Ki Young Ju, CEO of CryptoQuant, indicates that there are potential signs for Ethereum’s rise this year. Analyzing market data and investor movements in light of recent developments, it is mentioned that various regulatory steps could also be influential.
Will Ethereum Prices Rise?
Following the cyberattack last week, it was observed that there was no significant selling pressure in the Ethereum $2,296 market. The cryptocurrency‘s gradually evident trending nature and stable market data have limited effects on transaction volumes.
Ki Young Ju: “On-chain and market data remain neutral. Exchange sales take time, OTC transactions do not significantly affect prices.”
Regulations and Investor Interest
The CEO highlights that Ethereum holds a 56% share in the stablecoin market. Changes in the regulatory landscape and the relaxation of
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