CryptoQuant: Average Ether Resale Price Soars, May Top $5,000

On 12 December, CryptoQuant analysts said that based on valuation metrics, Ether could break $5,000 if the current supply and demand dynamics continue, TheBlock reported.

CryptoQuant analysts highlighted Ether's realised price band as a key metric in their assessment. The realised price represents the average price at which Ether changes hands. The current realized price band is capped at $5,200. As new buyers purchase Ether at higher prices, the upper limit of this price band will continue to rise, signalling further upside potential in the current market cycle.