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BitcoinSistemi 2025-02-25 13:48:07

Is There Hope for a Bullish Etheruem (ETH)? CryptoQuant CEO Says "Yes!", Lists Four Bullish Signals!

Is There Hope for a Bullish Etheruem (ETH)? CryptoQuant CEO Says "Yes!", Lists Four Bullish Signals!

Things are not going well for Etheruem (ETH), which has been performing poorly against Bitcoin (BTC) for a long time and has not been able to make the expected upward move. Bitcoin experienced a sharp decline, falling below $89,000, while Ethereum also fell by more than 10%. At this point, while the Death Cross alarm was given, indicating a further decline for Ethereum, CryptoQuant CEO Ki Young Ju made a post that would please investors. CryptoQuant CEO X shared on his account that there are four reasons to maintain the bullish expectation for Ethereum and listed them as follows: “1. Despite the Bybit hack, Ethereum has not faced major selling pressure. While on-chain and market data remain stable, exchange sell-offs take time and over-the-counter (OTC) transactions have little impact on price. 2. ETH still leads the stablecoin market, accounting for 56% of the total market cap. With US President Donald Trump rolling back crypto regulations, more businesses could turn to ETH-based stablecoins and smart contracts in 2025. 3. Spot ETH ETF already approved. Regulatory tailwinds could revive ETH this year and trigger a “Large-Cap ETF altseason.” 4. Whales are accumulating Etheruem. Data shows that wallets holding 10,000-100,000 ETH have increased their balances by 24% in the past year, mostly from wallets under 1K ETH. The current price is approaching the cost floor of accumulating addresses. *This is not investment advice. Continue Reading: Is There Hope for a Bullish Etheruem (ETH)? CryptoQuant CEO Says "Yes!", Lists Four Bullish Signals!

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