现在是购买以太坊的好时机吗？

近年来，以太坊正面临其最困难的伸展之一。由于价格在2025年下跌了近50％，交易价格接近1800美元，该网络的统治地位承受了压力。

Ethereum, once the undisputed king of smart contracts, is now facing one of its toughest periods. With prices down nearly 50% in 2025 and trading near $1,800, the network’s dominance is under pressure.

以太坊曾经是无可争议的智能合约之王，现在面临着最艰难的时期之一。由于价格在2025年下跌近50％，交易价格接近1,800美元，该网络的统治地位承受了压力。

Its user activity is slipping, internal friction is rising, and surging competitors like Solana and Sui are matching—or even exceeding—Ethereum’s level of activity, despite having a fraction of its market cap.

它的用户活动正在滑动，内部摩擦正在上升，尽管索兰和SUI等竞争对手的竞争者却匹配甚至超过了Ethereum的活动水平，尽管其市场上限的一小部分。

This shift in fortunes has sparked fears that Ethereum’s era of easy dominance may be coming to an end.

命运的这种转变激发了人们担心以太坊的轻松统治时代可能即将结束。

While there’s no sign of direct public-sector investment flowing into the token yet, the U.S. government’s interest in blockchain tech has placed Ethereum on the radar of policymakers. It’s been referenced in national-level programs tied to digital infrastructure, and a financial firm with political connections has reportedly added exposure to ETH.

尽管尚无直接公共部门投资流入令牌的迹象，但美国政府对区块链技术的兴趣将以太坊置于决策者的雷达上。它已在与数字基础设施相关的国家级计划中引用，据报道，具有政治联系的金融公司增加了对ETH的风险。

After the recent price drop, trade volume has spiked, but analysts remain cautious. Some analysts see the current price zone as a possible accumulation point for the token. However, other analysts warn that Ethereum may continue losing ground to leaner, faster rivals unless major reforms are enacted.

在最近的价格下跌之后，贸易量已经飙升，但分析师仍然谨慎。一些分析师将当前价格区视为令牌的可能累积点。但是，其他分析人士警告说，除非实施重大改革，否则以太坊可能会继续失去更精简，更快的竞争对手。

According to cryptocurrency analyst Ben Armstrong, the price of Ethereum is currently indicating a possible bottom.

根据加密货币分析师本·阿姆斯特朗（Ben Armstrong）的说法，以太坊的价格目前表明可能是最底层的。

“I think we’re getting close to a bottom here. I don’t know if it’s going to break down below $1,700-$1,750 to continue this move lower, or if we’re finally going to see some sort of a bottom and bounce here,” said Armstrong.

阿姆斯特朗说：“我认为我们在这里接近底部。我不知道它是否会在$ 1,700- $ 1,750以下分解以继续降低这一行动，或者我们终于终于要看到某种底部并在这里弹跳。”

Earlier this year, there was a shakeup in Ethereum’s leadership, with Buterin stepping back from day-to-day leadership.

今年早些时候，以太坊的领导层进行了改动，布丁林从日常领导层回来。

Moreover, the developer community has reportedly splintered over priorities for future upgrades, adding to the uncertainty.

此外，据报道，开发人员社区已将未来升级的优先级分散，这增加了不确定性。

Where Ethereum goes from here depends less on past achievements and more on whether it can respond to growing pressure—with innovation, governance clarity, and stronger engagement.

以太坊从这里开始的地方很少取决于过去的成就，而更多地取决于它是否可以响应不断增长的压力，以及创新，治理清晰度和更强的参与。