TechFlow reported on December 12, according to The Block, that analysts at CryptoQuant said Ethereum could break through $5,000 based on valuation metrics if current supply and demand dynamics persist.
They emphasized that Ethereum's realized price band is a key indicator they assess. The realized price represents the average transfer price of Ethereum. Currently, the upper limit of the realized price band stands at $5,200. CryptoQuant analysts noted that as new buyers purchase Ethereum at higher prices, this upper bound will continue to rise, signaling further upside potential in the current market cycle.
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