DeFi Daily News
Sunday, August 31, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum (ETH) Poised to Break $4,000 and Beyond as Whales Accumulate | Coin Media

News Room by News Room
December 5, 2024
in Ethereum
0 0
0
rewrite this title Ethereum (ETH) Poised to Break ,000 and Beyond as Whales Accumulate | Coin Media
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Ethereum (ETH) price is now 19% below its all-time high, with the potential to reach $4,000 for the first time since March 2024. Key metrics, including a rising 7-day MVRV and increased whale accumulation, highlight growing bullish sentiment around ETH.

If ETH breaks through the $4,000 level, it could begin a surge toward its previous high of $4,867, though failure to sustain this rally might result in a retest of key support levels.

ETH 7D MVRV Shows Ethereum Price Could Rise More

Ethereum 7-day MVRV has climbed to 6.1%, up significantly from 0.28% just two days ago. This sharp increase reflects growing unrealized profits among short-term holders, indicating heightened market optimism. Historically, when ETH’s 7-day MVRV approaches these levels, it has often led to corrections.

However, there have been instances where MVRV levels extended to 7% and even 13% before any significant pullback, suggesting the current rally could have more room to run.

ETH 7D MVRV. Source: Santiment

MVRV (Market Value to Realized Value) measures the ratio of an asset’s market value to its realized value, providing insights into whether holders are in profit or loss. Higher MVRV signals increased unrealized profits, which can lead to selling pressure, while lower values suggest undervaluation.

With ETH 7-day MVRV still below 7%, the data indicates potential for further price appreciation before a correction occurs, provided sentiment remains bullish and selling pressure does not intensify prematurely.

Ethereum Whales Are Heavily Accumulating ETH

The number of wallets holding at least 1,000 ETH hit a 3-month low of 5,524 on October 30 but has since reversed its trend, showing renewed accumulation. By November 3, this metric climbed to 5,599, the highest value since October 6.

This increase suggests that large holders, or whales, are re-entering the market, potentially signaling growing confidence in Ethereum price.

Addresses with Balance >= 1,000 ETH. Source: Glassnode

Tracking whale activity is critical because these large holders often have the power to influence market trends due to the significant volumes they control.

The recent uptick in wallets holding at least 1,000 ETH could indicate a bullish sentiment among major investors. That will possibly support further price increases. If this accumulation trend continues, it may provide a foundation for sustained upward momentum in ETH price.

ETH Price Prediction: A New All-Time High Soon?

Ethereum price current uptrend is shown by its EMA Lines, and if it can break into the $4,000 level, it could start a new surge. Then, it could test its previous all-time high of around $4,800, as explained by Juan Pellicer, Senior Researcher at IntoTheBlock.

“Ethereum is showing strong potential to break the $4,000 level, supported by key drivers such as record institutional inflows into Ethereum ETFs, substantial whale accumulation, and heightened interest in staking-enabled ETF products. At the same time, rising layer 2 transaction volumes and increasing DeFi TVL are setting the stage for Ethereum challenging its old high of $4,867 in the near term,” Pellicer told BeInCrypto.

ETH Price Analysis. Source: TradingView

On the other hand, if the current uptrend isn’t strong enough and the ETH price can’t break or sustain above $4,000, it could test support zones around $3,688, $3,500, and even $3,255.

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: AccumulatebreakcoinETHEthereummediaPoisedrewritetitleWhales
ShareTweetShare
Previous Post

rewrite this title Mambu Acquires Numeral to Expand Payment Capabilities – Finovate

Next Post

rewrite this title and make it good for SEOIsraeli tech M&A deals reach new peak – report

Next Post
rewrite this title and make it good for SEOIsraeli tech M&A deals reach new peak – report

rewrite this title and make it good for SEOIsraeli tech M&A deals reach new peak - report

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

Jared Kushner Nears Deal to Purchase Ownership Stake in Phoenix

July 15, 2024
zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

zkLink Revolutionizes Telegram User Onboarding with One-Click Web3 Integration Using MagicLinks Toolkit

September 17, 2024
rewrite this title Falcon Finance Launches On-Chain Insurance Fund With M Initial Capital

rewrite this title Falcon Finance Launches On-Chain Insurance Fund With $10M Initial Capital

August 28, 2025
Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

Crypto Sentiment Shift in 2025📈CoinDepo INTERVIEW

August 3, 2025
Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

Top 5 Superior Ethereum Faucets to Earn Free ETH in 2024

July 16, 2024
I stumbled upon a Duolingo hack, and now I regret it

I stumbled upon a Duolingo hack, and now I regret it

October 12, 2024
rewrite this title Los Angeles FC v San Diego FC: Son wants trophies ahead of home debut – Soccer News

rewrite this title Los Angeles FC v San Diego FC: Son wants trophies ahead of home debut – Soccer News

August 31, 2025
rewrite this title The Future of Cars: Autonomous, Electric, and Flying Vehicles

rewrite this title The Future of Cars: Autonomous, Electric, and Flying Vehicles

August 31, 2025
rewrite this title and make it good for SEONorthern Intermediate Tax-Exempt Fund Q2 2025 Commentary

rewrite this title and make it good for SEONorthern Intermediate Tax-Exempt Fund Q2 2025 Commentary

August 31, 2025
rewrite this title CHARLY launches 2025 Heritage Collection celebrating Mexico’s football and culture

rewrite this title CHARLY launches 2025 Heritage Collection celebrating Mexico’s football and culture

August 30, 2025
rewrite this title Aldi’s New Oat Milk Lattes Have Secret Nutrient-Packed Ingredients, and They Come in 4 Flavors

rewrite this title Aldi’s New Oat Milk Lattes Have Secret Nutrient-Packed Ingredients, and They Come in 4 Flavors

August 30, 2025
rewrite this title Venice 2025: Guillermo del Toro’s ‘Frankenstein’ is All Cinema Can Be | FirstShowing.net

rewrite this title Venice 2025: Guillermo del Toro’s ‘Frankenstein’ is All Cinema Can Be | FirstShowing.net

August 30, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.