Ethereum Price Targets: Potential Breakthroughs Based on MVRV Bands

Ethereum is currently trading at $4,297.01, showcasing a remarkable 18.21% gain in the past week. The price is approaching key resistance levels identified through MVRV Pricing Bands analysis. The 2.4x MVRV band ($5,210.97) has previously served as significant resistance during bullish market phases. A successful breakout above this level could propel Ethereum towards $6,946 – a historical marker for late-stage bull markets.