Ethereum MVRV price bands show a key resistance of around USD 3100 – details

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Ethereum trads much above USD 2,200 after a rapid boost in purchasing pressure over the past few days, which means a forceful change in the momentum on a wider market. After months of agitated action and bears, the bulls clearly return to control. ETH regained several key levels with conviction, signaling a potential continuation towards higher goals.

The price action now looks structurally stubborn, and Ethereum moves through the retaining zones, which were previously constrained for weeks. This rally again inspired the investor’s trust and drew attention to the medium -term perspectives of Ethereum, especially since Altcoins are starting to show strength with the recent Bitcoin consolidation.

According to fresh data from Glassnode, the next main area of ​​resistance to viewing is USD 3100, where Ethereum will probably encounter more sales pressure. This level, originating from the price bands, currently defines the current range of Ethereum trade and probably dictates the direction of prices at upcoming sessions. With the return of variability and the improvement of Ethereum moods, it seems to be prepared for Critical breakthrough or decisive support, depending on how the bulls cope with the next leg.

Ethereum is approaching the key resistance as the season’s expectations boost

Ethereum has increased by over 98% since the minimum of April 9, which means one of its most powerful recovery in recent years. This explosive movement not only reversed the sentiment from Bearish to stubborn, but also revived speculation around the wider season – the period in which Altcoins significantly exceed bitcoins.

After months of high sales pressure, which began at the end of December, Ethereum shows lasting strength for the first time. The price has recovered critical levels, and the shoot still builds when traders and investors turn capital back in ETH and other Altcoins with high capitalization. Market participants are carefully observing whether Ethereum can maintain this pace and confirm the long -term reversal of trends.

The best analyst of Ali Martinez made available MVRV Ethereum Extreme deviation valuation teamsoffering clear technical framework for what will happen next. According to the data, the next key resistance level is USD 1,300, which can act as a short-term ceiling, if the purchase pressure disappears. On the other hand, the main support zone is USD 2233, which is a critical level when withdrawal.

Ethereum MVRV EXTREEME DIFFICULTIVE PRICE TASMS Source: Ali Martinez on X
Ethereum MVRV EXTREME DIFFICULTIVE PRICE Source: Ali Martinez on x

Because Ethereum is still climbing, these levels are becoming more and more significant. Pure breakthrough above USD 3100 can open the door to a wider rally in Altcoins, while rejection or correction would probably test the real belief of the market. For now, ETH remains in a stubborn structure, supported by a growing volume, signals for a chain and renewed investors’ enthusiasm. The upcoming days will be of key importance for determining whether Ethereum leads a charge to a full season.

ETH Price: Testing of immunity after a huge rally

Ethereum (ETH) currently trads around USD 2,604, consolidating after a pointed rape, which raised it from less than USD 1,400 to USD 2725 in just two weeks. The daily shows that ETH is approaching the 200-day straight movable average (SMA) after USD 2,702.60, which acts as a key level of resistance. This zone also coincides with the latest local maxims from the beginning of February, which makes it a critical area of ​​breaking for further continuation.

Testing ETH Critical delivery levels Source: Ethusdt Chart on TradingView
Testing ETH Critical delivery levels Source: Ethusdt chart on TradingView

The last rally was brought by a forceful volume and stubborn shoot, and ETH closed many daily candles above the 200-day interpretation average (EMA) to USD 2,435.66. This is a positive sign of reversing trends after months of enduring bear pressure. However, today’s withdrawal of signals that bulls lose some pair when the price is testing this key resistance.

If ETH can consolidate above the range from USD 2,500-2600 and break the 200-day SMA with a convincing volume, the next growth goal is near USD 3100, as noted in recent technical studies. On the other hand, maintaining support above 2,435–2450 USD is necessary to avoid deeper correction. The coming days will reveal whether Ethereum can transform this consolidation into a real breakthrough, or whether further cooling before the next leg is necessary.

Recommended photo from Dall-E, Tradingview chart

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