CryptoQuant, a well-established blockchain analytics firm renowned for its in-depth market analysis for institutional investors, has made a striking prediction about Ethereum (ETH). They suggest that ETH could surpass the $5,000 threshold, based on their unique price band analysis.
The South Korean company introduces the term “realized price upper band” as a critical technical indicator. This band is derived from the realized price of ETH, which indicates the average price at which all Ether tokens were last moved on the blockchain – essentially the average cost basis of all ETH holders. Around this realized price, CryptoQuant draws bands that reflect historical trading patterns and potential price movements.
At the moment, the upper band of this analysis is at $5,200, a level reminiscent of the peaks of the 2021 bull market. The current trading price of ETH is $3,920, with a realized price of $2,300 and a lower band at $1,100. According to CryptoQuant’s interpretation, combined with current market dynamics, this could indicate a potential for a significant price increase.
Ethereum has told a story of volatility and resilience this year. The annual chart shows that ETH has undergone multiple price fluctuations, with a notable rise at the end of November, when it broke through the $3,500 mark.
The coin has maintained an upward trend this year, despite some sharp drops, especially in the fourth quarter of 2024. This recovery from the summer lows, where ETH was traded below $2,500, demonstrates the resilience of the cryptocurrency.
Today, December 13, we see Ethereum’s price moving around $3,920 with typical intraday volatility. After peaking at $3,965 in afternoon trading, the price stabilized between $3,910 and $3,925. This consolidation comes after a broader upward trend that began in the early morning, with support at $3,870.
Dogecoin
Shiba Inu
Pepe
dogwifhat
Bonk
FLOKI
Bitcoin
Ethereum
Tether
Solana
XRP
Cardano
