The post Ethereum’s (ETH) Surprising Next Key Price Targets Hinted by This Indicator appeared on BitcoinEthereumNews.com.

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. As 2024 kicks off on a bullish note, crypto analyst Ali hints at the next key price targets for Ethereum based on the indicator “MVRV Pricing Bands.” According to Ali, the next key price targets for $ETH are $3,830 and $5,100, based on the MVRV pricing bands. At current Ethereum prices, these targets represent 58% and 110% increases, respectively. In a tweet on the first day of the year, Ali hinted that Ethereum might be poised for further gains. The reason he cited is that Ethereum faces no major barriers ahead. #Ethereum looks set for further gains! The path ahead of $ETH is clear, with no significant supply barriers in sight, suggesting a potential rise to $2,700 or beyond. Additionally, a robust demand wall at $2,000 provides solid support, potentially cushioning any corrections. pic.twitter.com/s79YAlkS8w — Ali (@ali_charts) January 1, 2024 Ali noted that the path ahead for ETH seems clear, with no significant supply barriers in sight. This might suggest a potential rise to $2,700 or beyond, he added. A strong demand wall at $2,000, on the other hand, provides steady support, potentially cushioning any corrections. At the time of writing, ETH had risen 6% in the previous 24 hours to $2,425, paralleling Bitcoin’s ascent beyond $45,000. Bitcoin topped $45,000 for the first time in nearly two…

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Filed under: News - @ January 3, 2024 2:26 am