Golden Cross Hints at Strong Uptrend Ahead | Airdrop Alert Pro

Ethereum (ETH) price has lagged other major assets this year, rising 30% year to date, compared with Bitcoin’s 102% gain and Solana’s 118% gain. However, recent indicators suggest that ETH may be gearing up for stronger performance.

Whale accumulation is accelerating again, with key indicators such as the 7-day MVRV ratio and EMA alignment signaling a potential bullish phase.

ETH 7D MVRV is at an important threshold

Ethereum 7-day MVRV ratio It is currently at -3%, indicating that short-term holders are experiencing slight unrealized losses on average. This indicator typically indicates whether an asset is undervalued or overvalued relative to recent market activity.

A negative MVRV ratio like this could signal potential accumulation territory, as it reflects that holders may be less willing to sell, creating room for price increases when demand increases.

MVRV 7-day ratio measures the average profit or loss of acquired addresses Ethereum in the past 7 days.

Interestingly, the MVRV 7D ratio was hovering around similar levels on November 5 before the price surged Ethereum In just one week, the price went from $2,400 to $3,400, highlighting that this could happen again soon.

Ethereum whales gather again

From November 7 to 13, the number of whales is at least 1,000 Ethereum increases A significant increase from 5,527 to 5,561. This marks one of the largest growth spurts for the metric in 2024, indicating strong accumulation by major shareholders.

Such activity often reflects growing confidence in ETH, as whale pile Often preceded by periods of rising prices due to reduced selling pressure and concentrated ownership.

Addresses with balance >= 1,000 ETH. source: glass node

Following this surge, the indicator fell sharply to 5,534 points in just one day, reflecting profit-taking. However, it started climbing again, reaching 5,548 points in recent days.

This renewed growth suggests whales are positioning themselves again, which could support Ethereum price stabilizing and even fueling a potential rally.

ETH price prediction: potential 15% upside

With MVRV 7D ratio at -3% and whales returning to aggregation, Ethereum price It seems to be getting ready for a bullish phase. This outlook is further supported by the EMA arrangement, where price is above all lines and the short-term line is crossing above the long-term line, forming a golden cross.

This technical setup usually signals the start of a strong uptrend and reflects the market’s growing momentum.

If the bullish momentum continues, ETH could challenge the $3,560 resistance, implying a potential upside of 15% from current levels.

However, if the uptrend weakens, ETH may test support near $2,822, which could lead to a further pullback to $2,360 if it fails to hold this area. These levels will be critical in determining whether ETH can sustain its recovery or face further consolidation.