4 Ethereum On-Chain Metrics Show ETH Price Drop Is No Concern
The Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price drop over the weekend has raised concerns in the crypto community about whether this is the end of the rally. However, on-chain metrics show that Ethereum fundamentals have enough strength to stage a quick recovery moving ahead. As far as ETH price sustains above the $2,200 support, market analysts believe that the rally remains intact.
Four On-Chain Metrics That Show Ethereum Strength
Let’s take a closer look at the signs that reflect current Ethereum strength.
Ethereum MVRV Momentum Flips Bullish
Crypto analyst Ali Martinez has highlighted a key shift in Ethereum’s market dynamics, noting that the MVRV (Market Value to Realized Value) ratio has transitioned from bearish to bullish territory. This development signals growing momentum in favor of Ethereum bulls, potentially setting the stage for further price gains in the near term.
The MVRV Ratio has flipped from bearish to bullish, a strong sign that momentum is now favoring the #Ethereum $ETH bulls.https://t.co/ZWnVR6mgJ4
— Ali (@ali_charts) May 18, 2025
Rising ETH Whale Activity
Analyst Martinez also stated that the Ethereum whale activity has shot up significantly, supporting this momentum shift. Just over the past month, ETH whales have accumulated a staggering 450,000 Ethereum, highlighting strong positive sentiment among big players.
Whale activity supports this momentum shift, with large holders accumulating over 450,000 #Ethereum $ETH in the past month.https://t.co/eBtz43rsQ6
— Ali (@ali_charts) May 18, 2025
ETH Exchange Supply Drops Significantly
Crypto analyst Ali Martinez reports that nearly 1 million Ethereum (ETH) has been withdrawn from exchanges since April, according to exchange data. This significant outflow indicates reduced selling pressure while bolstering Ethereum price stability and supporting bullish market momentum.
Exchange data also confirms the trend, with nearly 1 million #Ethereum $ETH withdrawn since April, reducing sell pressure.https://t.co/oykfzUGIQT
— Ali (@ali_charts) May 18, 2025
ETH Pricing Band Shows Strength
Based on pricing bands, Ethereum (ETH) could target $3,000 and potentially $4,000 if it maintains support above $2,200. This level serves as a critical foundation for building bullish momentum in the market.
According to the pricing bands, as long as #Ethereum $ETH holds above $2,200, the next upside targets could be $3,000 and possibly $4,000 as bullish momentum builds. https://t.co/Y8goRUPaAj
— Ali (@ali_charts) May 18, 2025
Additionally, Ethereum co-founder Vitalik Buterin has shared plans to scale the blockchain network. Buterin emphasizes the need to enhance Layer 1 (L1) scaling while maintaining accessibility for personal node operators. His proposed roadmap includes key advancements such as EIP-4444, distributed history storage, stateless verification, and the development of lightweight “partially stateless nodes” to improve network efficiency without sacrificing decentralization.
ETH Price Action From Here Onwards
Amid the growing strength of on-chain metrics and strong trading volumes, calls for $10K ETH price have been on the rise recently. Additionally, Ethereum has formed a golden cross on the technical chart as its short-term moving average crosses above a long-term moving average, indicating a strong bullish signal ahead.
$ETH GOLDEN CROSS
$10,000 loading
Believe pic.twitter.com/4Qg25gjQ7m
— Crypto GEMs 📈🚀 (@cryptogems555) May 18, 2025
Note: this is a sponsored message from our partners
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The post 4 Ethereum On-Chain Metrics Show ETH Price Drop Is No Concern appeared first on Coinspeaker.
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Ethereum’s Revenge: Arthur Hayes Predicts Run To $10,000
4 Ethereum On-Chain Metrics Show ETH Price Drop Is No Concern
The Ethereum ETH $1 845 24h volatility: 2.6% Market cap: $222.72 B Vol. 24h: $14.22 B price drop over the weekend has raised concerns in the crypto community about whether this is the end of the rally. However, on-chain metrics show that Ethereum fundamentals have enough strength to stage a quick recovery moving ahead. As far as ETH price sustains above the $2,200 support, market analysts believe that the rally remains intact.
