An analyst has explained that $3,830 and $5,100 could be the next major targets for Ethereum based on an on-chain pricing model.
Ethereum MVRV Pricing Bands Have Next Targets At $3,830 And $5,100
In a new post on X, analyst Ali talked about the next key targets for Ethereum based on the “MVRV Pricing Bands.” The “Market Value to Realized Value” (MVRV) is a popular ratio in on-chain analysis calculated by dividing the Bitcoin market cap by its realized cap.
The “realized cap” here refers to a capitalization model for BTC that assumes that the true value of any coin in circulation is not the current spot price but the value at which the coin was last transacted on the blockchain.
The last transfer price of any coin may be considered as its buying price, so the realized cap considers the cost basis of all the investors. Put another way, the indicator keeps track of the total amount the holders have invested in the cryptocurrency.
Thus, the MVRV ratio tells us how the value tha
We współpracy z: https://www.newsbtc.com/news/ethereum/3830-5100-major-ethereum-targets-according-model/
