📊 #ETH’s last line of defense is being tested. Three key on-chain metrics, MVRV Z-Score, Market Cap Growth Rate, and Delta Growth Rate, are all at critical support levels. If these supports break, it would indicate speculative capital leaving the market, raising the likelihood of $ETH trading below $2,000 amid increasing supply and weakening demand into 2025. The on-chain structure remains fragile, necessitating close monitoring. #crypto
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📊 #ETH’s last line of defense is being tested. Three key on-chain metrics, MVRV Z-Score, Market Cap Growth Rate, and Delta Growth Rate, are all at critical support levels. If these supports break, it would indicate speculative capital leaving the market, raising the likelihood of $ETH trading below $2,000 amid increasing supply and weakening demand into 2025. The on-chain structure remains fragile, necessitating close monitoring. #crypto