Ethereum gained 160 % the last time that an indication of the series-will the ETH rise again?
The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Este artículo también está disponible en estñol.
According to the key index on the series, ETHEREUM (ETH) may be less than its value at the current market price. The last time this ETH was estimated in October 2023, after which I witnessed 160 %.
Ethereum index may be less valuable,
The current MVRV-z degree of Ethereum indicates that the second largest encrypted currency through the total market value may be less than its value at its current price. This scale – used to determine whether the original is exaggerated or denied by its value – is at its lowest level in 17 months.
Related reading
The low MVRV-z degree of ETH indicates that the digital origin may approach the local bottom. It is worth noting that the last time this scale was at a similar level in October 2023, ETH increased by 160 %.
For beginners, the MVRV-Z degree compares the difference between the market value of the original and its achieved value to assess the conditions of peak or excessive sale. The high degree indicates possible market peaks, while the low degree indicates possible bottoms.
Besides October 2023, the MVRV-z degree entered ETHEREUM Green Division twice two times-one-time in December 2022 and again in March 2020. In both cases, ETH later entered into a bullish stage.
In addition, analyzes of the series indicate that encryption whales quietly accumulate ETH in anticipation of a large upward movement. Data from Cryptoquant reveals that ETH flows to accumulation addresses have risen to multi -year levels, increasing levels of seen before the main bull is operated.
High flows indicate that accumulated headlines indicate that institutional investors and adult holders expect an ETH price to rise. This is in line with modern analysis Prediction This eth is preparing for a large gathering this year, and it may lead digital assets to $ 9,000.
Moreover, the ETH whales accumulates the wallet addresses ranging between 1000 and 10,000 ETH – strongly since July 2024. This coincided with the US Securities and Stock Exchange Committee (SEC) consent From the first ETH ETH (ETF) exchange point.
Will you surprise the market?
Besides the oud MVRV-z degree and increase ETH flows to the accumulation addresses, many other indicators indicate that ETH may be about to suddenly gathering, although the prevailing bearish Feelings.
Related reading
After the last market declined, there is an ETH (RSI) weekly relative index (RSI) Decline To the lowest level of three years, feeding optimism for an imminent gathering. but, more ETH reserves on stock exchanges can be a challenge to upward momentum.
Likewise, fears remain regarding the ongoing Ethereum Foundation sale From ETH, which may contribute to the suppression of prices. As of the time of the press, ETH is traded at $ 2,268, which reflects an increase of 3.7 % over the past 24 hours.
Distinctive image from Unsplash, plans from Glassnode, Cryptoquant and TradingView.com
