Ethereum (ETH) Ready to Surge? Signs of Price Increase Begin to Appear

Jakarta, Pintu News – According to the latest analysis from Coinvo, a crypto trader on the X platform, Ethereum (ETH) is currently undervalued. Although the price performance in recent years has been less than impressive, there are several on-chain metrics that support the view that Ethereum (ETH) may soon experience a price rally.

On-Chain Analysis Supports Ethereum’s Rise

Ethereum (ETH) has seen an 8% rise in the last two weeks, but is still down 43% from a year ago, with a trading price of around $1,700. Compared to Bitcoin (BTC), which is only down 13.7% from its all-time high, Ethereum’s (ETH) performance looks less encouraging. However, Coinvo points out that based on the Market Value to Realized Value (MVRV) Z score, Ethereum (ETH) is in the green zone signaling a possible market bottom and trend reversal.

Also Read: Will Solana Reach $420 in 2025? Check out the Prediction!

Inflow to Ethereum Accumulation Address

Inflows into Ethereum (ETH) accumulation addresses hit a record high recently, according to an X post by CryptoGoos analysts. These high inflows indicate that long-term investors continue to buy and hold Ethereum (ETH) despite challenging market conditions. This often reflects a growing confidence in the future value of Ethereum (ETH) and indicates a bullish sentiment may be developing.

Ethereum Availability on Exchanges is Dwindling

CryptoGoos also highlighted that Ethereum (ETH) reserves on exchanges hit a multi-year low. The decline in reserves on exchanges indicates less selling pressure and tighter supply, which could reinforce the narrative of Ethereum (ETH) scarcity and push the price up in the short term. If this trend continues, Ethereum (ETH) may see a significant price increase.

Conclusion

Despite concerns about further price drops if the global macroeconomic situation worsens, Crypto Rover analysts suggest that Ethereum (ETH) might follow in Bitcoin’s (BTC) footsteps in 2021. If this happens, Ethereum (ETH) could reach new highs in the coming months.

Also Read: Bitcoin Poised for a Big Spike Amid US Economic Chaos?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Ethereum Insanely Undervalued as Accumulation Addresses Keep Stacking, Is a Rally Imminent?. Accessed on May 7, 2025
• Featured Image: CNBC