ChainCatcher 消息，10x Research 在 X 平台发文表示，过去五年 ETH 表现平淡，交易价格维持在上一周期达到的 2000 美元水平附近。自 11 月以来，因链上活动低迷限制了 ETH 需求与价值积累，10x Research 对此保持谨慎态度。
自 2025 年高点下跌 57% 后，ETH 目前估值相对较低，同期 BTC 下跌约 42%。尽管面临重大按市值计算损失，如 Bitmine 等 ETH 财库公司回撤约 80 亿美元，但资金积累仍在继续，近期以太坊网络上的 USDT 发行量已超越 Tron。这引发了以太坊可能成为稳定币增长主要受益者的观点，并可能成为华尔街驱动的链上基础设施金融骨干。10x Research 正重新评估 ETH 是否接近转折点或结构性阻力是否依然存在。
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