Could Ethereum Hit $5,000? On-Chain Data Fuel Bullish Case

TLDR: Ethereum MVRV golden cross on August 19 preceded a 34% surge from $1,905 to $2,547 high. Whale wallets holding 10,000+ ETH rose 1.74%, with 17 new whale addresses joining in a week. Over 180,764 ETH ($440M) left exchanges in a week, signaling reduced near-term selling pressure. Clearing 2,722–2,970 resistance could open the path toward [...]

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