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#ETHBackAbove1900 Bitcoin
Ethereum (ETH) has been underwhelming against Bitcoin (BTC$ 64.997,74), but investors are now expecting a major upside move for ETH$ 1.943,40.
This expected signal may have already appeared. The pseudonymous crypto analyst Ali Martinez said an upside signal has emerged for ETH.
Accordingly, the analyst explained that the MVRV Golden Cross signal—seen as one of the strongest on-chain indicators for Ethereum—has been confirmed.
In a post on X, the analyst noted that the MVRV Golden Cross has officially formed on Ethereum, drawing attention to the indicator’s past performance.
According to the data the analyst shared, after the four previously seen MVRV Golden Cross signals, the Ethereum price rose by 50%, 166%, 74%, and 113%, respectively.
However, it’s important to remember that the fact that similar signals previously led to strong rallies does not necessarily mean the same performance will be repeated with certainty this time.
NOT INVESTMENT ADVICE