$ETH

Ethereum has soared 5.70% in three days recently, and the price has directly reached $2444. However, the indicators on the chain are like warning lights, flashing the signal of "may fall", and investors should be careful not to be trapped.

As soon as Bitcoin took the lead, the entire cryptocurrency market rebounded like chicken blood, and Ethereum also rose by nearly 6%. But where is the market going? No one can say for sure. Especially the demand zone of $2252 to $2440 is like a curse, which makes people feel uneasy.

Investors now have to keep an eye on several key signals.

Once Iran and Israel have conflicts, the price of Ethereum may fluctuate.

The MVRV ratio has been -14% in the past year, which means that everyone has not "surrendered" yet, and the price may fall again.

The trading volume of those "whales" has dropped, and institutions are now unwilling to buy ETH. The number of Ethereum in the exchange is still increasing, which is not a good sign. Also, new money is not flowing in, which means that investors are not very interested in the current price range.

Therefore, investors must always be vigilant and keep an eye on these market signals. The cryptocurrency market is like the Wild West, with fluctuations that make people panic. But as long as you keep an eye on these indicators and make wise decisions, it is still possible to find treasures in this wilderness.

In short, you have to pay attention to geopolitical issues, especially the conflict between Iran and Israel; you have to look at the MVRV ratio to feel the pulse of the market; you have to keep an eye on the transactions of "whales" and the inventory of exchanges; finally, don't forget to pay attention to whether new money is flowing in, which is a vane of price changes.