Four On-Chain Metrics That Show Ethereum Strength
Let’s take a closer look at the signs that reflect current Ethereum strength.
Ethereum MVRV Momentum Flips Bullish
Crypto analyst Ali Martinez has highlighted a key shift in Ethereum’s market dynamics, noting that the MVRV (Market Value to Realized Value) ratio has transitioned from bearish to bullish territory. This development signals growing momentum in favor of Ethereum bulls, potentially setting the stage for further price gains in the near term.
The MVRV Ratio has flipped from bearish to bullish, a strong sign that momentum is now favoring the #Ethereum $ETH bulls.https://t.co/ZWnVR6mgJ4
— Ali (@ali_charts) May 18, 2025
Rising ETH Whale Activity
Analyst Martinez also stated that the Ethereum whale activity has shot up significantly, supporting this momentum shift. Just over the past month, ETH whales have accumulated a staggering 450,000 Ethereum, highlighting strong positive sentiment among big players.
Whale activity supports this momentum shift, with large holders accumulating over 450,000 #Ethereum $ETH in the past month.https://t.co/eBtz43rsQ6
— Ali (@ali_charts) May 18, 2025
ETH Exchange Supply Drops Significantly
Crypto analyst Ali Martinez reports that nearly 1 million Ethereum (ETH) has been withdrawn from exchanges since April, according to exchange data. This significant outflow indicates reduced selling pressure while bolstering Ethereum price stability and supporting bullish market momentum.
Exchange data also confirms the trend, with nearly 1 million #Ethereum $ETH withdrawn since April, reducing sell pressure.https://t.co/oykfzUGIQT
— Ali (@ali_charts) May 18, 2025
ETH Pricing Band Shows Strength
Based on pricing bands, Ethereum (ETH) could target $3,000 and potentially $4,000 if it maintains support above $2,200. This level serves as a critical foundation for building bullish momentum in the market.
According to the pricing bands, as long as #Ethereum $ETH holds above $2,200, the next upside targets could be $3,000 and possibly $4,000 as bullish momentum builds. https://t.co/Y8goRUPaAj
— Ali (@ali_charts) May 18, 2025
Additionally, Ethereum co-founder Vitalik Buterin has shared plans to scale the blockchain network. Buterin emphasizes the need to enhance Layer 1 (L1) scaling while maintaining accessibility for personal node operators. His proposed roadmap includes key advancements such as EIP-4444, distributed history storage, stateless verification, and the development of lightweight “partially stateless nodes” to improve network efficiency without sacrificing decentralization.
ETH Price Action From Here Onwards
Amid the growing strength of on-chain metrics and strong trading volumes, calls for $10K ETH price have been on the rise recently. Additionally, Ethereum has formed a golden cross on the technical chart as its short-term moving average crosses above a long-term moving average, indicating a strong bullish signal ahead.
$ETH GOLDEN CROSS
$10,000 loading
Believe pic.twitter.com/4Qg25gjQ7m
— Crypto GEMs 📈🚀 (@cryptogems555) May 18, 2025
Note: this is a sponsored message from our partners
👛 Best Wallet Presale: Don’t Miss This Opportunity!
As altcoins are gaining traction recently, demand for decentralized non-custodial wallets is also on the rise. Best Wallet is a decentralized, non-custodial wallet built for seamless crypto management. With support for over 1,000 tokens across more than 60 blockchains, it allows users to buy, sell, store, and trade cryptocurrencies directly through a user-friendly mobile app.
Details to Pay Attention to
From Bitcoin and Ethereum to Solana and Dogecoin, Best Wallet enables low-fee swaps with ease. Additionally, users can import their existing wallets, making it a versatile solution for both new and experienced crypto enthusiasts. The native BEST token powers all of these features.
Key data:
Ticker: BEST
Current price: $0.025045
Total USD raised: $12,474,629.48
Payment methods: Crypto, card payments
Additionally, BEST token holders will be able to unlock 143% per year in rewards. The highlight for the community is the “Best Card” – a crypto debit card that offers up to 8% cashback on every purchase.
The post 4 Ethereum On-Chain Metrics Show ETH Price Drop Is No Concern appeared first on Coinspeaker.
Read More