Time To Turn Bullish On Ethereum? CryptoQuant CEO Spots Key Signals
Ethereum (ETH) has dropped 11.4% in 24 hours, alongside Bitcoin (BTC) down 8%, XRP down 13.6%, and Solana (SOL) down 12.9%. Despite this downturn, CryptoQuant CEO Ki Young Ju remains optimistic, citing minimal sell pressure and neutral on-chain data. He highlights Ethereum's 56% share of the stablecoin market and potential regulatory easing under the Trump administration, which could boost ETH adoption. Ju notes the approval of the ETH spot ETF and a 124% increase in BlackRock's holdings over three months. Whale accumulation is also rising, with addresses holding 10,000 to 100,000 ETH increasing balances by 24% in a year. Other voices in the community echo this optimism, pointing to institutional interest and potential demand from Bybit's hack recovery. ETH is currently trading at $2,382.
