Three favourable pieces of information for Ethereum boost the market, ETH is expected to challenge the new high of 14,000 USD.

robot
Abstract generation in progress

Regulatory easing and positive data, Ethereum is expected to usher in a new round of pump

Recently, the price of Ethereum ( ETH ) and its ecosystem projects has shown a significant rise, with ETH rising by 6.4%, UNI rising by 24.4%, and AAVE rising by 13.1%. This wave of increase has the following reasons:

Regulatory winds are blowing warm, and the data outlook is good, Ethereum is on the eve of a rise

1. The regulatory environment for cryptocurrencies continues to improve

  1. The US government's attitude towards crypto assets has shifted to a friendly stance, with the new SEC chair promoting regulatory transformation and simplifying compliance processes.

  2. Multiple cryptocurrency bills have made progress, such as the CLARITY Act clarifying asset classification and the Genius Act regulating stablecoins.

  3. The SEC expresses support for DeFi innovation and is considering implementing an "innovation exemption" policy.

  4. Ethereum staking activities may no longer be considered securities trading, paving the way for ETF staking.

Regulatory winds are warming up, and data is looking good, Ethereum is on the eve of a rise

2. Ethereum remains the most important infrastructure for on-chain finance

  1. The Ethereum Foundation promotes the establishment of the "Defipunk" evaluation mechanism to facilitate the transformation of DeFi projects.

  2. About 50% of stablecoins circulate on Ethereum, which has the most mature DeFi ecosystem.

  3. The new stablecoins mainly flow in four directions: DeFi market, RWA market, payment field, and some speculative markets, with Ethereum holding advantages in multiple directions.

Regulatory tailwinds and positive data, Ethereum is on the eve of a rise

3. Market Data Shows Improvement

  1. ETH contract positions hit an all-time high, and market liquidity is sufficient.

Regulatory winds are warming up, data looks good, Ethereum is on the eve of a pump

  1. The Fear and Greed Index has just turned to Greed, and the market sentiment has not yet reached its peak.

Regulatory winds are favorable, data looks good, Ethereum is on the eve of a rise

  1. Some exchanges have a lower ETH spot position than the contract position, which poses a risk of a run.

Regulatory tailwinds, positive data, Ethereum is on the eve of a rise

  1. Continuous net inflow into ETH ETF, strong bullish sentiment in the options market.

Regulatory winds are favorable, data is looking good, Ethereum is on the brink of a rise

Regulatory environment is warming up, data is looking good, Ethereum is on the eve of a rise

  1. New demands such as Ethereum Treasury SBET have emerged.

Regulation is blowing a warm wind, data is looking good, Ethereum is on the eve of a rise

  1. Cryptocurrency companies are intensively going public, creating a continuous funding hotspot.

Regulatory wind is warming up, data is looking good, Ethereum is on the eve of a rise

In summary, factors such as an improved regulatory environment, Ethereum's solid foundational status, and positive market data suggest that ETH is likely to break through 14,000 USD in the medium to long term. Recently, 3,000 USD will be an important threshold, and a large number of short positions may be liquidated here, driving the price further up.

Regulation is warming up, data is looking good, Ethereum is on the eve of a rise

Regulatory tailwinds, positive data, Ethereum is on the eve of a rise

Regulatory winds are warming up, data is looking good, Ethereum is on the eve of a rise

Regulatory winds are warming up, and with positive data, Ethereum is on the eve of a pump

Regulatory winds are blowing warm, and the data looks good, Ethereum is on the eve of a surge

Regulation is warming up, and the data looks good. Ethereum is on the eve of a massive rise

Regulatory winds are favorable, and the data outlook is good, Ethereum is on the eve of a rise

Regulatory warm winds, positive data, Ethereum is on the eve of a surge

Regulatory tailwinds, positive data, Ethereum is on the eve of a surge

ETH-0.54%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Repost
  • Share
Comment
0/400
TheMemefathervip
· 11h ago
The regulators have finally woken up.
View OriginalReply0
CompoundPersonalityvip
· 17h ago
Bear Market accumulation, bull run patience
View OriginalReply0
GateUser-3824aa38vip
· 18h ago
I said it should rise a long time ago, right? Everyone understands that.
View OriginalReply0
DeFiCaffeinatorvip
· 18h ago
In the face of a bull run, indicators are just decorations!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)