长期的ETH价格集会取决于SEC批准实现ETF创建和积累以吸引更多投资者。

在5月7日至5月14日之间飙升43.6％之后，Ether（ETH）的价格为2,600美元，但仍低于2021年峰值4,868美元。

The price of Ether (ETH) surged 43.6% between May 7 and May 14, reaching $2,600. However, some analysts believe that this rally is just the beginning of a much larger and aggressive uptrend, raising the likelihood of a near-term rally to $5,000.

5月7日至5月14日之间，以太（ETH）的价格飙升了43.6％，达到2,600美元。但是，一些分析人士认为，这次集会只是更大，积极进取的上升趋势的开始，将近期集会的可能性提高到5,000美元。

As the dust settles on an eventful week in crypto markets, the potential for a new all-time high for ETH in 2025 remains a topic of debate, especially with the emergence of new competitive threats.

随着尘埃落定在加密货币市场的一周中，尘埃落定的一周，2025年ETH在ETH上获得新历史最高的潜力仍然是一个辩论的话题，尤其是随着新的竞争威胁的出现。

According to X user Adriano Feria, ETH is "the best candidate for institutional diversification" as professional fund managers prefer "similar levels of regulatory clarity and accessibility" through multiple spot exchange-traded funds (ETFs). However, recent data on ETF flows might not be especially encouraging.

根据X用户Adriano Feria的说法，ETH是“机构多元化的最佳候选人”，因为专业基金经理更喜欢通过多个现货交易所交易贸易资金（ETF）“相似的监管清晰度和可访问性水平”。但是，有关ETF流的最新数据可能并不是特别令人鼓舞。

Between May 12 and May 13, US-listed Ether ETFs saw net outflows of $4 million. Moreover, the size of the Ether ETF market is 92% smaller than Bitcoin's $121.5 billion, highlighting a clear lack of institutional appetite for ETH-based products.

在5月12日至5月13日之间，美国上市的Ether ETF的净流出为400万美元。此外，Ether ETF市场的规模比比特币的1,215亿美元小92％，这显然表明了对基于ETH的产品的机构食欲不足。

This might lead some traders to question how Ether can truly gain traction among professional investors, especially in the face of intensifying competition. While cryptocurrencies like Cardano (ADA), Stellar (SOL), and XRP have outperformed ETH in 2025, their chances of being included in US state-level digital asset reserves seem to have diminished.

这可能会导致一些交易者质疑以太如何真正获得专业投资者的吸引力，尤其是面对加剧竞争。尽管Cardano（ADA），Stellar（Sol）和XRP等加密货币在2025年表现优于ETH，但它们被包括在美国州级数字资产储备中的机会似乎已经减少。

This follows US President Trump's decision on March 2 to distance himself from lobbyists supporting XRP, SOL, and ADA. The "Digital Asset Stockpile" executive order issued on March 6 was notably more cautious, drawing a clear line between Bitcoin (BTC) and other altcoins.

这是在美国总统在3月2日的决定中与支持XRP，SOL和ADA的游说者保持距离的决定。 3月6日发布的“数字资产库存”行政命令更加谨慎，在比特币（BTC）和其他山寨币之间划出了明确的界限。

The best-case scenario for Ether may involve a lack of direct ETF competition, which would depend on the US Securities and Exchange Commission (SEC) rejecting several pending applications.

以太的最佳情况可能涉及缺乏直接的ETF竞争，这将取决于拒绝几个待处理申请的美国证券交易委员会（SEC）。

Analysts suggest that Ether ETFs could also benefit from in-kind creation and staking approvals — developments considered highly likely before year-end, according to Bloomberg Intelligence analyst James Seyffart.

分析师认为，根据彭博情报分析师詹姆斯·塞法特（James Seyffart）的说法，ETHER ETF也可以从实物创建和积分批准中受益。

Pectra upgrade improved scalability, setting the stage for AI adoption

Pectra升级提高了可伸缩性，为AI采用奠定了基础

Previously touted as the answer to Ether's monetary policy, the built-in burn mechanism introduced in 2021 was designed to reduce supply growth based on network demand. However, the shift in focus towards scalability through rollups has largely offset its deflationary impact.

