Ethereum and Altcoins Fall to Multi-Week Lows

以太幣和山寨幣跌至數週低點

Ethereum and other cryptocurrencies have experienced a steep decline, reaching lows not seen in several weeks. This bearish trend has also impacted Bitcoin (BTC) and decentralized finance (DeFi) tokens. Ethereum's price has retraced significantly, eroding recent gains.

以太坊和其他加密貨幣經歷了急劇下跌，達到了幾週來未見的低點。這種看跌趨勢也影響了比特幣（BTC）和去中心化金融（DeFi）代幣。以太幣的價格大幅回落，侵蝕了近期的漲幅。

Market Decline Driven by Declining Confidence

信心下降導致市場下跌

The primary factor contributing to the market decline is a loss of investor confidence, with many attributing it to a broader market correction. The total crypto market capitalization has dropped to $2.11 trillion, reflecting a 4.8% decrease in the past 24 hours. Several altcoins have suffered even greater losses, further exacerbating negative sentiment.

導致市場下跌的主要因素是投資者信心喪失，許多人將其歸因於更廣泛的市場調整。加密貨幣總市值已降至 2.11 兆美元，過去 24 小時內下跌 4.8%。幾種山寨幣遭受了更大的損失，進一步加劇了負面情緒。

Ethereum Price Nears $3,000

以太幣價格接近 3,000 美元

Earlier this year, Ethereum and other crypto assets soared to record highs following the approval of Bitcoin spot ETFs in the United States. However, despite previous gains and institutional interest, recent sell-offs have dampened market sentiment. Ethereum is currently trading at $3,075, marking a 7% drop in the past 24 hours. Weekly losses have exceeded 11%, while monthly figures have plunged over 19%.

今年早些時候，隨著美國批准比特幣現貨 ETF，以太坊和其他加密資產飆升至歷史新高。然而，儘管之前有所上漲並引起機構興趣，但最近的拋售削弱了市場情緒。以太坊目前交易價格為 3,075 美元，在過去 24 小時內下跌了 7%。週損失已超過 11%，而每月損失則暴跌超過 19%。

Outflows Signal Potential Sales

資金流出預示著潛在的銷售

Outflows from Ethereum have led to declines in other altcoins as well. Ethereum's market capitalization has fallen to $367 billion, and daily trading volume has exceeded $20 billion. Earlier projections of sustained growth above $4,000 have been replaced by a sharp price drop, with ETH now approaching $3,000. This decline may indicate further downward pressure on crypto asset prices, although some investors anticipate a recovery.

以太坊的資金流出也導致了其他山寨幣的下跌。以太坊市值已跌至3,670億美元，每日交易量已超過200億美元。先前對 4,000 美元以上持續成長的預測已被價格大幅下跌所取代，ETH 目前已接近 3,000 美元。儘管一些投資者預計將會復甦，但這種下跌可能表明加密資產價格面臨進一步的下行壓力。

Altcoins Sink Along with Ethereum

山寨幣與以太坊一起下沉

As noted by analysts, Ethereum's price is susceptible to positive mainstream factors, such as the listing of ETH ETFs. However, the recent downturn has also impacted altcoin prices, with Solana trading below $130 and Ripple plummeting over 8% in the past 24 hours. Toncoin and Cardano have also experienced losses, with meme coins facing the most significant declines.

正如分析師指出的那樣，以太坊的價格容易受到主流積極因素的影響，例如 ETH ETF 的上市。然而，最近的低迷也影響了山寨幣的價格，Solana 的交易價格低於 130 美元，Ripple 在過去 24 小時內暴跌超過 8%。 Toncoin 和 Cardano 也遭受了損失，其中 Meme 幣的跌幅最為顯著。