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Ethereum's $2,000 Price Tag Faces Scrutiny Amid Regulatory Hopes

Guavy AI Editorial Team
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BTC ETH XRP LINK
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Ethereum's price is near $2,000 and traders are watching for a trend reversal in the ETH/BTC ratio.

Michaël van de Poppe believes that if the regulatory environment changes in favor of infrastructure-related assets, the ETH price at $2,000 might appear cheap.

The reason for this discussion is the weakness of the ETH/BTC ratio on the chart and Ethereum's recent milestone of surpassing 200 million non-empty wallets.

According to Santiment data, Ethereum has more than 25 times the wallet count of XRP and more than 220 times the wallet count of Chainlink, showing strong network adoption.

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