The performance of the Ethereum price was very disappointing in the last week of 2024 and struggled at the level of $ 3,500. The year -end blues flows into Altcoin actions in the first month of 2025.
Naturally, this sluggish price action has led to some Ethereum investor panic. Social Media Platform X’s popular cryptographic analysts have undergone detailed analysis of ETH prices over the next few months.
What do you keep at the ETH price in the future?
Crypto Pundit Ali Martinez tried to answer, “Is it time to sell Ethereum and go ahead?” Questions while destroying recent price actions and chain movements. According to analysts, the future looks a bit dark at the price of ETH because there is a risk of deep correction in the short term.
This is based on the MVRV ratio (160 days of moving average) and tracks the market capitalization of coins and the real cap. It helps to evaluate whether the cryptocurrency (Ethereum in this scenario) is overrated. According to Martinez, ETH price has recently fallen under MVRV (160D-ma).
Source: ALI_CHARTS/X
The possibility of a harsh price back has changed the emotions of the investor, and a specific investor cohort shows some anxiety in the market. Glassnode data indicates that long -term Ethereum holders are starting to sell some coins and are strengthening the possibility of price correction.
In the case of modification, a specific on -fin price level is important for long -term health at ETH price. One of these price areas is $ 2,230 to $ 2,610 (Almost 12 million wallets purchased 62.27 million ETH)This may function as a major support zone for further decline.
From a technical price analysis point of view, ETH price seems to form a reverse head and shoulder pattern, and has a major support level of $ 2,800 to $ 3,000. According to Martinez, the price of Ethereum may be obtained. If this support area is maintained, the pattern neckline plays $ 4,000.
Source: ALI_CHARTS/X
The $ 4,000 level is functioning as a major resistance level for four years, but recent accumulation of whales will increase the possibility of breaking this important area. The latest on -fin data is wHails was purchased for more than 100,000 ETH ($ 340 million or more) inch The last few days.
Martinez pointed out that if the price of Ethereum exceeded $ 4,000, it could move more than $ 6,770 based on the MVRV price setting band. This represents more than 100 % rally from the current price range.
The price of Ethereum is at a glance
At the time of this writing, the price of Ethereum is about $ 3,315, reflecting more than 2 % in the past 24 hours.
The price of Ethereum loses the level of $ 3,300 in the daily time frame | Source: TradingView Ethusdt Chart
Special image of Istock, TradingView chart
