CryptoQuant: Average Ether Resale Price Soars, May Top $5,000
On 12 December, CryptoQuant analysts said that based on valuation metrics, Ether could break $5,000 if the current supply and demand dynamics continue, TheBlock reported.
CryptoQuant analysts highlighted Ether's realised price band as a key metric in their assessment. The realised price represents the average price at which Ether changes hands. The current realized price band is capped at $5,200. As new buyers purchase Ether at higher prices, the upper limit of this price band will continue to rise, signalling further upside potential in the current market cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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