Ethereum’s Next Leg Higher? Historic Indicator and Whale Activity Align
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Ethereum has risen 16% over the past month and now shows a technical setup that historically precedes strong price recoveries. Analyst Ali Martinez says ETH’s MVRV ratio is nearing a bullish crossover above its 160-day simple moving average, suggesting a potentially bullish signal for token performance and market recovery in the crypto space.
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Ethereum has climbed by 16% over the past month and is now showing a technical setup that has historically been followed by strong price recoveries, according to crypto analyst Ali Martinez.
He found that ETH’s MVRV ratio is nearing a bullish crossover above its 160-day simple moving average (SMA).
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Coins
$ 1.89K
-2.58%$ 1.89K
-2.53%Predictions Markets
See what traders are focused on
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