Key Takeaways:
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The long-term ether owner who did not realize that profit/loss of indicator suggests that the price has entered the “belief” stage.
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The market value in the realized value suggests that ETH is not measured, with a room running for $ 5,500.
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Target of Ether Pattern Pattern $ 12,100.
Ether (Eth) The price has raw more than 240% since April to set a record high of $ 5,000 on Sunday. As a result, the profitability of investors has risen to the levels seen in previous bull cycles, suggesting that the ETH market enters the “belief” stage, increasing the chances of an extended rally.
Ethereum investor sentiment to “belief”
Onchain data points to the similarity between the current phase of the Ether market and previous bull cycles.
Long-term holder (LTH) net unrealized profit/loss (NUPL) indicator enters the “belief-refusal” (green) zone, a history position that precedes significant price rallies, Says Famous analyst Gert Van Lagen in an X post on Monday.
The LTH NUPL measures the difference between the relative -child who did not realize that income and relatives who did not realize the loss of investors to hold Bitcoin for at least 155 days.
Related: The Bitcoin Whales Swap BTC for Ether while the businessman sees ETH for $ 5.5K next
This zone is particularly significant because it suggests that ETH has not yet reached the euphoric phase (blue) that is usually associated with cycle peaks.
In previous market cycles, the transition from belief to euphoria coincides with a significant price increase.
In order for that to happen, the price of ETH is “still having to go up,” Van Lagen explained, adding:
“The $ 10k and $ 20k $ eth are unimaginable.”
The market value in the realized value (MVRV) ratio adds another layer of verification to the bullish thesis. Through a current of the day -to -day reading of 2.08, significantly lower than a peak of 3.8 in 2021 and 6.49 in 2017, the scale suggests Ethereum remains relatively measured.
The lower ratio of this MVRV indicates the covered income extraction and has increased the potential for prolonged price appreciation.
Ether’s MVRV Extreme Deviation Bands also suggest that the price of ETH still has more room for further expansion before the unlucky income that the investors hold has reached an intense level represented by the highest MVRV band at $ 5,500, as shown in the chart below.
ETH price analysts target $ 10,000 and more
But the price can go even higher from a technical point of view. Ether’s price action has proven a megaphone, a chart pattern formed on the weekly candle chart since December 2023, as Crypto analyst Jelle follows.
“This bullish megaphone has a target of $ 10,000, and the $ eth has defeated each level of resistance standing its way,” the analyst Says In an X post on Monday, adding:
“Clear sky. Take it.”
Fellow analyst Mickybull Crypto shouted at this point of view, saying That’s the “ETH delivered as expected,” which refers to Ether’s running all the time high over $ 5,000 on Sunday.
The analyst added that their target rotation for Ether was $ 7,000- $ 11,000.
The ETH/USD pair showed strength after destroying the top a round chart pattern under the sun -day chart. The price has rereed to the pattern neckline for $ 4,100 to confirm the breakout.
Bulls will try to push the price toward the technical target of the existing chart pattern at $ 12,130, or a 161% increase from the current price.
Other analysts are also predicted Ether can be up to $ 12,000 and even higher than 2025cited Possible reduction in interest ratecapital inflows by Spot Ethereum ETFSand demand from Eth Treasury Companiesthat remains strong.
This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.
