The post MVRV Points to $7,000 Target appeared on BitcoinEthereumNews.com.

Market analyst Ali predicts Ethereum could hit $7,000, citing historical MVRV Pricing Band trends.   Donald Trump invests $42M in Ethereum within eight hours, sparking conspiracy theories of strategic moves.   Analysts expect Ethereum to reach $3,800–$4,100, with potential outperformance against Bitcoin. Ethereum’s price trajectory signals potential for significant gains, with market analyst Ali identifying a critical MVRV (Market Value to Realized Value) band level. In past bullish cycles, Ethereum consistently traded above the 3.2 MVRV band, a threshold that now points to a possible $7,000 target. MVRV compares Ethereum’s current market price to the average price at which coins were acquired. Analysts interpret this metric as a strong signal of undervaluation or overvaluation. Related: XRP vs. Ethereum: Can Ripple’s Token Stage Another Market Cap Upset? Technical Indicators Point to Bullish Momentum for ETH On the 1-day chart, the MACD line (blue) currently sits above the signal line (orange), and both are trending higher. This alignment indicates growing bullish momentum. A recent bullish crossover further strengthens this positive outlook. Source: Trading View Additionally, the Chaikin Money Flow (CMF) indicator is above the zero line, suggesting that more capital is entering the Ethereum market than leaving it. Together, these signals paint a bullish picture for the short term. Trump’s Ethereum Investment Fuels Speculation Reports reveal that U.S. President Donald Trump has purchased $16 million worth of Ethereum, adding to his earlier $26 million buy-in. The total $42 million acquisition has sparked widespread speculation about an imminent market move. Adding further intrigue, conspiracy theorists speculate that Trump’s significant investments could be a strategic play to capitalize on ETH’s price momentum, possibly driving it toward the much-anticipated $10,000 mark.  ETH/BTC Pair Highlights Ethereum’s Growing Potential The ETH/BTC trading pair shows Ethereum’s potential to outperform Bitcoin, with Bitcoin nearing local resistance levels. Market participants expect Ethereum…

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Filed under: News - @ January 20, 2025 3:22 pm