# EthereumTurns10

ETH Pulls Back to $3,500 — But MVRV Hints at Bullish Continuation
With Ethereum staying around $3,900 for the previous two weeks, a break over $4,000 seems likely. The rapid negative pressure on ETH changed this almost-certain scenario.
Ethereum temporarily dropped below $3,500 on Friday, August 1. Despite this, recent on-chain signs show that the “king of altcoins” may yet rise beyond $4,000 and achieve a new all-time high.
Ethereum pricing may still be in the tank despite its weekend troubles. This assessment uses the MVRV ratio, which compares an asset's market and realized capitalization.

🤑 Top Trader’s Method on Hyperliquid
A top trader on Hyperliquid shared his strategic approach to trading:
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1️⃣ Apex Predator Behavior:
I analyze market movements for signs of intentional manipulation — asking *why* behind *what*. Is it fear? A liquidation hunt? Capital extraction?
2️⃣ Technical Structure:
Technical analysis is helpful — but easily overpowered by manipulation. Clean setups can be traps. I only trust TA when it aligns with deeper market motives.
3️⃣ Macro + Narrative:
Macro factors (rates, ETFs, liquidity) and dominant narratives attract capital. I make sure