This article is also provided in Spanish.
Ether Lee (ETH) plunged 11.4%over the last 24 hours, reflecting a wider market stagnation, with Bitcoin (BTC) 8%, XRP and Solana (SOL) by 12.9%. Despite the red sea, some major voices, including KI Young Ju, CEO of encryption agent, require more optimistic perspectives for ETH.
Time to go optimistic from Ether Leeum
KI Young Ju shared his “strong thoughts on ETH” through X, pointing out that despite the recent BYbit Hack, “The chain and market data remain neutral. “Exchange sales take time, and OTC off -roads rarely affect the price.”
He also emphasized the dominant share of Ether Lee’s Stablecoin market cap. .
Related reading
The JU refer to an additional catalyst and reminds followers that ETH spot ETF has already been approved, suggesting that “large cap ETF Altseason” may be on the horizon of Ethereum. “BLACKROCK ET Spot ETF Holdings has increased 124% over the last three months,” he added.
Finally, JU emphasized the growth of whale accumulation. The address with 10,000 to 100,000 ETH has increased the balance by 24% over the past year, and the current price is “close to the cost of accumulation address.”
But JU admitted that he was “surprised” that Crypto Twitter was overwhelmingly seen as an overwhelming mood.
“Wow, the feelings for CT (Crypto Twitter) ETH are very weak. Please let me know if there is a data -oriented analysis to support the weak paper. Most bears seem to cite price drops for sale. It’s very interesting, ”said JU.
In his alternative X account (@kate_young_ju hange), he repeatedly said, “Whales are accumulating ETH.”
JU is not alone to challenge the story of Doom and Geom Market. Adrianoferia.eth (@adrianoferia), a member of the ETH community, insisted that the market is in the sitter, but investors urged them to focus on high -end organizations and political signals that prefer Ether Leeum.
Related reading
He specifically quoted a report that requires the US president and his family to purchase a large amount of ETH from BLACKROCK and BYBIT’s tokenization guarantee (and blackrock’s tokenized USD test) and BLACKROCK’s tokenized USD tests for “millions of dollars of ETH”, Blackrock’s tokenized USD test). . Cover the hack and burn more demand.
Feria also mentioned that Ken Griffin, Citadel’s CEO, believes that Ethereum can replace Bitcoin. For this community member, the fact that “everyone in CT is still wearing shit in ETH” strengthens the opposite position.
Incomesharks (@incomesharks), a popular encryption analyst, posts a chart that shows another “Red Scary Candle”, but represents more than $ 2,400.
Meanwhile, Chris Burniske, a partner of the venue VC, provided a historical perspective and reminded the followers of the mid -term cycle in 2021. According to Burniske, “You can think about all the reasons for other reasons, but it’s unprecedented. Those who demanded a full -fledged bear were wrong. ”
ETH was traded at $ 2.382 in the prestime time.
DALL.E, major images made with charts on TradingView.com