Citing Bijié Wǎng, Ethereum’s price remains around $3,000, with the MVRV ratio at 1.27, indicating a neutral market balance. The token has fallen 26% from its early Q4 levels and is underperforming other cryptocurrencies. Bitcoin also dropped below $30,000 for the first time since July. The upcoming Fusaka upgrade on December 3 is expected to improve network activity and transaction efficiency. Recent data shows increased staking and higher block gas limits, suggesting growing investor confidence ahead of the upgrade.
Ethereum Maintains $3,000 Level as MVRV Remains Neutral Ahead of Fusaka Upgrade
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