Ethereum Price Can Reach $3,500 On The Back Of These Factors | Airdrop Alert Pro

Ethereum, the second-largest cryptocurrency, has recently failed to break above $3,524, triggering a sharp price drop. Since then, recovery efforts have remained weak volatility persist.

However, current conditions suggest that Ethereum may be preparing for a comeback as the market stabilizes.

Ethereum still has room to recover

Ethereum’s network value to transactions (NVT) ratio is declining and recently hit monthly lows. Lower NVT indicates that trading activity is in balance with the value of the network, reflecting reduced volatility. This creates an environment conducive to price recovery, something Ethereum desperately needs to get back on its feet.

Ethereum is expected to remain stable in the short term as the NVT ratio indicates healthy network activity. Reduced volatility typically boosts investor confidence, making cryptocurrencies more likely to see renewed buying interest. As speculation wanes, Ethereum has a chance Chart a path to meaningful recovery.

Ethereum’s realized profits recently fell to a six-week low, indicating a significant reduction in selling pressure from investors. The trend highlights a shift in market sentiment, with fewer players looking to offload their holdings. Such conditions Ethereum can be provided Taking advantage of broader bullish cues requires breathing room.

The lack of upside in realized profits suggests the selling lull may continue, allowing Ethereum to focus on building upward momentum. As investors hold onto the token, market conditions will set the stage for a gradual recovery as long as external factors remain favorable.

ETH Price Prediction: Breaking Down Barriers

Ethereum currently It is trading near $3,300, just below the key resistance at $3,327. Converting this into support is crucial for ETH to initiate a rally to $3,524, a 6% gain from current levels. The move would mark a partial recovery from recent losses.

A break above the $3,524 resistance will be crucial for Ethereum’s recovery. Achieving this would erase the recent downturn and allow the altcoin to rise further, with a possible target of $3,711. The move would highlight Ethereum’s resilience and align with the bullish sentiment in the broader market.

However, failure to establish support at $3,327 could stall the move Ethereum’s resurgence. Such a scenario would leave the cryptocurrency vulnerable to a retracement to $3,200, undermining recent progress and potentially delaying its move towards $3,500.