Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum)
Price Regains Footing After $3,000 Scare — What Lies Ahead
Recently, Ethereum (ETH• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum) showed signs of falling below $3,000 but held firm as
bulls defended the altcoin.
Now trading at $3,480, here’s what could be next for ETH.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum Still Has More Room to Grow
Sponsored
Sponsored
One metric that has consistently proven reliable for analyzing Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum is the
Market Value to Realized Value (MVRV) ratio, a tool for assessing the
profitability of holders and identifying potential market tops or bottoms. The
MVRV ratio compares a cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта s market value to its realized
value, offering insights into whether the asset is overvalued or undervalued.
When the MVRV ratio rises, it indicates that more holders are in profit.
However, if it climbs to an extreme high, it suggests the asset may be
overvalued, increasing the risk of a price correction. Conversely, when the
MVRV ratio declines, it points to reduced profitability.
If the ratio hits an extreme low, it signals undervaluation, which can present
an attractive accumulation opportunity for investors. For ETH, the 30-day MVRV
ratio has risen to 11.89%. However, this ratio is not close to the local top,
which is usually around 18% and 22%. Therefore, this development suggests that
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price.
Sponsored
Sponsored
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum 30-Day MVRV Ratio. Source: Santiment
Beyond the MVRV ratio, the Mean Dollar Invested Age (MDIA) also suggests that
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum may avoid a further price drop. MDIA measures the average age of all
coins on a blockchain• Информационные технологии » Информационно-коммуникационные технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн
• Высокие технологии » Информационные технологии и телекоммуникации » Базы данных » Публичная база транзакций » Блокчейн, weighted by their purchase price.
A rising MDIA indicates that coins are becoming more stagnant, reducing the
likelihood of a significant price surge.
Conversely, a declining MDIA suggests that previously dormant coins are
moving, signaling increased trading activity, which is the case with ETH. If
this trend persists, it could boost Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s chances of a price rally.
Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum 90-Day MDIA. Source: Santiment
ETH Price Prediction: $4,000 Could Be Coming
Sponsored
Sponsored
On the daily chart, Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum’s price has formed an inverse head-and-shoulders
pattern. This pattern typically emerges after a prolonged downtrend, signaling
a potential sellers’ exhaustion point.
The pattern comprises three key parts: the left shoulder, which marks the
first uptrend; the head, signaling the end of the downtrend; and the right
shoulder, indicating the rebound. Ethereum• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Ethereum 4-Hour Analysis. Source:
TradingView
With ETH trending in an uptrend, the cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта is likely to rise toward
$4,000 in the short term. On the other hand, if selling pressure rises, this
might change, and ETH could decline to $3,206.
Top crypto projects in the US | November 2024
Coinrule Explore
Coinbase Explore
Uphold Explore
3Commas Explore
Chain GPT Explore
Top crypto projects in the US | November 2024
Coinrule Explore
Coinbase Explore
Uphold Explore
3Commas Explore
Chain GPT Explore
Top crypto projects in the US | November 2024
Coinrule
Coinbase
Uphold
3Commas
Chain GPT
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for
informational purposes only and should not be considered financial or
investment advice. BeInCrypto is committed to accurate, unbiased reporting,
but market conditions are subject to change without notice. Always conduct
your own research and consult with a professional before making any financial
decisions. Please note that our Terms and Conditions , Privacy Policy , and
Disclaimers have been updated.