The biggest altcoin Ethereum (ETH) did not carry out as anticipated regardless of the SEC’s approval of a spot Ethereum ETF.
Whereas this example induced buyers 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 mentioned that ETH is essentially much like stablecoins on account of its value stability.
CryptoQuant CEO wrote that Ethereum (ETH) acts like a stablecoin on account of its value actions.
Noting that ETH has constantly traded at $3,160 in some months in 2021, 2022, 2024 and 2025, Ki Younger Ju mentioned:
“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% likelihood 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
