Quick ETH data update: 1. Based on the MVRV extreme deviation pricing range (see Chart 1), ETH's nearest resistance is at $4,750—the orange line. In April, June, and December 2024, ETH hit resistance at this range multiple times. From a "crypto voodoo" perspective, after the first breakout, the second or third attempt usually fails. This time is no different: ETH already broke through twice in August, but the third time it got rejected. Pretty wild...
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