Ethereum (ETH) has a series of potential bullish catalysts this year, according to Ki Young Ju, CEO of the digital asset analysis platform CryptoQuant.
Ju noted on the social media platform X that following a record surge last week, there has not been significant selling pressure from the Bybit hack. “On-chain and market data remain neutral. Exchange sales take time, and OTC (over-the-counter) activities have little impact on prices.”
The secretive CEO pointed out that Ethereum currently holds 56% of the market cap in stablecoins. “As Trump relaxes cryptocurrency regulations, more companies may start utilizing ETH-based stablecoins and smart contracts by 2025.” He also mentioned that bullish sentiment around ETH has received approval from the U.S. and positive momentum for spot Exchange-Traded Funds (ETFs). “The regulatory tailwind could trigger a ‘big cap ETF altseason,’ boosting ETH this year.”
Finally, Ju highlighted that whales have been accumulating Ethereum, which is another potential bullish sign. “Over the past year, the balance of wallets holding 10,000–100,000 ETH has increased by 24%, primarily from wallets holding less than 1,000 ETH. The current price is close to the cost basis of these accumulation addresses.”
Source: Ki Young Ju/X
At the time of writing, Ethereum is trading at $2,424. In the past 24 hours, the second-largest cryptocurrency by market cap has decreased by nearly 9%, and it has fallen by almost 8% over the last seven days.
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