クリプトドットイン

暗号に強い人材のためのオルタナティブ・リンクトイン

Ethereum Eyes Key Support At $2,350 — Price Surge To Follow?

Ethereum (ETH) experienced a rather adventurous trading week marked by significant price gains but even stronger losses. Notably, prominent market analyst Ali Martinez has highlighted a critical market condition that could result in a market surge.

Ethereum’s Next Move: Price Rally To $3,260?

Being the second largest cryptocurrency in the market, Ethereum’s price action remains important to traders, especially with the current doubts over an altseason.  In an X post on March 7, Ali Martinez shared an insightful analysis of the ETH market based on the MVRV extreme deviation pricing bands drawn by analytics firm Glassnode.

Generally, the Market Value to Realized Value (MVRV) metric is used to determine whether an asset is overvalued or undervalued. Meanwhile, the MVRV pricing bands offer insights into an asset’s valuation relative to historical price trends. These bands identify overbought or oversold conditions with deviation levels acting as critical resistance and support zones.

イーサリアム

According to Glassnode data shared by Martinez, the MVRV pricing bands suggest that Ethereum’s immediate challenge in any uptrend lies at the -0.5σ pricing band around $2,350. If ETH bulls can produce enough demand to reclaim this support level, it may propel further price gains according to patterns from previous market cycles.

Martinez states that the initial possible price target for such a rally is the mean pricing band around $3,528 representing a potential 51.95% gain from ETH’s present market price. With a formidable bullish momentum, a further price gain is also possible with a potential target at  the+1.0σ  pricing band around $4,164.

However, a failure to reclaim the support level at $2,350 could push ETH to a deeper correction than present. In such a scenario, Glassnode’s data reveals ETH could crash to around the -1.0σ pricing band at $1,444.

ETH Price Overview

At press time, Ethereum trades at $2,134 reflecting a 1.89% decline in the last 24 hours. Furthermore, weekly losses stand at 4.77% contributing to a total decline of 23.58% in the past 30 days suggesting a dominant bearish sentiment among ETH traders.

However, amid this price fall, Ethereum whales are showing much optimism with a strong accumulation behavior. According to more data shared by Martinez, these whales recently acquired 1.1 million ETH in 48 hours demonstrating their robust confidence in Ethereum’s potential for a future price appreciation. Meanwhile, 330,000 ETH have been moved off exchanges in another bullish move.

In other developments, other analysts continue to speculate on the potential of an altseason. Renowned crypto expert Michael Van De Poppe has backed altseason to happen nudging investors to increase their exposure to “blue-chip altcoins”. Meanwhile, former Binance CEO Changpeng Zhao has referred market enthusiasts to the CoinMarketCap altseason index which is currently at 14 highly in favour of Bitcoin dominance.

イーサリアム


コメント

コメントを残す

メールアドレスが公開されることはありません。 が付いている欄は必須項目です

最新フィード

人気カテゴリー

ウェブサイトを検索

人気記事

タグ

#AlexeyPertsev (1) #Bidenクリプトバン (1) #Biden選挙 (1) #BinanceVsCoinbase (1) #ビットコイン (433) #BitcoinETF (3) #ビットコイン基礎知識 (1) #ビットコインの取り扱い (1) #Bビットコイン価格 (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #ビットコイン・サージ (1) #Bitcoinトップ (1) #Bitfinex (1) #ビットワイズ (1) #BracebridgeCapital (1) #BRC20トークン (1) #BTC取得 (1) #Bullish予測 (1) #Bullishセンチメント (1) #中国鉱業 (1) #CPプレビュー (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #クリプトマニア (1) #CryptoMarket (4) #CryptoPrediction (1) #Crypto予測 (1) 1TP5トリプトレギュレーション (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty(暗号の不確実性 (1) #Dデリバティブジャンプ (1) #Dogecoin (73) #Dogecoinゲイン (1) #Dogecoinボリューム (1) #ダッチコート (2) #ECコマース (1) #ElSalvadorビットコイン (1) #Ethereum (69) #EthereumPain (1) #EthereumPrice (1) 1TP5専門家の意見 (1) #Fedレートカット (1) #FiatCurrency (1) #フィナンシャル・インパクト (1) #フィナンシャル・プライバシー (1) #Firmシャットダウン (1) #F凍結アカウント (1) 1TP5自己資金 (1) #InflationData (1) 1TP5投資 (1) 1TP5投資損失 (1) #日本ファーム (1) #法的措置 (1) 1TP5法的影響 (1) #法律 (1) #LightningNetwork (1) #市場分析 (3) #Mマーケットモニタリング (1) #M市場予測 (1) #市場予測 (1) #M市場予測 (1) #Mマーケットサポート (1) #マーケットボラティリティ (1) #マリッジ (1) #MemeCoin (5) #Memeコイン (2) #Miner収益性 (1) #マネーロンダリング (2) #MtGox (4) #北朝鮮暗号 (1) #ノボグラッツ予想 (1) #Priceマイルストーン (1) #P価格予測 (2) #Price質問 (1) #プライスサージ (1) #Prisonセンテンス (1) #QuantAnalysis (1) 1TP5規制圧力 (1) #SECアンチクリプト (1) #ShibaInu (5) #SocialBuzz (1) #技術分析 (1) #トンコイン (3) #トルネードキャッシュ (3) #TornadoCashDev (1) #TornadoCashデベロッパー (1) #UKクリプト (1) #Upsideポテンシャル (1) #USCongress(米国議会 (1) #ワイオミングランド (1) #XRP価格 (1) #XRPupswing (1)

お役立ちリンク

私が役に立ち、共有したいと思ったリンク