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Ethereum (ETH) fell 11.4% in the last 24 hours, reflecting a wider slowdown in the market that saw Bitcoin (BTC) drop by 8%, XRP by 13.6% and Solana (soil) by 12.9%. Despite the Red Sea, several leading voices – including CEO Cryptoque Ki Young Ju – call for a more optimistic perspective on ETH.
It’s time to get bullish on Ethereum
Sharing his “upward reflections on ETH” via X, Ki Young Ju has argued that there was “no significant sales pressure” despite the recent statement hack, stressing that the data on the chain and the market remain neutral. “The exchange sale takes time and the over-the-counter landfills barely affect the price,” he added.
He also underlined the dominant part of Ethereum of the market capitalization of stables – in evidence, approximately 56% and noted how potential changes in regulation under the Trump administration, which would have “attenuated cryptographic rules”, could stimulate the additional adoption of stable and smart contracts in 2025.
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Ju has referenced additional catalysts, reminding subscribers that ETH ETF “is already approved”, suggesting that a “high capitalization alts-season” could be on the horizon for Ethereum. He added: “Blackrock ETH Spot ETF Holdings has increased by 124% in the last three months.”
Finally, Ju has highlighted the accumulation of whale growth: addresses holding 10,000 to 100,000 ETH have increased their balance by 24% in the past year, the current price “approaching the basis of the cost of accumulated addresses”.
However, Ju admitted that he was “surprised” by what he considers an extremely downward atmosphere on Crypto Twitter.
“Wow, the feeling CT (crypto twitter) on ETH is extremely bearish. Let me know if you have a data-based analysis to support your lower thesis. Most bears seem to cite the price of decline itself as a reason to sell. Very interesting, ”said Ju.
On his alternative x account x – under the handle @ kate_young_ju – he reiterated that “the whales stack eth”, pointing the base of the current cost of these addresses accumulated at around $ 2199, compared to the cash price almost $ 25.
Ju is not the only one to question the story of the unhappiness market. Adrianoferia.eth (@adrianoferia), member of the ETH community, said that “the market is in the Shitter”, but urged investors to focus on high -level institutional and political signals favoring Ethereum.
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He specifically cited the reports of the American president and the family buying “hundreds of millions of dollars of Eth”, the CEO of the BlackRock approval of tokenization (and the own experience in Tokrock of Blackrock on Ethereum), and the need to buy large quantities of ETH to cover its piracy – potentially feeding more demand.
Feria also mentioned that Ken Griffin, CEO of Citadel, believes that Ethereum could replace bitcoin. For this member of the community, the fact that “everyone on CT always takes a shit on ETH” only strengthens an optimistic position against.
The popular analyst of incommidal cryptography (@incomesharks) weighed by publishing a graph showing another “frightening red candle” but indicating a purchasing area greater than $ 2,400.
Meanwhile, Chris Burniske, partner of Payholder VC, offered a historical perspective, reminding the followers of the 2021 cycle levies: BTC dropped by 56%, ETH 61%, soil 67%and many other assets 70-80%. According to Burniske, “you can find all the reasons why this cycle is different, but the reset of the environment that we live is not unprecedented. Those who call a full bear are wrong. »»
At the time of the press, ETH exchanged $ 2,382.
Star image created with dall.e, tradingView.com graphic
