Crypto analyst Ali Martinez predicts that Ethereum (ETH) could surpass $7,000 in the current bull market. Martinez refers to the historical pattern of Ethereum trading above the 3.2 times market value to realized value ratio (MVRV) pricing band in bull markets. The analyst points out that Ethereum has previously reached this level, trading at highs of over $1,000 in 2017 and around $4,900 in 2021. Martinez suggests that Ethereum's 3.2 MVRV pricing band is currently around $7,000, indicating the potential for the asset to more than double in price from its current level of approximately $3,400 per coin. This is the second time in weeks that Martinez has made this prediction, with Bitwise also aligning with a $7,000 price target for Ethereum by 2025.



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