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Ayeshagull

09/07 09:31

Ethereum stablecoins hit $150B ATH: What it means

Ethereum stablecoins hit $150B ATH: What it means for ETH’s price

Ethereum’s stablecoin supply has climbed to a record $150 billion as validator participation also strengthens.
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Ethereum’s stablecoin supply has hit a record $150 billion, reinforcing confidence in the network. Investors are preparing for a move, with $5K emerging as the next key resistance.

Ethereum’s [ETH] stablecoin market just hit a record $150 billion, marking a new milestone for the network. This comes as Ethereum’s price action still leans bullish. 

The structure on the daily chart seemed optimistic, with ETH oscillating above a key demand zone at around $4.3K over the last one week.

However, the price action lacks significant push for another explosive bullish run. Could the positive developments on-chain provide the much-needed spark?

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