CandleFocus

Interesting Analogy for Ethereum (ETH) from CryptoQuant CEO! Is a Rise Expected?

Despite the approval of a spot Ethereum ETF by the SEC, Ethereum (ETH) did not perform as expected. However, CryptoQuant CEO Ki Young Ju claims that ETH is fundamentally similar to stablecoins due to its price stability. He points out that Ethereum has consistently traded at $3,160 on several occasions in different years. On the other hand, Deribit Asia Business Development Head Lin Chen predicts a 10.62% probability that the Ethereum price will exceed $4,000 by the end of the month. Currently, ETH is trading at $3,246.

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