Ethereum Approaches $3,700 Support: MVRV Bands Point to $4,500 Target

Ethereum’s price is currently consolidating near the $3,700 level, a crucial support zone that analysts expect to serve as a short-term bounce area. Crypto analyst Crypto Tony suggests that Ethereum could rebound from this region within days or weeks. However, if buying momentum weakens, prices might slide further towards $3,400-$3,300, indicating potential short-term decline before recovery.