All three signals are at the same point, which is very important. The MVRV Z-Score, Market Cap Growth Rate, and Delta Growth Rate are all at levels that have previously served as support zones for the market,as defined by past cycles. Weson warned that Ethereum could fall below $2,000 if the foundations break down as supply pressure mounts against declining demand, which is expected to continue into 2025.
The current price is a tactical exposure for higher-risk investors. However, viewed from a broader perspective, on-chain data indicate that Ethereum remains structurally weak.
The charts and commentary were posted on X by João Weson, founder and CEO of Alphactal, with all data sourced from Alphactal’s on-chain analytics platform.
Also Read: Bitmine Unrealized PnL Turns Negative as Ethereum Price Slides