Ethereum’s price has experienced a notable surge, with analysts predicting potential targets of $5,210 and $6,946. These forecasts are based on Glassnode’s MVRV Pricing Bands which analyze market value against realized value to identify overvaluation or undervaluation. The metric boasts a 75% accuracy rate in identifying such situations, according to Glassnode’s 2023 analysis. This prediction comes amidst a 20% price jump since early August, driven by institutional investment activity. Whale accumulation of $4.16 billion worth of ETH adds further fuel to this upward trend. The surge coincides with Ethereum’s post-Merge energy efficiency boost of 99.95%, which has enhanced its appeal for environmentally conscious investors and potentially supports long-term value growth. Ethereum’s MVRV Pricing Bands chart from May 2022 to May 2025 demonstrates the asset’s resilience in the face of market volatility, but the journey toward $6,946 may encounter obstacles as some analysts like @LalMuhammad51809 suggest the asset has already reached its peak.