Ethereum $3,129.8 The price shows that there is a 40 %risk of decrease if the MVRV -on -top metric data repeat historical trends. While ETH is fighting below $ 3,200, the general market feeling has a negative appearance against Ethereum, the largest subcoin. However, the hope that a rally up to 10,000 dollars continues. In addition, while the FED President Jerome Powell keeps interest rates constant, subcoins may be forced in the existing quantitative tightening environment.
Ethereum price may decrease by 40 %, popular analyst predicted
Ali Martinez, the leading crypto analyst, underlined a critical trend in Ethereum’s market performance. According to Martinez, the ratio of Ethereum’s market to Realized Value (MVRV) again fell below the 160 -day moving average. In a similar situation in June last year, the price of Ethereum experienced a 40 %decrease from $ 3,500 to $ 2,100.
“The MVRV ratio of Ethereum falls below the 160 -day moving average, bringing the risk of a major decrease in the price.” – Ali Martinez
The growth price in ETH supply can suppress
In July last year, crypto analyst Benjamin Cowen warned about the increasing supply of Ethereum (ETH). This shows that Merge, planned for deflationist ETH, failed. According to Cowen, there is a monthly increase in a monthly supply increase. The increase in supply is an important concern that can make it difficult to recover the ETH price.
“Ethereum supply is only 11,000 ETH away from the pre -Merge supply level and the monetary policy is beginning to change.” – Benjamin Cowen
Ethereum’s climbing for $ 10k can be a remote target?
In the last few months, crypto market analysts were optimistic that Ethereum could reach five -digit figures. As long as the price of ETH remains above $ 3,000, the market can move upward. However, the first resistance level is seen as $ 4,000 and at this level Ethereum has been rejected many times in the past. Analyst TED Pillows, Analyst, “Ethereum creates higher bottoms in high -time bottoms. The 4K level is a critical level and the reconstruction of this level will lead ETH to the new AC, ”he said.
“Ethereum creates higher bottoms. The acquisition of 4K level will enable ETH to reach 9K-10K. ” – TED Pillows
At the time of the press, ETH price increased by 2 %to $ 3.186 and the daily transaction volume increased by 22 %and reached $ 24.17 billion. With the decline in the performance of Ethereum, crypto market analysts believe that XRP can cross Ethereum.
These developments, which affect Ethereum’s price movements, are among the issues that investors follow carefully. Changes in supply increase and market sensation can shape ETH’s short -term price performance.
Although analyst’s views vary, there are various scenarios about the future of Ethereum. Some analysts emphasize the risk of a big fall, while others think there will be a strong recovery in the long run.
Bitcoin 
$102,381.3 The movements of large crypto currencies such as are among the important factors that may affect the price of Ethereum. General market dynamics and global economic indicators will play a role in determining the future value of Ethereum.
Unique Information and Investment Tips
For Ethereum investors, it is important to carefully follow market trends and analyst comments. In addition to supply and demand dynamics, global economic conditions may affect investment decisions. Technological developments and updates in the Ethereum network can also shape price movements.
As a result, there are many factors that affect Ethereum’s price movements, and it is important that investors have a comprehensive analysis and consider the risks.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
