PANews January 23 News, according to Coindesk, Standard Chartered Bank’s Global Digital Asset Research Head Geoff Kendrick stated that Ethereum has experienced a significant decline in recent days along with other cryptocurrencies, but the positive development momentum continues. He pointed out that since the Fusaka upgrade in December, the Ethereum network’s transaction volume has surged to record levels, effectively alleviating past capacity bottlenecks and driving on-chain activity growth.
Additionally, ETH’s largest corporate holder Bitmine continues to buy Ethereum, and the macroeconomic environment has also played a positive role: Greenland-related tariff risk mitigation, a rebound in the Japanese bond market from selling, and rising expectations that BlackRock’s fixed income chief Rick Rieder may become the next Federal Reserve Chair all bode well for risk assets. He believes that going long on Ethereum and Bitmine (BMNR) before the weekend offers a good risk-reward ratio.
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