Ethereum Dey Near ‘Danger Zone’ as On‐Chain Metrics Dey Flash Mixed Signals
Ethereum (ETH) don climb 32% for 30 days and e dey trade just 2.2% below im all-time high wey near $4,878. Santiment on-chain analysis dey warn say 30-day MVRV ratio dey approach 15% “danger zone,” wey historically dey relate to 10–25% pullbacks as holders dey collect profit. Long-term MVRV stand for 58.5%, e mean say big unrealized gains dey and e fit cause selling pressure if resistance break. Some bullish signs na the steady drop for ETH wey dey for exchanges, sharp fall for mean UTXO age wey mean dormant coins don start to dey spend again, plus network realized profits dey increase. The recent rally na strong inflows into spot Ethereum ETFs—now get over $30 billion in assets—and solid ecosystem activity, with stablecoin supply increase 10% to $147 billion and total transactions reach $880 billion. Expect say Fed go cut rate for September, e fit push price up, but traders suppose watch on-chain valuation metrics for early warning of corrections.
Neutral
Di article e bring both di upside drivers dem—strong ETF inflows, di exchange supply wey dey reduce plus network activity wey dey increase—together with valuation risks wey di 15% 30-day MVRV dey show, wey dey near di historical pullback levels. Dis mix of bullish and bearish on-chain indicators mean say di market stance be neutral. Short term, traders fit see profit-taking if price break key resistance, just like how past corrections happen for similar MVRV levels. Long term, di steady ETF demand plus reduced circulating supply go support more gains, like di previous post-ETF rally phases.