ETH Bulls Return: A Massive Move Could Be Next
The price of Ethereum is once again making an effort to overcome the $3,000 mark. However, the endeavor is at a standstill. ETH returned to its support zone after a brief increase, indicating that the market is still split. The bullish momentum is steadily rising once more. However, investor impatience might impede the rebound if a clear path does not emerge quickly.
ETH Warning Sign: MVRV Indicator Flashes Potential Correction
The MVRV Long/Short Difference is approaching the neutral line. This may indicate a change in the balance of profits between long-term and short-term investors. This measure monitors whether gains are being realized more by short-term holders (STHs) or long-term holders (LTHs). A decline below the neutral line for Ethereum would indicate that most unrealized profits are held by STHs. Because STHs have a history of selling swiftly at the first hint of weakness, this change is significant. ETH may experience fresh selling pressure if it starts taking profits close to $3,000. Despite more general bullish signals, sentiment is brittle because this behavior has frequently halted prior recovery attempts.
Ethereum Squeeze Builds: Is a Big Move Coming?
An additional level of intricacy is introduced by the squeezing momentum indicator. Right now, ETH is going through a squeeze build-up, which happens when momentum contracts and volatility tightens. Usually, this comes before a powerful directional maneuver. Price acceleration may occur after the squeeze is loosened, according to the histogram, which shows that bullish momentum is growing. ETH might profit from an increase in volatility if positive momentum keeps building throughout this time. Though confirmation depends on market activity and whether buyers intervene near $3,000, this configuration has preceded rallies in previous cycles.
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