"... I can assure you that I could agree to suspend my decree," Viktor Yushchenko told reporters.
But he said a political compromise should be sought to make it possible, describing early elections as "a key issue to resolve the political crisis."
"A package of political compromise should be put together as soon as possible, which includes taking all necessary steps at the legislative level to prevent a parliamentary majority [similar to what we had] in March," he said.
On April 2, Yushchenko signed a decree to dissolve parliament and call early parliamentary elections on May 27 following the defection by 11 opposition lawmakers to the parliamentary majority, which brought his rival Prime Minister Viktor Yanukovych closer to a two-third majority empowering him to change the Constitution.
The majority coalition called the decree unconstitutional and in response signed a regulation April 13, denying funding to the early election, and applied to the country's Constitutional Court to rule on the legality of the presidential action.
Both rivals have since then vowed to comply with the ruling, which is expected by April 27.
Tens of thousands of coalition supporters and pro-presidential backers have been meanwhile facing off on the central squares of the capital, bringing back memories of the "orange revolution" in 2004, when Yushchenko defeated Yanukovych in a rerun after an allegedly rigged presidential race.
