{"id":567674,"date":"2024-01-02T15:39:09","date_gmt":"2024-01-02T15:39:09","guid":{"rendered":"https:\/\/ktsl888.com\/?p=567674"},"modified":"2024-01-02T15:39:09","modified_gmt":"2024-01-02T15:39:09","slug":"3830-5100-major-ethereum-targets-according-model","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/ethereum\/3830-5100-major-ethereum-targets-according-model\/","title":{"rendered":"$3,830 & $5,100 Next Major Ethereum Targets According To This Model"},"content":{"rendered":"

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.<\/p>\n

Ethereum MVRV Pricing Bands Have Next Targets At $3,830 And $5,100<\/h2>\n

In a new post<\/a> on X, analyst Ali talked about the next key targets for Ethereum based on the “MVRV Pricing Bands.” The “Market Value to Realized Value<\/a>” (MVRV) is a popular ratio in on-chain analysis calculated by dividing the Bitcoin market cap by its realized cap.<\/p>\n

The “realized cap<\/a>” 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.<\/p>\n

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.<\/p>\n

Related Reading: Ethereum \u201cSet For Further Gains,\u201d Analyst Puts This Target<\/a><\/div>\n

Thus, the MVRV ratio tells us how the value that the investors hold right now (the market cap) compares against the total investment they made. Because of this, the MVRV ratio is often used to judge whether the asset is overpriced or underpriced currently.<\/p>\n

Now, here is a chart that shows “pricing bands” for Ethereum corresponding to different values of the MVRV ratio:<\/p>\n

\"Ethereum<\/p>\n

The trend in the MVRV Pricing Bands over the past few years | Source: @ali_charts on X<\/a><\/pre>\n
As displayed in the above graph, Ethereum currently trades above the 0.8 and 1.0 MVRV Pricing Bands. At these lines, the MVRV ratio is 0.8 and 1.0, respectively.<\/p>\n
When the price is under these lines, the investors are in a state of loss, and the asset may thus be considered “undervalued.” Historically, this is where bottoms<\/a> have become more likely to form for the cryptocurrency.<\/p>\n
ETH is currently on its way up, with the gap to these lines widening. From the chart, it’s visible that the next important MVRV Pricing Bands are 2.4 and 3.2. At these levels, Ethereum becomes overheated as the investors carry significantly more than they put into the coin.<\/p>\n
Profit-taking becomes much more likely when this happens, which can impede any price rise. In the past, the major tops in the cryptocurrency have formed when the price has been above one or both of these levels.<\/p>\n
Related Reading: $47,600 Or $38,600? What Could Be Next For Bitcoin<\/a><\/div>\n
These two MVRV Pricing Bands currently correspond to ETH prices of around $3,830 and $5,100, respectively. Therefore, these ceilings may be ones to watch currently, as the asset hitting the targets could imply that it’s starting to become overvalued.<\/p>\n
ETH Price<\/h2>\n
Ethereum has enjoyed a 4% jump during the past day and has breached the $2,400 level.<\/p>\n
\"Ethereum<\/p>\n
Looks like the value of the coin has registered a sharp increase over the last 24 hours | Source: ETHUSD on TradingView<\/a><\/pre>\n
Featured image from DrawKit Illustrations on Unsplash.com, charts from TradingView.com, Glassnode.com<\/div>\n","protected":false},"excerpt":{"rendered":"
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. Related Reading: Ethereum \u201cSet For Further Gains,\u201d Analyst Puts This Target Thus, the MVRV ratio tells us how the value that the investors hold right now (the market cap) compares against the total investment they made. Because of this, the MVRV ratio is often used to judge whether the asset is overpriced or underpriced currently. Now, here is a chart that shows “pricing bands” for Ethereum corresponding to different values of the MVRV ratio: The trend in the MVRV Pricing Bands over the past few years | Source: @ali_charts on X As displayed in the above graph, Ethereum currently trades above the 0.8 and 1.0 MVRV Pricing Bands. At these lines, the MVRV ratio is 0.8 and 1.0, respectively. When the price is under these lines, the investors are in a state of loss, and the asset may thus be considered “undervalued.” Historically, this is where bottoms have become more likely to form for the cryptocurrency. ETH is currently on its way up, with the gap to these lines widening. From the chart, it’s visible that the next important MVRV Pricing Bands are 2.4 and 3.2. At these levels, Ethereum becomes overheated as the investors carry significantly more than they put into the coin. Profit-taking becomes much more likely when this happens, which can impede any price rise. In the past, the major tops in the cryptocurrency have formed when the price has been above one or both of these levels. Related Reading: $47,600 Or $38,600? What Could Be Next For Bitcoin These two MVRV Pricing Bands currently correspond to ETH prices of around $3,830 and $5,100, respectively. Therefore, these ceilings may be ones to watch currently, as the asset hitting the targets could imply that it’s starting to become overvalued. ETH Price Ethereum has enjoyed a 4% jump during the past day and has breached the $2,400 level. Looks like the value of the coin has registered a sharp increase over the last 24 hours | Source: ETHUSD on TradingView Featured image from DrawKit Illustrations on Unsplash.com, charts from TradingView.com, Glassnode.com<\/p>\n","protected":false},"author":542,"featured_media":567714,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,1946,89582,91027,6931,87134,91028,8686],"class_list":["post-567674","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-ethereum","tag-ethereum-mvrv","tag-ethereum-mvrv-pricing-bands","tag-ethereum-price","tag-ethereum-rally","tag-ethereum-targets","tag-ethusd"],"acf":[],"yoast_head":"\n$3,830 & $5,100 Next Major Ethereum Targets According To This Model<\/title>\n<meta name=\"description\" content=\"An analyst has 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/ktsl888.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"$3,830 & $5,100 Next Major Ethereum Targets According To This Model","url":"http:\/\/ktsl888.com\/news\/ethereum\/3830-5100-major-ethereum-targets-according-model\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/ethereum\/3830-5100-major-ethereum-targets-according-model\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/drawkit-illustrations-8iIUDnRq87o-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/drawkit-illustrations-8iIUDnRq87o-unsplash.jpg?fit=3840%2C2160"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","ethereum","ethereum mvrv","ethereum mvrv pricing bands","ethereum price","ethereum rally","ethereum targets","ethusd"],"dateCreated":"2024-01-02T15:39:09Z","datePublished":"2024-01-02T15:39:09Z","dateModified":"2024-01-02T15:39:09Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"$3,830 & $5,100 Next Major Ethereum Targets According To This Model\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/3830-5100-major-ethereum-targets-according-model\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/ethereum\\\/3830-5100-major-ethereum-targets-according-model\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/drawkit-illustrations-8iIUDnRq87o-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/01\\\/drawkit-illustrations-8iIUDnRq87o-unsplash.jpg?fit=3840%2C2160\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"ethereum\",\"ethereum mvrv\",\"ethereum mvrv pricing bands\",\"ethereum price\",\"ethereum rally\",\"ethereum targets\",\"ethusd\"],\"dateCreated\":\"2024-01-02T15:39:09Z\",\"datePublished\":\"2024-01-02T15:39:09Z\",\"dateModified\":\"2024-01-02T15:39:09Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/01\/drawkit-illustrations-8iIUDnRq87o-unsplash.jpg?fit=3840%2C2160","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/567674"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=567674"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/567674\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/567714"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=567674"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=567674"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=567674"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}