Despite a significant influx of $500 million into spot Ethereum ETFs, the second-largest cryptocurrency by market capitalization continues to face challenges with limited price movement.

尽管大量涌入了5亿美元的Ethereum ETF，但价格有限的价格转移的第二大加密货币仍在面对挑战。

Despite retracing most of its gains since the Trump election rally in November 2024, Ethereum (ETH) has seen a surge in demand from long-term investors, according to analysts at Matrixport. This increase is attributed to the growing purchases of ETH by members of the World Financial Liberty, a decentralized finance group associated with former President Donald Trump.

Matrixport分析师说，尽管自2024年11月的特朗普大选集会以来，以来的大部分收益都取得了回报，但以太坊（ETH）的需求激增了长期投资者的需求激增。这一增长归因于世界金融自由的成员不断增长的ETH，这是一个与前总统唐纳德·特朗普有关的分散财务集团。

As previously reported, the World Financial Liberty plans to establish a "strategic reserve" consisting of various altcoins. However, the precise purpose of this reserve remains uncertain.

如前所述，世界金融自由计划建立由各种山寨币组成的“战略储备”。但是，该储备金的确切目的仍然不确定。

Despite the increased acquisition of Ethereum by the World Financial Liberty, market sentiment remains cautious ahead of Ethereum's Pectra upgrade. Scheduled for launch on the Holesky and Sepolia testnets in February and March, the upgrade is expected to go live on the mainnet in April. However, analysts note that expectations for a significant price movement are subdued compared to previous upgrades.

尽管世界金融自由收购以太坊的收购增加了，但在以太坊的pectra升级之前，市场情绪仍然谨慎。原定于2月和3月在Holesky和Sepolia Testnets上发布，预计将于4月在Mainnet上直播。但是，分析师指出，与以前的升级相比，对大幅价格变动的期望被缩减了。

"Without a clear bullish catalyst, ETH prices may continue to struggle," Matrixport analysts stated. "Ethereum's market dominance has already declined to just 10%."

Matrixport分析师说：“没有明显的看涨催化剂，ETH价格可能会继续挣扎。” “以太坊的市场优势已经下降了10％。”

The broader altcoin market, including Dogecoin (DOGE), XRP (XRP), and Solana (SOL), has also experienced downward pressure. As reported previously, the fear and greed index has reached its lowest level since October 2024, indicating growing fear in the market. Historically, periods of market fear have often led to declines in cryptocurrency prices.

较宽的山寨币市场，包括Dogecoin（Doge），XRP（XRP）和Solana（Sol）（SOL），也经历了向下压力。如前所述，自2024年10月以来的恐惧和贪婪指数已达到其最低水平，表明市场上的恐惧日益增长。从历史上看，市场恐惧时期通常导致加密货币价格下降。

The altcoin season index has also fallen to 33, compared to 47 at the beginning of the year. This suggests a decrease in demand for altcoins relative to Bitcoin (BTC). While Bitcoin has maintained relative stability, the decline in the altcoin index indicates a preference for Bitcoin among investors.

Altcoin季节指数也已下降到33个，而年初为47。这表明相对于比特币（BTC），对替代币的需求减少。尽管比特币保持了相对稳定性，但Altcoin指数的下降表明投资者对比特币的偏好。