Here is the reason that the price of ETHEREUM is less than $ 1500 is an opportunity

Ethereum has witnessed a significant trend since the beginning of the year, causing Altcoin to lower than $ 1500.

Although this recent decline may seem about some, many investors view this as an opportunity. The low price is the temptation of new interior and optimism for potential recovery.

Investors Ethereum find an opportunity

Ethereum price The decrease led to less than $ 1500 to increase new addresses, reaching the highest level for two months. This rise in new investors suggests the increasing confidence in the future of ETAREUM, especially in these low price levels. The last price decreased ethereum has made it easier, which may encourage the new investment.

The increase in new headlines also indicates that investors put themselves in a possible recovery. As prices are currently decreased from the earlier of the year, some see this as the opportunity to buy.

The percentage of MVRV, which measures the market value in relation to the achieved value, is currently present in the “opportunities area”, which ranges from -8 % to -21 %. This range indicates that Ethereum is less than its value, as prices have decreased to levels where investors usually intervene. Historically, these conditions led to repercussions in price trends.

This is the low MVRV ratio enhances The belief that ethereum He is in the initial accumulation stage. When the MVRV ratio is in this region, it indicates that investors who buy during this period are likely to see positive returns in the future.

ETH price aims to recover

Ethereum price It has decreased by about 19 % over the past 48 hours, reaching a minimum annual level of $ 1,375. As of writing this report, Altcoin is traded at $ 1,467. He lost the decisive support of $ 1533, which led him to less than $ 1500. Despite the losses, Ethereum is likely to recover, given its flexible historical performance and renewed the investor’s interest.

If Ethereum is able to restore the support level of $ 1533, this may pave the way for a recovery about $ 1745. A break above $ 1745 will confirm the reflection, with the end of the declining direction for 4 months.

However, if the declining direction continues, It can ethereum Future fell, testing support levels is less than $ 1,429. If you penetrate 1,375 dollars, the decline thesis will be correct, and altcoin can suffer from a long period of decline.