Ethereum's market has seen a modest 4.1% gain in the past week amidst a broader crypto market rebound with the coin trading around $2,600, a key price barrier.
The MVRV ratio for Ethereum between 1.20-1.25 suggests investors are currently profitable, with 2.25 identified as a critical exit point based on historical data.
At present, Ethereum is trading at $2,520 with a slight price decrease, and the market sentiment remains neutral with a Fear & Greed index at 73, indicating strong levels of greed.
Analysts predict Ethereum could reach $2,737 in the next month and potentially climb back to around $4,099 within the next three months, indicating a bullish mid-term outlook.