Ethereum Price Hovers Around $1550 as Bitcoin's Activity Continues to Increase

Ethereum (ETH) has dipped to $1500, while Bitcoin (BTC) is reporting increased transactional activity. The recent MVRV (market value to realized value) ratio stands at 1367, indicating that ETH prices are within a potential range. Currently, ETH is seen to resist settling below $1550, while also showing resistance near the $1620 mark. According to data from Glassnode, the overall activity of ETH has been stable, even as it faces downward pressures, emphasizing the resilience of the asset despite recent volatility.