Ethereum price fell below critical levels, worried investors. The re -dangerous level of the MVRV rate indicates that ETH may lose 40 %. However, some analysts say that the long -term target of $ 10,000 is still possible. So, what awaits ETH investors?
Can Ethereum drop to $ 2,100?
Famous analyst Ali Martinez, Ethereum’un MVRV ratio of the 160 -day moving average of the average, he said. In the past, similar situations caused a 40 %decline of the price. If history repeats, it seems possible for ETH to fall to $ 2,100.
On the other hand, analyst emphasizes that Martinez Ethereum is a critical support area between 2,230 and $ 2,610. There are 11.99 million wallets that hold about 62 million ETH at these levels. If ETH cannot hold at these levels, there may be a greater collapse.
Ethereum supply is increasing, price is under pressure!
Crypto analyst Benjamin Cowen argues that Ethereum’s supply is constantly increasing and the deflationist model failed. Stating that ETH supply has increased by 60,000 coins per month since July 2023, Analyst says that it increases the pressure on the price.
Cowen said that the approach of Ethereum supply before Merge is a worrying situation for the market. If the supply increase persists, it may be difficult to recover from ETH. This may cause investors to be more cautious in the short term.
Can Ethereum reach $ 10,000?
Some analysts believe Ethereum can reach $ 10,000 in the long term. Analyst TED Pillows, ETH’s exceeding $ 4,000 will trigger a huge rise. According to Pillows, Ethereum’s rise trend continues and Trump’s crypto investments can accelerate this process. If ETH breaks the level of $ 4,000, it can reach $ 9,000 to 10,000 dollars in the next 3-4 months.
Ethereum is currently traded for $ 3,186 and the daily transaction volume increased by 22 %and reached $ 24.17 billion. However, ETH’s weak performance makes some analysts think that XRP can cross Ethereum. The level of $ 3,000 for Ethereum investors is a critical threshold. If this level goes down, a large decrease may be experienced up to $ 2,100. However, if $ 4,000 is exceeded, all eyes will be turned into new peaks!
