Viewpoint: Ethereum has seen an MVRV momentum golden cross, and the records from the past 6 years show that the previous four times triggered a 50% - 166% increase

According to crypto analyst alicharts, based on Ethereum's nearly 6-year historical trend, ETH tends to gain support after regaining the MVRV 0.8 price level, pushing towards the realized price (approximately $2300). Additionally, this signal is consistent with the previous four MVRV momentum golden crosses, which brought increases of 50% - 166%.

alicharts believes that $3000 should be regarded as a key resistance area, due to over 10 million ETH historical transaction records.