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Recently, the crypto assets market has once again attracted the attention of investors. Analysts have pointed out that Ethereum (ETH) may be facing a critical price breakthrough point.
According to on-chain analysts, the current key resistance level for Ethereum is around $4,300. This view is based on the extreme deviation pricing range of MVRV (Market Value to Realized Value ratio). If Ethereum can break through this level, it may trigger a wave of accelerated upward movement, with a potential target price that could even reach $5,241.
The factors driving the increase in Ethereum's price mainly include:
1. Continuous growth of on-chain activities, especially in the areas of Layer 2 scaling solutions, decentralized finance (DeFi), and non-fungible tokens (NFTs).
2. The capital inflow of institutional investors, including the launch of ETFs and the continuous buying brought by staking rewards.
3. From a technical analysis perspective, the long-term trend of Ethereum remains upward, and the important support levels have not been broken.
However, investors should note that the volatility of the Crypto Assets market remains high. While analysts predict a possible breakthrough of 5,241 USD, the actual price trends are still influenced by various factors, including but not limited to trader sentiment, overall market conditions, and regulatory policies.
For investors looking to participate in trading, closely following the performance of the key price level of $4,300 will be an important observation point. If Ethereum can stabilize above this level, it may create conditions for further increases.
In any case, before making any investment decisions, investors should conduct thorough research and be aware of the high-risk characteristics of the Crypto Assets market.