For a long time Bitcoin (BTC) Weak performance in the face and can not make the expected rise attack Etheruem (ETH) Things are not going well.
Bitcoin experienced a harsh decline and fell below $ 89,000, while Ethereum also experienced a decrease of exceeding 10 %.
At this point, while the Death Cross alarm, which points to more decrease for Ethereum, is given, CryptoQuant CEO’su Ki Young Ju’From the sharing came to rejoice the investors.
Cryptoquant CEO X account in his sharing in Ethereum’daki rise to maintain the expectation of four reasons to maintain and listed as follows:
“1. Despite the incident of Bybit Hack, Ethereum did not face a major sales pressure. While the chain and market data remain stable, stock market sales take time and over the counter (OTC) transactions have little effect on the price.
2. ETH is still leading the fixed money market by constitutes 56 %of the total market value. With US President Donald Trump’s withdrawal of crypto currency regulations, more enterprise in 2025 may turn to ETH -based fixed coins and smart contracts.
3. Spot ETH ETF has already been approved. Regulatory support winds can revive ETH this year and trigger a “large -capital ETF subsection”.
4. Whales accumulate etheruem. According to the data, the wallets that hold 10,000-100,000 ETH increased their balance by 24 %last year, mostly from the wallets under 1k ETH. The current price is approaching the cost base of the addresses that accumulate. ”
*It is not an investment advice.
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Source: https://www.bitcoinsistemi.com/etheruem-eth-icin-yukselis-umudu-var-mi-cryptoquant-ceosu-evet-dedi-dort-yukselis-sinyalini-siraladi/
