Ethereum (ETH) hasn’t been having the best of times lately. It’s been struggling to keep pace with Bitcoin (BTC) for a while now, and that big price jump many were hoping for just hasn’t materialized.

Recently, we even saw Bitcoin take a tumble, dipping below $89,000. Ethereum wasn’t spared either, experiencing a significant drop of over 10% alongside it.

With Ethereum flashing a potential “Death Cross” signal – often seen as an indication of further price declines – things might seem a bit worrisome. However, there’s a voice of optimism in the crypto space! CryptoQuant CEO Ki Young Ju recently shared some thoughts that could be a breath of fresh air for Ethereum investors.

In a post on X, the CryptoQuant CEO outlined four key reasons why he remains bullish on Ethereum, despite the current market conditions. Let’s take a look at these points:

“1. Even with the recent Bybit hack causing ripples, Ethereum hasn’t seen any major panic selling. Interestingly, on-chain data and market activity seem stable. Exchange sell-offs typically happen over time, and large, private OTC transactions aren’t really impacting the price much right now.

2. Believe it or not, ETH is still the king of stablecoins, commanding a solid 56% of the total market. And get this – with US President Donald Trump potentially easing up on crypto regulations, we could see even more businesses turning to stablecoins and smart contracts built on Ethereum in 2025.

3. Don’t forget, the Spot ETH ETF is already approved! These kinds of regulatory wins could really give ETH a boost this year and maybe even kick off a broader “altseason” led by large-cap cryptocurrencies.

4. Here’s a sign of confidence: whales are accumulating Ethereum! Data shows that wallets holding a substantial 10,000 to 100,000 ETH have increased their holdings by a significant 24% in the last year, mostly pulling from smaller wallets with under 1,000 ETH. Plus, the current price is getting close to the point where these big players started buying in.”

*Please remember, this is not financial advice. Always do your own research!