#cryptotradingpro

📊 Ethereum Price Update: $ETH pulls back to $3,500 after hitting bearish pressure, dropping from $3,900. Despite the dip, the MVRV ratio suggests the uptrend may continue! 🚀

Crypto analyst @burak_kesmeci notes ETH’s MVRV is nearing a breakout from a 7-year downtrend, supported by strong institutional interest (e.g., record inflows into US spot ETH ETFs). 📈

As long as MVRV holds above the 365-day SMA, a return to $4,000+ could be imminent. Current price: ~$3,523. What’s your take on ETH’s next move? 👀