Tariffs and Market Volatility Dampen Ethereum Prospects

关税和市场波动性以太坊的前景

Concerns are mounting among market observers as US President Donald Trump's latest round of tariffs and the absence of short-term catalysts cast a shadow over the crypto market. Ethereum's ether (ETH) is believed to be particularly vulnerable, given recent headwinds.

当美国总统唐纳德·特朗普（Donald Trump）的最新一轮关税和缺乏短期催化剂在加密货币市场上引起了阴影，市场观察家之间引起了人们的关注。鉴于最近的逆风，人们认为以太坊的以太（ETH）特别容易受到伤害。

Trump announced plans to impose 25% tariffs on all steel and aluminum imports into the US, in addition to existing duties. This move heightened inflation expectations and sparked a sell-off in bitcoin, which had previously been poised to surpass $100,000.

特朗普宣布，除了现有职责外，还计划向美国所有钢铁和铝进口征收25％的关税。这一举动提高了通货膨胀的预期，并引发了比特币的抛售，该比特币以前已经被准备超过100,000美元。

At the time of writing, major cryptocurrencies remained largely unchanged. However, Bitcoin, ether, XRP, Solana's SOL, and dogecoin (DOGE) were all trading below 1% in the past 24 hours. Binance's BNB, meanwhile, lost 4.5% after a rally on Sunday.

在撰写本文时，重大加密货币基本上保持不变。但是，在过去的24小时内，比特币，以太，XRP，Solana的Sol和Dogecoin（Doge）的交易均低于1％。同时，Binance的BNB在周日的集会后损失了4.5％。

Tariffs can exacerbate trade wars and create economic uncertainty, leading to market volatility. Such volatility often impacts bitcoin and the broader crypto market, as investors seek refuge in safer assets.

关税会加剧贸易战并造成经济不确定性，从而导致市场波动。由于投资者寻求更安全的资产庇护，这种波动率通常会影响比特币和更广泛的加密货币市场。

Analysts speculate that ether may face additional headwinds due to declining sentiment, adding to its turbulent year-to-date performance. The bitcoin-ether ratio has recently dipped to its lowest point since 2021, reflecting a preference for BTC over ETH.

分析师推测，由于情绪下降，以太币可能会面临其他逆风，从而增加了其动荡的年度绩效。自2021年以来，比特币 - 醚比最近降至其最低点，反映了对BTC而不是ETH的偏爱。

"Ethereum has been hit particularly hard, with ETH shedding all of its gains since last November," said Nick Ruck, director at LVRG Research. "Investors now expect only one interest rate cut by the Federal Reserve this year, which casts a shadow over risk assets like crypto."

LVRG Research主任尼克·鲁克（Nick Ruck）表示：“以太坊受到了巨大的打击，自去年11月以来，ETH剥夺了所有收益。” “投资者现在预计，今年美联储降低了一个利率，这对加密货币等风险资产产生了阴影。”

Traders at Singapore-based QCP Capital anticipate market fluctuations in the coming weeks as Trump's rhetoric continues to shape sentiment. They believe a feedback loop may be emerging, with Trump's actions influencing market dynamics and vice versa.

总部位于新加坡的QCP Capital的贸易商预计，随着特朗普的言辞继续塑造情感，在未来几周内市场波动。他们认为，反馈循环可能正在出现，特朗普的行动影响了市场动态，反之亦然。

"BTC volatility favors puts until April, indicating a lack of upside catalysts," the firm said in a statement.

该公司在一份声明中说：“ BTC的波动性偏爱一直持续到4月，表明缺乏上升催化剂。”