MVRV, or Market Value to Realized Value, compares an asset\u2019s market price with the average price paid for the asset by holders; Martinez describes the 0.80 band as an \u201cAverage Receipt\u201d indicator that has historically marked cycle bottoms.\u00a0<\/p>\n
When the band is reached, he said, Ethereum and the broader cryptocurrency market is often in a state of \u201cextreme pain,\u201d a phase in which selling tends to exhaust itself and long-term holders step in.<\/p>\n
Beyond the ascending triangle scenario, Martinez acknowledged a more bearish alternative. If Ethereum\u2019s price is actually confined within a parallel channel rather than an ascending triangle, he warned that a deeper reset is possible.\u00a0<\/p>\n
In that case, he is watching the channel\u2019s outer limits at approximately $1,550 and $1,070. To support these observations, he pointed to the URPD \u2014 the UTXO Realized Price Distribution, a tool that maps the prices at which existing ETH last moved.\u00a0<\/p>\n
Martinez calls this distribution \u201cthe market\u2019s memory,\u201d because it identifies levels where large clusters of coins were acquired and where defending buy pressure is likely to appear.<\/p>\n
$4,900 Near\u2011Term And $5,900 Longer\u2011Term\u00a0<\/h2>\n
According to Martinez\u2019s URPD read, the most significant buy walls below the 0.80 MVRV band are at roughly $1,584, $1,238, and $1,089. These price clusters, if tested, could generate meaningful support as holders who bought at those levels attempt to defend their positions.\u00a0<\/p>\n
Martinez believes accumulation is likely to occur in the \u201clow\u2011thousands\u201d; however, he asserted that the \u201cstart engine\u201d for the next major upward leg is Ethereum reclaiming its realized price at $2,500.\u00a0<\/p>\n
If Ethereum can break and sustain above $2,500, Martinez says the technical and on\u2011chain signals would point toward a \u201ctarget\u2011rich environment.\u201d\u00a0<\/p>\n
His analysis places a near-term upside toward $4,900\u2014 a level he ties to the structure of the ascending triangle \u2014 and ultimately toward the 2.40 MVRV band, near $5,900, which would represent a new all-time high for the Ethereum price.\u00a0<\/p>\n
Reaching those zones, in the expert\u2019s view, would confirm that average holders are back in profit and that the market has shifted decisively from accumulation to a broader speculative phase.<\/p>\n
<\/p>\n
Featured image from OpenArt, chart from TradingView.com <\/p>\n","protected":false},"excerpt":{"rendered":"
Ethereum (ETH) slid on Tuesday, trading just above $2,080 as the wider crypto market weakened \u2014 a level well shy of a critical threshold identified by expert Ali Martinez as the trigger for a sustained macro bull run.\u00a0 In a breakdown shared on social media platform X, Martinez argued that reclaiming a realized price near…<\/p>\n","protected":false},"author":1,"featured_media":11079,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[143],"tags":[36,43,64,145,4558,66,88,90,1363,91,2614],"class_list":["post-11078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-crypto","tag-crypto-news","tag-eth","tag-eth-price","tag-eth-price-news","tag-ethereum","tag-ethereum-news","tag-ethereum-price-analysis","tag-ethereum-price-chart","tag-ethereum-price-forecast","tag-ethereum-price-news"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/11078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=11078"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/11078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/11079"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=11078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=11078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=11078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}