Ethereum is currently at the heart of the market’s attention, as Bitcoin can’t see a breakout that exceeds its record high. The momentum of BTC is slowing down, but Altcoins struggles to expand their strength, leaving Ethereum in a critical position. For transactions above $4,400, ETH is below 10% since reaching new record highs.
The Bulls are confident in continuing the uptrend. Analysts argue that accumulation trends and strong chain activity point to further profits. Exchange reserves continue to decline, but OTC desks show thin liquidity, suggesting that demand exceeds available supply. This combination preceded historically sharp upward movement.
However, as the market enters a new phase, so does the risk. As Bitcoin shows weakness near highs, Ethereum’s ability to separate and advance will broadly determine the direction of the altcoin. Some analysts see this as the start of the true alto season, while others have warned that failure to maintain momentum could trigger a correction.
Ethereum MVRV ratio indicates potential short-term pullbacks
According to top analysts’ on-chain mind, Ethereum’s MVRV ratio has moved to the +3σ to 4σ zone. This is the extent to which marked historically overheated conditions, leading to short-term pullbacks. This suggests that the pressure to earn profits is likely to emerge between $4,600 and $5,200, and will create a critical test of ETH in the coming days.
Despite these risks, Ethereum remains strong, below 10% of its all-time high, with many analysts still thinking that breakouts could be achieved. Some expect integration as short-term holders lock in profits, while others see it as a prelude to Ethereum, which pushes the current setup decisively beyond its previous highs.
The accumulation of institutions continues to accelerate, with large players treating ETH as both an investment and a strategic asset. Meanwhile, legal clarity across major jurisdictions reduces uncertainty and creates a more stable environment for long-term adoption. At the same time, exchange supply is steadily declining, informing owner-owner convictions and reducing potential sales pressure.
Ethereum breaks through resistance levels despite overheated MVRVs, which could lead to a strong continuing rally and lead the wider Altcoin market. But when you make a profit, pullbacks don’t weaken bullish tendencies, instead setting the stage for healthier continuance.
Technical details: important levels to keep
Ethereum has shown noticeable momentum on its weekly charts, trading at $4,447 after hitting its recent peak at $4,792 in 2021. Prices have skyrocketed above the 50, 100 and 200-week moving averages, with 50-week SMA ($2,771) crucially crossing the long-term average. This alignment confirms a strong bullish structure that precedes the historically expanded assembly.
Additionally, the volume has grown significantly during the rally, reflecting strong demand and convictions from buyers. A breakout from the $3,600-3,800 resistance zone is followed by a sharp upward momentum indicating that the Bull is in good control. But Ethereum is now approaching a historically significant resistance close to $4,800-$4,900, where sellers can try to cap the profits.
When ETH manages weekly closures above $4,800, it is more and more likely that a path to a fresh, top-high above $5,000. On the other hand, if you can’t hold above your current level, your 50-week SMA could cause a healthy fix to the $4,200-4,000 support zone that is currently serving as a cushion.
Dall-E special images, TradingView chart
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