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Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

From fxstreet.com

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal. Historically, ETH has rallied by roughly 245% if, after triggering the MVRV Buy Signal, it successfully clears and holds above the realized price (average on-chain investors' cost basis) resistance. In November 2022 and April 2025, the top altcoin rallied by 270% and 220% in subsequent months ... (full story)

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  • Category: Technical Analysis