Ethereum (ETH) has a flurry of probably bullish catalysts this yr, in keeping with Ki Younger Ju, the chief govt of the digital asset analytics platform CryptoQuant.
Younger Ju notes on the social media platform X that there isn’t any vital promote stress following final week’s record-shattering Bybit hack.
“On-chain and market information stay impartial. Change promoting takes time, and OTC (over-the-counter) offloads barely have an effect on the worth.”
The CryptoQuant CEO factors out that Ethereum at the moment holds 56% of the stablecoin market cap.
“With Trump easing crypto regs, extra companies might use ETH-based stablecoins and good contracts in 2025.”
He additionally says it’s bullish that ETH already has authorized and energetic spot exchange-traded funds (ETFs) within the US.
“Regulatory tailwinds might set off a ‘Giant Cap ETF altseason,’ boosting ETH this yr.”
Lastly, Younger Ju notes that whales have been accumulating Ethereum, one other doubtlessly bullish signal.
“10,000–100,000 ETH pockets balances are up 24% over the previous yr, primarily from wallets below 1,000 ETH. The present worth is nearing the price foundation of accumulating addresses.”
Ethereum is buying and selling at $2,424 at time of writing. The second-largest crypto asset by market cap is down practically 9% previously 24 hours and practically 8% previously seven days.
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