Fidelity Backs Ethereum: Wall Street’s Biggest Players Bet On Crypto’s Number 2 | Headlines | News | CoinMarketCap
07/25/2023 09:15
Fidelity, a leading financial services provider, has recently released a report on Ethereum (ETH) that sheds light on some key metrics to watch for …
Fidelity, a leading financial services provider, has recently released a report on Ethereum (ETH) that sheds light on some key metrics to watch for the cryptocurrency in the coming months.
The report highlights several important indicators, including the 50-day and 200-day moving averages (MA), the realized price, the Net Unrealized Profit/Loss (NUPL) ratio, Market Value to Realized Value (MVRV) Z-Score, percent in profit, and the Pi Cycle indicators, all of which can provide valuable insights into market sentiment and potential price movements.
Ethereum Holds Strong Above Key Support Levels
Per the report, Ethereum has remained above key support levels, with the realized price serving as a strong support level since January 10th.
Additionally, the NUPL ratio suggests that …