Ethereum currently trades within the $1.9K mark.
The ETH market saw a liquidation of $49.37 million.
The largest altcoin, Ethereum (ETH), has broken above its MVRV 0.8 Pricing Band at $1,800, a threshold that has historically marked meaningful shifts in momentum. When the asset clears the higher level, the next destination would be near $2,300. Beyond that, $3,000 is the key level.
With more than 10 million ETH previously changing hands around that price, making it one of the most significant resistance zones on the chart. Adding weight to the bullish case, Ethereum has formed an MVRV Momentum golden cross. Previous signals of this kind were followed by rallies of 50%, 166%, 74%, and 113%, respectively.
Moreover, ETH is currently trading at $1,914, up by 2.47%, with its trading volume surging 20% to $9.64 billion. The session ranged between $1,854 and $1,922, and that high is sitting right against the resistance zone where sellers have started to respond. The mark
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