Summary
- Stated that Ethereum remains optimistic as selling pressure isn't significant.
- While exchange selling takes time, OTC trading won't affect Ethereum prices.
- Deregulation and increase in whale addresses will lead the bull market.
Opinions suggest Ethereum (ETH) remains optimistic.
On the 24th (local time), Ki Young Ju, CEO of CryptoQuant, expressed through X that he is "optimistic about Ethereum" because "despite the Bybit hack, selling pressure on ETH isn't significant." He added that "exchange-based selling takes time, and over-the-counter (OTC) trading won't affect Ethereum prices."
Furthermore, he predicted an increase in companies utilizing Ethereum. He stated, "Ethereum-based stablecoins account for 56% of total stablecoin market capitalization," and added that "under the Trump administration, more companies will utilize Ethereum-based stablecoins and smart contracts."
He also elaborated that Trump's cryptocurrency deregulation and the increase in Ethereum whale addresses are positive factors. CEO Ju mentioned that "deregulation will lead to a bull market driven by altcoin spot ETFs" and that "whale addresses holding 10,000-100,000 ETH have increased by 24% over the past year."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
