Data Shows Ethereum (ETH) Price May Have Hit the Bottom
📈
Ethereum (ETH) suffered a significant 23% price drop, hitting $2,120, but it has since recovered. On-chain signals, like MVRV Z-Score at 0.52, indicate that ETH is undervalued, possibly marking a market bottom. Historically, this metric has identified tops and bottoms, hinting at a 100% price surge by year-end. Another metric, STH-NUPL, is in the capitulation region, further suggesting that fear is driving the market and ETH might have bottomed out. Technical indicators like RSI also support this view, showing oversold conditions, which often precede price rallies. A retest of $2,871 and a rise to $4,094 are likely, contingent on sustained buying pressure.
Source: beincrypto.com ↗
Artigos semelhantes (66)
Is Ethereum About to Explode? Analyst Notes Price ‘Lagging’ Behind Soaring Fundamentals
Ethereum Down But Analyst Thinks ETH Is Primed For Massive Gains
Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn
Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000
Ethereum Poised for 20% Rally Following Buying Pressure from ETF Investors, While MoonTaurus Gains Momentum
Ethereum (ETH) Triangle Formation Hints At A Double Bottom: Breakout and New ATH?
Is Ethereum’s Double Bottom Pattern The Key To Bullish Rebound?
Ethereum Picks Up Speed as Bitcoin Eyes Recovery Toward $60K: Here’s the Next ETH Price Trend
Ethereum (ETH) Price Shows Signs of Recovery After The Summer Decline
Ethereum (ETH) Price Shows Signs of Recovery: Analysts Eye Potential 100% Rally
Ethereum: Odds of ETH hitting a new ATH in Q4 are…
Coming soon the withdrawal of over $350 million in Ethereum: how will the price of the crypto ETH react?
Analyst: Ethereum’s price is ‘lagging,’ but what about a reversal?
Will Ethereum surge 48% to $3,550 soon? Analysts weigh in
Ethereum’s Swift Recovery Sets Stage for 100% Price Rally. Here’s Why
Is Ethereum Price Poised for a Major Comeback? Analysts Weigh In!
Ethereum Faces Short-Term Pullback
Ethereum Cannot Recover! What to Expect from ETH Price in the Coming Months? Analysts Point to These Dates for Bottom and Rise!
Ethereum Set for a Surge? Top Analyst Spots Bullish Signal—Big Moves Ahead!
Will Ethereum rebound? THIS signals potential bull run
Ethereum (ETH) Price Recovery From 8-Month Low Might Be Rocky
Analyst – 2 reasons why Ethereum’s downtrend is nearing its end
Ethereum and Cardano Exhibit Bullish Momentum – Here’s What to Watch
Ethereum slumps near reversal – Is this the sign of a bull run?
Ethereum’s bull vs bear case: What’s next for ETH price?
Ethereum forms first bullish divergence in 2 years: Major rally ahead?
Analyst: ETH’s “Hate Rally” Could Spark a Rebound
Bad News for Ethereum Bulls: ETH Rally May Be Delayed Until This Date! Here Are Analysts' Expectations!
Will Ethereum follow the bullish patterns of 2016, 2019?
Ethereum (ETH) Could Soon Say Goodbye to the Bull Market
Ethereum Price Analysis: Is a Major Bullish Rebound Imminent This Week?
Analysts Foresee Ethereum Rally Despite Corrections
58% of Ethereum (ETH) Traders Are Long, Price Rally Incoming?
Analysts Forecast Ethereum’s Price Bottom
Buying Ethereum (ETH) Now Could Be a Smart Move, Recent Insights Show
Ethereum (ETH) Traders Unfazed by Price Decline, Expect Bullish Rebound
Is the Bullish Divergence on Ethereum Still Alive? Here’s What the ETH Price Rally Indicates
Ethereum’s supply crisis – Is this a potential set-up for a new rally?
Ethereum Realized Price Holds Strong: Is an Altcoin Bull Market Coming?
Why Ethereum’s long-terms trends look bullish despite short-term sell-offs
Ethereum Lower Targets Activated While Bulls Await for Right Time to Jump In—A 20% Rise Is Imminent
U.S. investors choose Ethereum despite market turmoil: Bullish for ETH?
Ethereum struggles as BTC, SOL lead in money flow: Can ETH turn around?
Ethereum's New ATH Is Waiting For Another Spring, According to Former Wall Street Analyst! But These Three Major Events Could Set Records!
As Ethereum nears critical support level, THIS hints at potential reversal
Bullish Pattern Spotted in Ethereum, Eyes on 12% Price Jump
Ethereum Technical Analysis: ETH Faces Bearish Momentum With Potential for Short-Term Recovery
Analysts Predict Ethereum Rally Despite Recent Corrections
Ethereum Investors Monitor Market Trends
Analysts Predict Ethereum Rally Despite Recent Corrections
Analyst Predicts Ethereum’s Potential Bottom
Ethereum (ETH) Poised for Potential Correction as Analysts Highlight Bearish Pattern
Ethereum Poised for Bull Market: Analyst Predicts Funding Rate Surge Ahead of Major Price Rally
Ethereum (ETH) Price Poised for Growth Following Vitalik Buterin’s Bullish Insights and Upcoming Options Expiry
Ethereum’s Modest Recovery Sparks Investor Optimism: Is a Bullish Rally on the Horizon?
Ethereum (ETH) Poised for Bull Rally After $2,850 Reclaim: Bullish Indicators Emerge
Ethereum (ETH) Poised for 4% Surge as Pennant Pattern Forms, Analyst Predicts
Ethereum (ETH) Predicted to Break Records by Year-End Amidst Bullish On-Chain Data
Ethereum (ETH) Faces Short-Term Pullback: Key Support Levels and Investor Insights
Ether (ETH) Price Set for Breakout After Prolonged Downtrend as Whales Reemerge in Crypto Market
Ethereum’s Record-High Fundamentals Signal Imminent Price Surge Despite Current Lag
Ethereum (ETH) Poised to Surge Past All-Time Highs: Insights from Khelp Financial CEO Boomer Saraga
ETH Set for Potential Bullish Surge After Major Liquidation Event, Analyst Suggests
Ethereum Price Recovery Potential: Futures Market Reset Could Trigger Bullish Rebound
Ethereum (ETH) Approaches Critical Technical Levels Amid Recovery and Market Analysis
Ethereum (ETH) Forms Bullish Flag Pattern, Eyes Potential Upsurge to $2,820
