"Ethereum Overheating, No Need to Worry Yet"

YM Lee

Summary

It was reported that "the possibility of overheating was raised due to Ethereum (ETH)'s sharp upward trend."
Dan, an analyst at CryptoQuant, stated that while there is a risk of correction in the short term, the current level is not overheating.
There was an opinion that "the current buying level is not something to worry about yet."

Recently, some opinions have emerged stating that the overheating trend caused by the sharp rise of the leading altcoin, Ethereum (ETH), is not yet a cause for concern.

On the 23rd (local time), Dan, an analyst at the on-chain analysis platform CryptoQuant, analyzed, "Ethereum has recently shown a steep upward trend, and while there is still a risk of entering a short-term correction phase, from a broader perspective, the current buying level cannot be seen as overheating."

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