Ayeshagull
09/07 09:31

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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