The most important altcoin Ethereum (ETH) did not carry out as anticipated regardless of the SEC’s approval of a spot Ethereum ETF.
Whereas this case induced traders to count on losses in ETH, an fascinating declare got here from CryptoQuant CEO Ki Younger Ju for ETH.
Sharing about Ethereum from his X account, Ju stated that ETH is essentially just like stablecoins attributable to its value stability.
CryptoQuant CEO wrote that Ethereum (ETH) acts like a stablecoin attributable to its value actions.
Noting that ETH has persistently traded at $3,160 in some months in 2021, 2022, 2024 and 2025, Ki Younger Ju stated:
“MAY 2021 Ethereum $3,160 AUGUST 2021 Ethereum $3,160 JANUARY 2022 Ethereum $3,160 MARCH 2022 Ethereum $3,160 APRIL 2022 Ethereum $3,160 MARCH 2024 Ethereum $3,160 MAY 2024 Ethereum $3,160 JULY 2024 Ethereum $3,160 NOVEMBER 2024 Ethereum $3,160 JANUARY 2025 Ethereum $3,160”
ETH is a stablecoin.”
Whereas CryptoQuant CEO likened Ethereum to a stablecoin, Deribit Asia Enterprise Growth Head Lin Chen said that the crypto choices market at X predicts a ten.62% chance that the Ethereum value will exceed $4,000 by the tip of the month.
Ethereum, which has gained 3% within the final 24 hours, continues to be traded at $3,246 on the time of writing.
https://twitter.com/ki_young_ju/standing/1878996132506005584
*Not funding recommendation
