The modern report from Glassnode has historically revealed a significant level of Ethereum, which can mean the beginning of an overheated phase if it is violated.
Ethereum is heading towards the lively price
In its latest weekly report, an analytical company in the chain Glass knot He talked about some valuation models for Ethereum. The models in question are a realized price, a real market average and lively price.
The first of them, the completed price, refers to the average cost base or the price of taking over all cryptocurrency tokens, which are currently part of the circulating supply.
The other two models, a real market average and lively price, are also aimed at finding the basics of the network cost, but both of them exclude long -term coins. Such tokens will probably be lost due to missing portfolio keys, so they are not part of the economic supply. Thus, these models can ensure a more right measure of the market situation than the price implemented.
Now there is a chart that shows the trend in three price models in the Ethereum chain over the past few years:
As shown in the chart above, the price of Ethereum, a real market average and lively price of investors are about USD 2,300, USD 2,500 and USD 3000, respectively. This means that with the current value of ETH, all models agree that the owners as a whole are green.
But now that the resource escaped above these lines, what could be next? “To assess the additional goals for this ETH rally, we can turn to the standard Standard Treatment band +1 active price Ethereum,” notes Glassnode.
The standard deviation of the +1 (SD) of the indicator is a place where sales pressure has intensified in the past. The reason for this trend may consist in the fact that investor profits are becoming significant beyond this limit, so mass sales with the purpose of accepting profits may be more likely.
Below is a chart showing where this level is currently for ETH.
The chart shows that the ethereum Dynamic Reveded price +1 SD is today for $ 4,500. Eth is currently a distance from the level, but if his recent stubborn pressure continues, he can end it.
In the current current cycle, ETH tested the border once, in March 2024. Then the cryptocurrency found a rejection on it. In Bull in 2021, the coin was able to next to her, but in this way she began the unbalanced market phase of euphoria.
“Therefore, 4,500 USD can be identified as a critical level to observe depending, especially if the increase in Ethereum growth and speculative dispute is approaching further,” explains the analytical company.
Price ETH
At the time of writing this text, Ethereum sails about USD 3600, which is an escalate of almost 7% in the last seven days.
A distinguished picture from Dall-E, Glassnode.com, Chart from TradingView.com
