The Ethereum Realized Cap has reached a new all-time high of $243.45 billion, indicating a potential bullish trend for ETH's price. The increase in Realized Cap suggests that coins are being spent at lower prices, leading to a repricing of ETH higher. This milestone aligns with historical patterns that precede significant price surges. The MVRV Long/Short Difference also indicates a bullish trend, with long-term holders having more unrealized profits. If this movement continues, Ethereum's value could be higher in the short term, potentially reaching $4,200 or even $4,500. However, a drop in Realized Cap could change the trend and result in a price slip below $3,500.



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