When it comes to timing the market, crypto enthusiasts and investors are always on the lookout for key signals to make smart buys.
According to top crypto analyst, Ali (@ali_charts), there’s a clear price point for Ethereum ($ETH) that historically delivers strong returns for those who time their purchases correctly.
Ali highlights that ETH has historically been a strong performer when bought below a certain level on the “MVVR Pricing Bands.” These pricing bands track the relationship between Ethereum’s market price and its realized price, giving investors insight into whether an asset is undervalued or overvalued.
According to the information from his tweet, the lower MVVR Pricing Band sits at $1,367, a level at which buying Ethereum has historically delivered notable returns. If you’re considering entering the market or adding to your Ethereum holdings, watching for price dips below this level might be a strategic move.
As with any investment, it’s essential to do your own research and understand the market conditions. But, with a level like $1,367 in play, Ethereum investors have a clear target to potentially maximize profits while minimizing risk.
Editorial Team
Reporter at Coindoo
Source: https://coindoo.com/top-analyst-reveals-ideal-ethereum-buy-price/