Friday, August 1, 2025
No Result
View All Result
Coin Digest Daily
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
Marketcap
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations
No Result
View All Result
Coin Digest Daily
No Result
View All Result

Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000?

25 August 2024
in Ethereum
Reading Time: 4 mins read
0 0
A A
0
Home Ethereum
Share on FacebookShare on Twitter


The worst appears to be like to be over for Ethereum (ETH), as sure metrics recommend that the underside is already in for the second-largest crypto by market cap. Primarily based on this, ETH appears to be like to be headed for a new all-time excessive (ATH), surging previous its present ATH of $4,800. 

Ethereum MVRV Exhibits Backside Is In

Information from the onchain analytics platform Glassnode exhibits that Ethereum’s market worth to realized worth (MVRV) lowest pricing stage is at $1,687, which means that the underside is already in for the crypto token. These MVRV pricing ranges spotlight how low or excessive a token will doubtless attain in a market cycle based mostly on unrealized loss or unrealized earnings. 

Associated Studying

Supply: Glassnode

As such, Ethereum is unlikely to see a drop beneath the $1,687 value stage and as an alternative appears to be like headed for its market prime. It’s value mentioning that Ethereum dropped to as little as $2,200 following the market crash on August 5. That value stage is near the $2,109 MVRV pricing band, which Glassnode highlighted, additional proving that the crypto has bottomed. 

In the meantime, the shift to accumulation amongst Ethereum buyers signifies that they’re now not seeking to promote their property however are holding in anticipation of upper costs. Information from Glassnode exhibits that the share of ETH’s provide held on exchanges has drastically declined to below 10%. That is important because it probably reduces the promoting strain on Ethereum and primes it for an enormous rally so long as buyers proceed to carry. 

ETH 2
Supply: Glassnode

Information from Glassnode exhibits that Ethereum might rise above $5,000 and attain as excessive as $6,759, which is the best MVRV pricing stage for the crypto for the time being. That value stage might mark a market prime for Ethereum on this bull run, though crypto analysts like Tyler Durden have predicted that the crypto might nonetheless attain $10,000. 

Different Metrics That Assist An Imminent Value Rally For ETH

A current weblog publish on the onchain analytics platform Cryptoquant highlighted two metrics that present that Ethereum is gearing up for its subsequent leg up. One is the Taker Purchase-Promote Ration, which calculates the ratio of Ethereum patrons to sellers. This metric is claimed to be constructive once more as Ethereum bulls are regaining energy and suppressing any promoting strain from the bears. 

Associated Studying

Ethereum 3
Supply: CryptoQuant

Ethereum’s open curiosity (OI) is once more rising after dropping to $7 billion following the August 5 market crash. Information from Coinglass exhibits that the OI is at the moment at 10.81 billion, indicating that leveraged gamers are returning to the scene. That is important as buying and selling quantity within the derivatives market additionally enormously impacts ETH’s value. 

ETH 4
Supply: CryptoQuant

On the time of writing, Ethereum is buying and selling at round $2,590, down over 3% within the final 24 hours, in accordance with knowledge from CoinMarketCap. 

Ethereum price chart from Tradingview.com
ETH value nonetheless holding $2,500 | Supply: ETHUSDT on Tradingview.com

Featured picture created with Dall.E, chart from Tradingview.com



Source link

Tags: ATHDriveEthereummetricsPositiveTurn
Previous Post

Gold Tops $2500, Steals The Spotlight From Bitcoin – Details

Next Post

Gold Reaches Record Highs as Markets Brace for U.S. Rate Cut Decision.

