The post Ethereum Price To $2,000 Or $6,000? Analyst Examines Ether’s Future Trajectory appeared on BitcoinEthereumNews.com.

The Ethereum price performance was quite disappointing in the final weeks of 2024, struggling beneath the $3,500 level. This end-of-the-year blues somewhat flowed into the altcoin’s action in the first month of 2025, as it failed to build any serious momentum in the first 30 days of the year. Unsurprisingly, this sluggish price action has led to the panic of several Ethereum investors, with a portion of the market pondering if to sell their tokens. A popular crypto analyst on the social media platform X has come forward with an in-depth analysis of the ETH price over the next few months. What Does The Future Hold For ETH Price? In a Jan. 31 post on X, crypto pundit Ali Martinez tried to answer the “Is it time to sell Ethereum and move on?” question while breaking down its recent price action and on-chain movement. According to the analyst, the future looks somewhat bleak for the price of ETH, as it stands at the risk of a deep correction in the short term. This is based on the MVRV Ratio (160-day moving average), which tracks the ratio between a coin’s market cap and the realized cap. It helps to evaluate whether a cryptocurrency (Ethereum, in this scenario) is overvalued. According to Martinez, the ETH price recently fell beneath the MVRV (160D-MA), an occurrence that led to a 40% correction the last time. Source: Ali_charts/X The potential of a severe price pullback has resulted in a shift in investor sentiment, with a particular investor cohort showing some level of anxiety in the market. Data from Glassnode shows that long-term Ethereum holders are beginning to sell off some of their coins, strengthening the odds of a price correction. In the case of a correction, certain on-chain price levels could be crucial to the…

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Filed under: News - @ February 2, 2025 12:08 am