Investment
Features
FeesSafety
Academy
More
Pluang+

Ethereum's MVRV golden cross sparks 34% rally, eyeing $5,000 if key resistance breaks

Technical Signals
23 Aug 2026
Blockonomi
View Source
Bullish
pluang ai news

Ethereum's MVRV ratio formed a golden cross on August 19, triggering a 34% price surge from $1,905 to $2,547. Whale wallets holding over 10,000 ETH increased by 1.74%, with 17 new large holders joining, indicating strong buying interest. Additionally, over 180,000 ETH worth $440 million moved off exchanges, reducing selling pressure. Ethereum faces a critical resistance zone between $2,722 and $2,970; breaking this could open the path to a $5,363 target, making a $5,000 price feasible in the near term if momentum continues.

More News (ETH)

Ethereum surges 31% as short liquidations spike and network fees rebound sharply

Ethereum surges 31% as short liquidations spike and network fees rebound sharply

Ethereum's price jumped 31% in a week, driven mainly by a massive 1,514% increase in short liquidations averaging $131 million weekly. This forced short covering boosted trading volumes and pushed network activity higher, with base fees up 189% and f...

Market News
Bullish
4 hours ago
$8.5M stolen from Ethereum DeFi protocol via governance token attack

$8.5M stolen from Ethereum DeFi protocol via governance token attack

Term Finance, a DeFi lending protocol on Ethereum, lost about $8.5 million after a hacker exploited its DAO governance system by buying a majority of governance tokens at low cost. This allowed the attacker to approve malicious proposals and drain 2,...

Market News
Bearish
11 hours ago
Crypto analyst predicts Ethereum could reach $10,000 and Bitcoin $90,000 in coming months.

Crypto analyst predicts Ethereum could reach $10,000 and Bitcoin $90,000 in coming months.

A crypto analyst known as DonAlt shared bullish price targets for Ethereum and Bitcoin, suggesting Ethereum could hit $4,000 and potentially surge to $10,000 if strong resistance is overcome. Currently trading above $2,400, Ethereum faces a key resis...

Analyst Insights
Bullish
11 hours ago
XRP surges up to 67% weekly as US Treasury doubles bond buybacks, boosting market liquidity and crypto sentiment.

XRP surges up to 67% weekly as US Treasury doubles bond buybacks, boosting market liquidity and crypto sentiment.

XRP is experiencing its biggest weekly gain since late 2024, rising between 30% and 67% after the US Treasury announced it would double its long-term bond buyback program from $2 billion to $4 billion per operation starting September 9. This move has...

Market News
Bullish
12 hours ago
Shiba Inu joins Japan's elite list of 6 approved cryptocurrencies after 4-year licensing freeze ends.

Shiba Inu joins Japan's elite list of 6 approved cryptocurrencies after 4-year licensing freeze ends.

Shiba Inu (SHIB) has been officially approved as one of only six cryptocurrencies by Japan's Financial Services Agency, marking the end of a four-year freeze on new crypto licenses. This recognition places SHIB alongside major coins like Bitcoin and ...

Market News
Bullish
16 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App