Related Posts

Ethereum Hits $10B Reserve as XRP ETF Nears, SEC Eyes Crypto Leadership Shift | Bitcoinist.com
Ethereum

Ethereum Hits $10B Reserve as XRP ETF Nears, SEC Eyes Crypto Leadership Shift | Bitcoinist.com

31 July 2025
lean Ethereum | Ethereum Foundation Blog
Ethereum

lean Ethereum | Ethereum Foundation Blog

1 August 2025
Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k
Ethereum

Bitcoin whipsaws below $116k amid largest hourly correction in two weeks; risks of further pullback to $114k

31 July 2025
Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com
Ethereum

Ethereum Big Players Are Returning As Whale Wallets See Notable Growth | Bitcoinist.com

30 July 2025
Ethereum sets sight on becoming the ‘global computer’ in the next 10 years
Ethereum

Ethereum sets sight on becoming the ‘global computer’ in the next 10 years

30 July 2025
Celebrating 10 Years of Ethereum | Ethereum Foundation Blog
Ethereum

Celebrating 10 Years of Ethereum | Ethereum Foundation Blog

31 July 2025
Next Post
Gold Reaches Record Highs as Markets Brace for U.S. Rate Cut Decision.

Gold Reaches Record Highs as Markets Brace for U.S. Rate Cut Decision.

What to Expect From Bitcoin in the Next Few Months

What to Expect From Bitcoin in the Next Few Months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

FTT jumps 7% as Backpack launches platform to help FTX victims liquidate claims – CoinJournal

19 July 2025
PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

PENDLE token goes live on BeraChain and HyperEVM to expand cross-chain utility – CoinJournal

30 July 2025
BNB Price Gears Up for Upside Break — Will Bulls Deliver?

BNB Price Gears Up for Upside Break — Will Bulls Deliver?

8 July 2025
Something Big Is Coming For XRP On July 9—Why It Matters

Something Big Is Coming For XRP On July 9—Why It Matters

8 July 2025
XRP could rally higher on steady capital inflow; check forecast

XRP could rally higher on steady capital inflow; check forecast

8 July 2025
10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

10 Most Popular Bitcoin Mining Apps for Android & iOS in 2025 | Earn Crypto Fast

24 May 2025
Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

Trump Slaps Brazil and Canada With 50% and 35% Tariffs; Mexico Gets Breathing Room – Economics Bitcoin News

1 August 2025
XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

XRP Breakout Targets $15—Analyst Says ‘This Is Just The Start’

1 August 2025
MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

MEXC Expands Stock Futures Portfolio With Tron Inc. (NASDAQ: TRON) Listing, Introducing TRON/USDT Trading Pair – Press release Bitcoin News

1 August 2025
Justin Drake Introduces “Lean Ethereum” Proposal

Justin Drake Introduces “Lean Ethereum” Proposal

1 August 2025
Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

Wall Street’s Quiet Crypto Takeover: New Charts Reveal Who’s in and Who’s Still Blocking Access

1 August 2025
XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

XRP Blows Cold: Price Crash To $2.15 Still Possible If Buyers Falter

1 August 2025
Facebook Twitter Instagram Youtube RSS
Coin Digest Daily

Stay ahead in the world of cryptocurrencies with Coin Digest Daily. Your daily dose of insightful news, market trends, and expert analyses. Empowering you to make informed decisions in the ever-evolving blockchain space.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • NFT
  • Regulations
  • Scam Alert
  • Web3

SITEMAP

  • About us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Bitcoin
  • Crypto Updates
    • General
    • Altcoin
    • Ethereum
    • Crypto Exchanges
  • Blockchain
  • NFT
  • Metaverse
  • Web3
  • DeFi
  • Analysis
  • Scam Alert
  • Regulations

Copyright © 2024 Coin Digest Daily.
Coin Digest Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$115,762.00-2.25%
  • ethereumEthereum(ETH)$3,669.76-3.96%
  • rippleXRP(XRP)$3.00-4.25%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$773.80-2.99%
  • solanaSolana(SOL)$169.24-5.28%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • staked-etherLido Staked Ether(STETH)$3,664.47-4.33%
  • dogecoinDogecoin(DOGE)$0.207957-5.56%
  • tronTRON(TRX)$0.327224-0.28%