[Analysis] "Ethereum's Peak Is Not Yet Here... There Is Still Potential for Further Rise"
Uk Jin
Summary
- Cryptocurrency chart analyst Ali Martinez projected that Ethereum (ETH) has potential for further gains.
- He stated that Ethereum's MVRV (the ratio of market capitalization to realized capitalization) still indicates the possibility of further increase.
- As of 9:51 a.m. on this day, Ethereum is at $4,270 on CoinMarketCap, down 0.74% from the previous day.
There is a forecast that Ethereum (ETH) may see additional gains.
On the 11th (Korean time), cryptocurrency chart analyst Ali Martinez stated through X (formerly Twitter), "While some believe the market has reached its peak, this is not the case for Ethereum," and analyzed, "Ethereum's MVRV (the ratio of market capitalization to realized capitalization) continues to suggest there is room for further upside."
Meanwhile, as of 9:51 a.m. on this day, Ethereum is trading at $4,270 on CoinMarketCap, down 0.74% from the previous day.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
![[Exclusive] FSS to examine ZKsync coin that surged '1,000%' in three hours](https://media.bloomingbit.io/PROD/news/1da9856b-df8a-4ffc-83b8-587621c4af9f.webp?w=250)
