The price of Ethereum has risen 16% over the past month and is now showing a technical setup that has historically been followed by a strong price rebound, according to cryptocurrency analyst Ali Martinez.
It found that ETH’s MVRV is approaching a bullish crossover above the 160-day simple moving average (SMA).
Recovery tips
MVRV Momentum Sizes The relationship between the overall holder profitability and the medium-term trend line. When the daily MVRV ratio moves back above the 160-day SMA, it signals a shift from capitulation and the beginning of a new accumulation phase, Martinez explained. Interestingly, this is the first time this setup has appeared in 2026.
Over the past three years, crossovers above this level have consistently marked the end of distribution periods and preceded significant spikes in the price of ETH.
Meanwhile, major investors continue to add to their holdings. According to Lookonchain, it is an unidentified whale Purchased 27,000 Ethereum worth $52.03 million through Galaxy Digital’s over-the-counter (OTC) desk after being inactive for three months.
In addition, BCN I mentioned BitMEX co-founder Arthur Hayes acquired another 644.34 ETH worth around $1.25 million, increasing his total purchases over the past eight days to 3,270 ETH. This follows his previous purchase of ETH worth $2.53 million and comes alongside several other multi-million dollar Ethereum purchases and staking activities. I mentioned Earlier this week.
Prediction markets also tend to be bullish. In fact, Pisces are insiders He said Kalshi traders expect the value of ETH to rise to $3,210 this year.
Separate data also Show Investors have withdrawn about 1 million Ethereum, worth roughly $2 billion, from centralized exchanges over the past 30 days, pushing exchange balances to their lowest level in a decade. Lower exchange reserves usually reduce selling pressures and support bullish expectations.
On the institutional front, Ethereum ETFs recorded consistent net inflows this month, raising more than $380 million during the period.
Alternative forecasts
Not all analysts share the same near-term outlook. Cryptocurrency analyst Nunzhi, for example, Argue The crypto asset could still see another rise before a deeper correction. It is expected to test the price of $2,000, with a possible move to $2,200 if Bitcoin rises to $70,000. However, he believes that these levels will constitute a bullish trap rather than the beginning of a real breakout.
According to the roadmap, Ethereum could spend seven to ten days in the distribution phase before falling to the final bottom zone between $1,300 and $900, which is considered the ideal accumulation range. Despite his bearish short-term outlook, Nonzee maintained his long-term price target for Ethereum at $7,000.
this post Will Ethereum’s next phase be higher? Historical indicator alignment and whale activity appeared first on CryptoPotato.
