Ethereum and Altcoins Fall to Multi-Week Lows

以太坊和山寨币跌至数周低点

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.

以太坊和其他加密货币经历了急剧下跌，达到了几周来未见的低点。这种看跌趋势也影响了比特币（BTC）和去中心化金融（DeFi）代币。以太坊的价格大幅回落，侵蚀了近期的涨幅。

Market Decline Driven by Declining Confidence

信心下降导致市场下跌

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.

导致市场下跌的主要因素是投资者信心丧失，许多人将其归因于更广泛的市场调整。加密货币总市值已降至 2.11 万亿美元，过去 24 小时内下跌 4.8%。几种山寨币遭受了更大的损失，进一步加剧了负面情绪。

Ethereum Price Nears $3,000

以太坊价格接近 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%.

今年早些时候，随着美国批准比特币现货 ETF，以太坊和其他加密资产飙升至历史新高。然而，尽管之前有所上涨并引起机构兴趣，但最近的抛售削弱了市场情绪。以太坊目前交易价格为 3,075 美元，在过去 24 小时内下跌了 7%。周损失已超过 11%，而月损失则暴跌超过 19%。

Outflows Signal Potential Sales

资金流出预示着潜在的销售

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 Earlier projections of sustained growth above $4,000 have been replaced by a sharp price drop, with ETH now approaching $3,000.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.

以太坊的资金流出也导致了其他山寨币的下跌。以太坊市值已跌至3670亿美元，日交易量已超过200亿美元。此前对 4,000 美元以上持续增长的预测已被价格大幅下跌所取代，ETH 目前已接近 3,000 美元。尽管一些投资者预计将会复苏，但这种下跌可能表明加密资产价格面临进一步的下行压力。

Altcoins Sink Along with Ethereum

山寨币与以太坊一起下沉

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.

正如分析师指出的那样，以太坊的价格容易受到主流积极因素的影响，例如 ETH ETF 的上市。然而，最近的低迷也影响了山寨币的价格，Solana 的交易价格低于 130 美元，Ripple 在过去 24 小时内暴跌超过 8%。 Toncoin 和 Cardano 也遭受了损失，其中 Meme 币的跌幅最为显着。