以前被吹捧为Ether货币政策的答案，该机制在2021年推出的内置燃烧机制旨在根据网络需求减少供应增长。但是，通过汇总将注意力转向可伸缩性的转变在很大程度上抵消了其通缩影响。

Therefore, a substantial increase in onchain activity is needed for Ether to become deflationary once more. The recent Pectra upgrade has improved data transmission efficiency, setting the stage for enhanced scalability.

因此，以太再次成为缩水需要大幅增加。最近的Pectra升级提高了数据传输效率，为增强的可伸缩性奠定了基础。

Layer-2 network activity increased by 23% compared to the previous month, with the Base network leading the pack at 244.2 million transactions in 30 days, as per data from L2beat. If this momentum persists, it could generate sustained demand for ETH and help further differentiate Ethereum from rival platforms.

与上个月相比，第2层网络活动增加了23％，根据L2Beat的数据，基本网络在30天内以2.442亿美元的价格领先。如果这种势头持续存在，它可能会产生对ETH的持续需求，并有助于将以太坊与竞争对手平台区分开。

As the dust settles on an eventful week in crypto markets, the potential for a new all-time high for ETH in 2025 remains a topic of debate, especially with the emergence of new competitive threats.

随着尘埃落定在加密货币市场的一周中，尘埃落定的一周，2025年ETH在ETH上获得新历史最高的潜力仍然是一个辩论的话题，尤其是随着新的竞争威胁的出现。

According to X user Adriano Feria, ETH is "the best candidate for institutional diversification" as professional fund managers prefer "similar levels of regulatory clarity and accessibility" through multiple spot exchange-traded funds (ETFs). However, recent data on ETF flows might not be especially encouraging.

根据X用户Adriano Feria的说法，ETH是“机构多元化的最佳候选人”，因为专业基金经理更喜欢通过多个现货交易所交易贸易资金（ETF）“相似的监管清晰度和可访问性水平”。但是，有关ETF流的最新数据可能并不是特别令人鼓舞。

Between May 12 and May 13, US-listed Ether ETFs saw net outflows of $4 million. Moreover, the size of the Ether ETF market is 92% smaller than Bitcoin's $121.5 billion, highlighting a clear lack of institutional appetite for ETH-based products.

在5月12日至5月13日之间，美国上市的Ether ETF的净流出为400万美元。此外，Ether ETF市场的规模比比特币的1,215亿美元小92％，这显然表明了对基于ETH的产品的机构食欲不足。

This might lead some traders to question how Ether can truly gain traction among professional investors, especially in the face of intensifying competition. While cryptocurrencies like Cardano (ADA), Stellar (SOL), and XRP have outperformed ETH in 2025, their chances of being included in US state-level digital asset reserves seem to have diminished.

这可能会导致一些交易者质疑以太如何真正获得专业投资者的吸引力，尤其是面对加剧竞争。尽管Cardano（ADA），Stellar（Sol）和XRP等加密货币在2025年表现优于ETH，但它们被包括在美国州级数字资产储备中的机会似乎已经减少。

This follows US President Trump's decision on March 2 to distance himself from lobbyists supporting XRP, SOL, and ADA. The "Digital Asset Stockpile" executive order issued on March 6 was notably more cautious, drawing a clear line between Bitcoin (BTC) and other altcoins.

这是在美国总统在3月2日的决定中与支持XRP，SOL和ADA的游说者保持距离的决定。 3月6日发布的“数字资产库存”行政命令更加谨慎，在比特币（BTC）和其他山寨币之间划出了明确的界限。

The best-case scenario for Ether may involve a lack of direct ETF competition, which would depend on the US Securities and Exchange Commission (SEC) rejecting several pending applications.

以太的最佳情况可能涉及缺乏直接的ETF竞争，这将取决于拒绝几个待处理申请的美国证券交易委员会（SEC）。

Analysts suggest that Ether ETFs could also benefit from in-kind creation and staking approvals — developments considered highly likely before year-end, according to Bloomberg Intelligence analyst James Seyffart.

分析师认为，根据彭博情报分析师詹姆斯·塞法特（James Seyffart）的说法，ETHER ETF也可以从实物创建和积分批准中受益。

Pectra upgrade improved scalability, setting the stage for AI adoption

Pectra升级提高了可伸缩性，为AI采用奠定了基础

Previously touted as the answer to Ether's monetary policy, the built-in burn mechanism introduced in

以前被吹捧为以太货币政策的答案，内置的燃烧机制在