Ethereum is holding above the $2,000 level as selling pressure begins to build again, placing the market at a critical inflection point after a short-lived recovery. While ETH has managed to stabilize above this psychological threshold, recent price action suggests that momentum remains fragile, with sellers gradually regaining control following the latest push higher. Despite…
Tag: Ethereum Bottom
This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm
The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as…
Ethereum MVRV Drops To Lowest Since December 2022: Bottom Signal?
On-chain data shows the Ethereum Market Value to Realized Value (MVRV) Ratio has plunged recently. Here’s what this could mean for the ETH price. Ethereum MVRV Ratio Has Declined To 0.87 Recently In a new MVRV Ratio” refers to an indicator that keeps track of the ratio between the ETH market cap and realized cap.…