Ethereum’s price is at a turning point as Market Value to Realized Value (MVRV) pricing bands suggest a crucial support zone near $1,440. According to crypto analyst Ali Martinez, Ethereum’s realized price currently stands at $2,060, making $1,440 a critical downside target should bearish momentum persist.
- MVRV data indicates weakening market strength
- Ethereum is testing its lower boundary deviation point
- Failure to stay above $2,060 could lead to extended losses
Adding to the uncertainty, some analysts are watching the upcoming Blood Moon Lunar Eclipse, which historically correlates with heightened crypto market volatility. While some expect a bullish reversal, others caution that panic selling could push Ethereum lower.
Whale Transfers Raise Selling Pressure Concerns
Large ETH transactions have added further bearish pressure to the market. In the last few hours, crypto trading firm Amber Group moved 20,000 ETH—worth approximately $37.34 million—to major exchanges, including Binance, OKX, and http://Gate.io .
- Large ETH deposits on exchanges often signal selling intent
- Increased exchange availability can lead to price drops
- Traders remain cautious as major players shift assets
Historically, whale activity influences market sentiment, as institutional investors moving funds to exchanges can indicate impending sell-offs. If selling pressure intensifies, Ethereum could break below $1,500, with analysts predicting a potential drop to $1,250 if key supports fail.
Ethereum’s Bullish Reversal Still in Play?
Despite the bearish indicators, Ethereum has formed a bullish diamond pattern, a technical signal that could point to an upcoming breakout. If buyers reclaim control, ETH could see a strong rebound, particularly if it breaks resistance levels in the coming sessions.
- Ethereum price recently bounced from $1,814.5 to $1,915.13
- This 6% gain signals renewed buying interest
- Trading volume remains lower, raising questions on sustainability
Technical analysis also noted that Ethereum is slipping out of a parallel channel, a pattern often linked to extended declines. However, if bulls defend key support zones, Ethereum could see an upside recovery toward $2,060.
With whale transactions, technical patterns, and macro trends in play, Ethereum’s next move could determine market sentiment for the broader altcoin sector.
