commission (SEC) has taken a keen interest in the cryptocurrency sector.

该过程以不同司法管辖区的不同方法为标志，导致不断发展的监管格局。在美国，证券交易委员会（SEC）对加密货币部门充满了权益。

Earlier this year, the SEC sued major cryptocurrency exchange, Binance, and its CEO Changpeng Zhao for operating without proper registration and engaging in the illegal sale of securities.

今年早些时候，SEC起诉了主要的加密货币交易所，Binance及其首席执行官Changpeng Zhao在没有适当注册并从事非法出售证券的情况下运营。

This lawsuit followed a similar case filed against leading cryptocurrency exchange Coinbase (NASDAQ:COIN) for allegedly offering unregistered securities to U.S. investors through its cryptocurrency staking program.

该诉讼遵循针对领先的加密货币交易所Coinbase（NASDAQ：COIN）提起的类似案件，要求通过其加密货币企业制定计划向美国投资者提供未注册的证券。

Despite the SEC’s cases, a federal judge ruled that the cryptocurrency market is not a Ponzi scheme, a claim that a group of investors had made in a lawsuit against cryptocurrency startup LBank. The investors had argued that cryptocurrency platforms mislead users into investing in a pyramid scheme.

尽管SEC案件的案件，但联邦法官裁定加密货币市场不是庞氏骗局，声称一群投资者在针对加密货币初创公司Lbank的诉讼中提出了一组投资者。投资者认为，加密货币平台误导了用户投资于金字塔计划。

However, the lack of clear regulations has also posed challenges for cryptocurrency firms in launching new products and services. For instance, the U.S. Congress is still working on comprehensive legislation for cryptocurrencies, despite bipartisan efforts to introduce bills earlier this year.

但是，缺乏明确的法规在推出新产品和服务方面也对加密货币公司构成了挑战。例如，尽管两党于今年早些时候提出法案，但美国国会仍在制定全面的加密货币立法。

After months of deliberation, a House committee finally approved a bill that would create a framework for registering and selling digital assets with the Commodities Futures Trading Commission (CFTC).

经过几个月的审议，众议院委员会终于批准了一项法案，该法案将创建一个框架，用于在商品期货交易委员会（CFTC）上注册和销售数字资产。

This bill, named the "Responsible Financial Innovation Act," was approved by the House Financial Services Committee in May and now needs to be passed by the full House of Representatives. However, it is unclear if the Senate will also vote on the bill before the year ends.

该法案被称为“负责任的金融创新法”，于5月获得众议院金融服务委员会的批准，现在需要全部众议院通过。但是，目前尚不清楚参议院是否还会在年底之前对该法案进行投票。

Despite the lack of complete legislation, a bipartisan group of U.S. senators is optimistic that a comprehensive cryptocurrency bill could be passed by the year’s end. This follows a period of heightened scrutiny on cryptocurrency firms by the SEC, which has sued several firms for operating unregistered exchanges or selling unregistered securities.

尽管缺乏完整的立法，但美国参议员的两党群体乐观地认为，在年底之前可以通过一项全面的加密货币法案。这是在SEC对加密货币公司进行了一段时间的审查之后，该公司已起诉多家公司以操作未注册的交易所或出售未注册的证券。

The senators, who are members of the Senate Banking Committee, said in a joint statement on Thursday that they are working on an "omnibus" cryptocurrency bill that would provide much-needed clarity on how digital assets are regulated in the United States.

参议员是参议院银行委员会成员的参议员在周四的一份联合声明中说，他们正在制定一项“综合”加密货币法案，该法案将对美国如何规范数字资产进行急需的清晰度。

“We are working together in a bipartisan manner to provide the certainty and stability that is desperately needed for this rapidly growing industry,” said the senators, who include Democratic Senators Mark Warner and Tim Kaizer, and Republican Senators Todd Young and Mike Rounds.

包括民主党参议员马克·华纳（Mark Warner）和蒂姆·凯泽（Tim Kaizer）以及共和党参议员托德·杨（Todd Young）和迈克·福尔斯（Mike Rounds）的参议员说：“我们以两党的方式共同努力，提供了迫切需要的确定性和稳定性。”

The statement follows a meeting between the senators and cryptocurrency executives earlier this week to discuss pressing issues such as converging on definitions for digital asset tokens and determining which federal agency—the SEC or CFTC—would oversee specific cryptocurrencies.

该声明是在本周早些时候参议员与加密货币高管之间的一次会议之后，讨论了诸如数字资产代币定义的融合，并确定哪个联邦机构（SEC或CFTC）将监督特定的加密货币。

″We had a productive conversation today with cryptocurrency executives about the urgent need for Congress to provide clear and consistent regulatory certainty for the digital asset

“今天，我们与加密货币高管进行了富有成效的对话，即国会迫切需要为数字资产提供明确，一致的监管确定性