Over the past two weeks, the Ethereum price has trended downward, sparking fears of another prolonged correction. However, data from a recent on-chain analysis indicate that the long-term bullish case for Ethereum remains quite strong. Staked Ethereum Metric Indicates Long-Term Investor Confidence In a recent QuickTake post on CryptoQuant, crypto analyst PelinayPA highlights a confluence…
Tag: Ethereum MVRV
Ethereum Price Eyeing A Breakout? On-Chain Analysis Places Short-Term Target At $4,800
The Ethereum price has roared on with a strong performance over this weekend, reclaiming the $4,200 level for the first time since 2021. According to data from CoinGecko, the “king of altcoins” has now increased in value by more than 25% on the weekly timeframe. Considering its strong momentum, the general expectation is that the…
Ethereum Price Pulls Back To $3,500, But MVRV Signals Uptrend Continuation Likely
A breach of the $4,000 mark for the Ethereum price has looked almost like a certainty over the past two weeks, with the altcoin hovering around $3,900 in the last few days. However, this almost-certain event took a different turn after the price of ETH suddenly succumbed to severe bearish pressure. On Friday, August 1,…
Ethereum MVRV Ratio Nears 160-Day MA Crossover – Accumulation Trend Ahead?
Ethereum is once again under heavy selling pressure after losing the critical $2,000 level — a psychological and technical zone that bulls have struggled to defend in recent weeks. With price action turning increasingly bearish, investor sentiment is weakening, and analysts are warning that a deeper correction may be on the horizon. As Ethereum slides…
Ethereum Surges Nearly 10% As MVRV Ratio Drops Below 1—Bigger Rally Incoming?
Ethereum’s price has mirrored Bitcoin’s recent market movements. ETH experienced a rollercoaster performance earlier this week before rebounding with a 10% increase in the past 24 hours. This recovery follows a broader market correction that initially led to fear among investors. While Ethereum’s performance remains closely linked to Bitcoin’s price action, recent on-chain data suggests…