Famous Analyst Evaluates Ethereum (ETH) Movements


Ki Young Ju, CEO and founder of blockchain analytics platform Cryptoquant, talked about the difference between the ongoing Ethereum (ETH) rally and the bull run in early 2018.

Ki Young Ju, CEO and founder of blockchain analytics platform Cryptoquant, talked about the difference between the ongoing Ethereum (ETH) rally and the bull run in early 2018.

Ethereum Leaves Exchanges

Ki Young Ju highlighted two processes that are dominant for current Ethereum markets. First of all, Ethereum outflows from all major exchanges are increasing day by day. At the same time, there is a decrease in entries between platforms. As a result, there was a decrease in the amount of ETH that can be sold on stock exchanges.

The analyst takes the discrepancy as a strong bullish signal for the second largest cryptocurrency . Ethereum positions are gaining strength due to solid fundamentals:

“Stock market movements show that the Ethereum ecosystem is growing and people want to keep Ethereum in their hands .”

Ki Young Ju underlined that this incident was in a very different structure from the rally in January 2018. The selling pressure, according to Ju, is much weaker than at that time.

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