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ETH Ethereum has a key signal: MVRV gold cross-confirmation
Ethereum has performed poorly against Bitcoin, and now investors expect it to rise sharply. The long-awaited signal may have arrived. Cryptocurrency analyst Ali Martinez (pseudonym) said there was a bullish signal for Ethereum.
According to analysis, the MVRV gold cross signal, which is regarded as one of the strongest on-chain indicators of Ethereum, has been confirmed. Analysts posted on platform X saying that the MVRV Gold Cross had been officially formed on Ethereum, citing the indicator's historical performance.
According to analyst data, after the previous four MVRV gold cross signals appeared, Ethereum prices rose by 50%, 166%, 74% and 113% respectively.
"One of Ethereum's most bullish on-chain signals has emerged. The MVRV Golden Cross has been confirmed on ETH. After the previous four signals, they rose by 50%, 166%, 74% and 113%, respectively."
However, it is important to remember that similar signals have led to strong gains in the past, but this does not mean that the same performance will be repeated this time.
* This is not investment advice.
