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【Explosive Prediction】Ethereum Has a Super Reversal Signal, Is the Next Target Actually Pointing to $10,000?!
The price of Ethereum is approaching a historic support zone, and the market has sensed a big move. Based on the MVRV extreme deviation pricing model, ETH is once again nearing a key undervalued area, which has historically triggered strong rebounds every time it has dipped below. Now, this scene may soon be repeated.
MVRV Indicates Major Bottom, $1,367 Becomes Key Lifeline
Analysis indicates that the price of Ethereum is close to the lower limit of the MVRV band—around $1,367. Historically, ETH has experienced fierce rebounds after touching this area, with 2018 and 2022 being bloody examples. If history repeats itself this time, it could be another super reversal opportunity!
Technical Formations Release Counterattack Signal, Target $2,880?
On the monthly chart, Ethereum has formed a clear 'Bullish Hammer' pattern, indicating that selling pressure is weakening, and buying power is starting to return. If this structure is confirmed, the price may directly challenge the $2,880 resistance zone in the short term!
ETH/BTC Ratio Hits Bottom, Historical Turning Point Approaches
Even more shocking is that the ETH/BTC trading pair has also returned to the support zone prior to the surge in 2020. Historical data shows that every time it dips into this range, Ethereum launches a fierce counterattack against Bitcoin, and this time may not be an exception.
Vitalik's New Upgrade Boosts Ethereum Towards $10,000?
With Ethereum founder Vitalik's promotion of the new RISC-V upgrade, network efficiency and scalability will be greatly enhanced. The market expects this to become a strong catalyst for ETH's long-term surge, and the super target of $10,000 has been put on the agenda!
The price of Ethereum is approaching a historic support zone, and the market has sensed a big move. Based on the MVRV extreme deviation pricing model, ETH is once again nearing a key undervalued area, which has historically triggered strong rebounds every time it has dipped below. Now, this scene may soon be repeated.
MVRV Indicates Major Bottom, $1,367 Becomes Key Lifeline
Analysis indicates that the price of Ethereum is close to the lower limit of the MVRV band—around $1,367. Historically, ETH has experienced fierce rebounds after touching this area, with 2018 and 2022 being bloody examples. If history repeats itself this time, it could be another super reversal opportunity!
Technical Formations Release Counterattack Signal, Target $2,880?
On the monthly chart, Ethereum has formed a clear 'Bullish Hammer' pattern, indicating that selling pressure is weakening, and buying power is starting to return. If this structure is confirmed, the price may directly challenge the $2,880 resistance zone in the short term!
ETH/BTC Ratio Hits Bottom, Historical Turning Point Approaches
Even more shocking is that the ETH/BTC trading pair has also returned to the support zone prior to the surge in 2020. Historical data shows that every time it dips into this range, Ethereum launches a fierce counterattack against Bitcoin, and this time may not be an exception.
Vitalik's New Upgrade Boosts Ethereum Towards $10,000?
With Ethereum founder Vitalik's promotion of the new RISC-V upgrade, network efficiency and scalability will be greatly enhanced. The market expects this to become a strong catalyst for ETH's long-term surge, and the super target of $10,000 has been put on the agenda!
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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