Ethereum has climbed 16% over the past month and is showing a technical setup that has historically preceded strong price recoveries, according to crypto analyst Ali Martinez. The MVRV ratio is nearing a bullish crossover above its 160-day simple moving average. Meanwhile, large investors continue accumulating: an anonymous whale purchased 27,000 ETH worth $52.03 million through Galaxy Digital’s OTC desk, while BitMEX co-founder Arthur Hayes acquired another 644.34 ETH. Prediction markets forecast ETH could climb as high as $3,210 this year.
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