Ethereum mvrv keeps at 1.20-1.25, indicates that the peak of the market is not on the horizon

The ETHEREUM (ETH) market recorded a modest profit of 4.1 % last week amid a general recovery in the wider encryption market. However, Altcoin prominent and the second largest encrypted currency continues to trade 2600 dollars, which served as an effective price barrier during the past month. Interestingly, modern technical data shows that ETHEREUM is still likely to suffer from significant price growth in the current market round, despite continuous price conflicts.
2.25 MVRV appears as a critical exit point for Ethereum investors – analysts
in X post On July 4, the famous market analyst BURAK Kesmeci is participating in an interesting vision in the ETHEREUM market. Using data from TradingView, Kesmeci, which carries ETH, notes the value of MVRV between 1.20-1.25, indicating strong uncertainty in the market although investors keep modest profit.
As the name suggests, the MVRV ratio (the market value to the achieved value) compares the current market value of the original (MV) to the achieved value (RV), which reflects the average price in which the original was transferred last time on the chain. It is a major indication that is used to assess whether the original is exaggerated or denied by its value. MVRV> 1 indicates that investors are in profit, and they carry unreasonable gains indicating great potential to achieve profits, while MVRV <1 indicates that investors are confused and they offer fun time because the assets are less than their value.
As we mentioned earlier, the current MVRV levels between 1.20-1.25 indicate that Ethereum investors are currently profitable. However, BURAK KESMECI State 2.25 has emerged as a decisive psychological and technical level in the current cycle. The analyst explains that at this stage specifically that many investors chose to lock profits during the main prices in the fourth quarter of 2024, which effectively ends from the ETHEREUM gathering at that time.
Although Kesmeci states that it is not known whether MVRV of Ethereum will return to these levels, the current arrangement indicates that Altcoin is far from the levels of the peak prices in the current market tournament, indicating that the upward trend of the current price is still an area for growth before entering the feverish market stage.
ETH price overview
At the time of the press, ETHEREUM is trading $ 2520 on the daily chart that reflects the price loss of 1.35 %. Meanwhile, asset trading volume decreased by 9.8 % with a value of $ 16.29 billion.
according to Data from Coincodex, The general ETHEREUM market is still neutral, but with fear and greed index of 73 indicates strong levels of greed. Coincodex declaations expect that Ethereum can trade about $ 2737 during the next month, with possible climbing to local peak levels near 4,099 dollars over the next three months, indicating medium -term up -to -date expectations despite the current cautious feelings.
Distinctive photo of Pexels, tradingView graph

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