Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Ethereum up 8%: A profitable week for these investors
ALTCOIN NEWS

Ethereum up 8%: A profitable week for these investors

By Crypto FlexsJuly 16, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum up 8%: A profitable week for these investors
Share
Facebook Twitter LinkedIn Pinterest Email
  • ETH short-term holders profit.
  • ETH breaks through resistance line for the first time in weeks.

Ethereum (ETH) garnered attention as one of the most notable cryptocurrencies of the past week, with its market cap increasing by more than 14%.

Additionally, the 7-day Market Value to Realized Value (MVRV) ratio indicates that buyers who entered the market during this period are holding their investments profitably.

Ethereum Shows Attractive Trend

According to data analysis from Santiment, investors who bought Ethereum during the recent crash are now seeing significant gains. According to the data, ETH and several other assets have seen significant increases in market capitalization.

Specifically, ETH’s market cap increased by more than 14%, increasing value for holders. This increase highlighted the profitability of those who bought at a low price.

It is also attractive as an investment during volatile market periods.

ETH Trends

According to a report by AMBCrypto, a daily analysis of Ethereum showed a clear upward trend on July 15.

ETH price rose 8% to close at $3,485 from around $3,246. The surge took the price just above the short-term moving average (yellow line), which previously acted as resistance.

Ethereum Price Trends

Source: TradingView

The breakout of this short-term moving average is significant as it indicates that Ethereum has been able to overcome immediate resistance and suggests further upside is possible.

However, recent observations show it trading at $3,380, down about 3%.

It is slightly above the yellow line, but if it continues to decline, it could push back below this important resistance-turned-support level. The ongoing trading activity around this important point will determine the short-term price trajectory.

Short term holders see profits

An analysis of Ethereum’s 7-day Market Value to Realized Value (MVRV) ratio shows that short-term holders are realizing significant profits.

According to Santiment data, the MVRV ratio was around 5.6% at the time of writing. However, this ratio has been on a downward trend since the 9% mark recorded on July 15, which coincides with the ETH price decline.

Ethereum 7-day MVRVEthereum 7-day MVRV

Source: Santiment

Despite the recent decline, the MVRV ratio has been profitable for holders, indicating that those who invested recently are still making profits despite the price crash.


Ethereum (ETH) Price Prediction 2024-25 Read


The MVRV ratio first moved into the gains zone around July 9th and continued to rise until the recent decline. This move suggests a generally bullish sentiment among recent buyers.

However, the current downturn requires monitoring to gauge continued profitability or the possibility of further adjustments.

Next: PEPE’s 28% surge puts it in the top 20

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

Despite market volatility

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025
Add A Comment

Comments are closed.

Recent Posts

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025

NVIDIA’s GB200 NVL72 and Dynamo improve MoE model performance

June 7, 2025

Despite market volatility

June 7, 2025

TEZOS promotes scaling efforts by activating data soluble layers.

June 7, 2025

It shows a graphite network. Tesla is nothing without trust because Tesla’s Tesla spent $ 150 billion after Musk and Trump’s fallout.

June 7, 2025

The merchant warns that Bitcoin is in ‘cancer price behavior’.

June 7, 2025

Is Bitcoin Price Rally $ 150K by the end of the year?

June 7, 2025

How does it affect Bitcoin?

June 7, 2025

Gala Games introduces a step -by -step approach to founder node staking.

June 7, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

HOLONYM’s Human Network: Convert on boarding on boarding on human -friendly keys

June 7, 2025

The SEC gets $ 1.1m case when Crypto Schemer crosses the court.

June 7, 2025

NFT artists reproduce ‘password tax nightmares’ with new songs.

June 7, 2025
Most Popular

TON ecosystem is riddled with phishing attacks, SlowMist warns

June 24, 2024

Bitcoin liquidations surge as price falls below $64,000.

June 21, 2024

Bitcoin price turns red below $64,000, but the long-term upward trend remains intact.

March 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.