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BitcoinSistemi 2025-01-14 14:09:07

Interesting Analogy for Ethereum (ETH) from CryptoQuant CEO! Is a Rise Expected?

The largest altcoin Ethereum (ETH) failed to perform as expected despite the SEC’s approval of a spot Ethereum ETF. While this situation caused investors to expect losses in ETH, an interesting claim came from CryptoQuant CEO Ki Young Ju for ETH. Sharing about Ethereum from his X account, Ju said that ETH is fundamentally similar to stablecoins due to its price stability. CryptoQuant CEO wrote that Ethereum (ETH) acts like a stablecoin due to its price movements. Noting that ETH has consistently traded at $3,160 in some months in 2021, 2022, 2024 and 2025, Ki Young Ju said: “MAY 2021 Ethereum $3,160 AUGUST 2021 Ethereum $3,160 JANUARY 2022 Ethereum $3,160 MARCH 2022 Ethereum $3,160 APRIL 2022 Ethereum $3,160 MARCH 2024 Ethereum $3,160 MAY 2024 Ethereum $3,160 JULY 2024 Ethereum $3,160 NOVEMBER 2024 Ethereum $3,160 JANUARY 2025 Ethereum $3,160” ETH is a stablecoin.” While CryptoQuant CEO likened Ethereum to a stablecoin, Deribit Asia Business Development Head Lin Chen stated that the crypto options market at X predicts a 10.62% probability that the Ethereum price will exceed $4,000 by the end of the month. Ethereum, which has gained 3% in the last 24 hours, continues to be traded at $3,246 at the time of writing. https://twitter.com/ki_young_ju/status/1878996132506005584 *Not investment advice Continue Reading: Interesting Analogy for Ethereum (ETH) from CryptoQuant CEO! Is a Rise Expected?