CryptoQuant: Ethereum Average Transfer Price $ETH Soars, Could Surpass $5,000

According to TheBlock, on December 12, CryptoQuant analysts noted that based on valuation metrics, Ethereum could surpass $5,000 if current supply and demand trends continue.

CryptoQuant analysts point to Ethereum’s realized price band as a key metric in their assessment. The realized price represents Ethereum’s average transfer price. Currently, the upper limit of the realized price band is $5,200. This upper limit will continue to rise as new buyers acquire Ethereum at higher prices, suggesting further upside potential in the current market cycle.

Source: BlockBeats