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 $1,863 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 crypto regulations under Trump support the idea that Ethereum’s utility may expand. Approved and actively traded spot funds in the U.S. are also considered positive developments.
Ki Young Ju: “With Trump’s leniency in crypto regulations, companies may widely use ETH-based stablecoins and smart contracts by 2025.”
Regulatory support could trigger a bullish trend identified as the “large-cap ETF alternative season” for Ethereum. This situation is seen as another factor that could enhance investor confidence in the market.
Ki Young Ju: “Regulatory support could pave the way for ETH to show significant growth this year.”
Additionally, what are termed as large investors have accelerated their Ethereum accumulation. A 24% increase in wallet balances holding between 10,000 and 100,000 ETH over the past year indicates market activity. The price approaching the cost level of accumulation addresses is interpreted as a positive signal.
Ki Young Ju: “There has been a 24% increase in wallet balances of 10,000–100,000 ETH over the past year, and the price is nearing accumulation addresses’ costs.”
Overall assessments reveal that Ethereum has growth potential in the current market. Market flow, regulatory actions, and movements by large investors may significantly influence the asset’s future performance. These indicators provide essential information for investors closely monitoring the market.