Ethereum's price is on the rise, showing strong momentum as it approaches significant resistance levels. Analysts are closely monitoring whether ETH can break through these technical barriers, which are crucial for its short-term performance.
In parallel, Ethereum's Market Value to Realized Value (MVRV) ratio has recently dipped, suggesting that a potential price correction could be imminent. This could test the key support range between $2,230 and $2,610, putting pressure on Ethereum's bullish outlook.