Ethereum has climbed by 16% over the past month and is now showing a technical setup that has historically been followed by strong price recoveries, according to crypto analyst Ali Martinez.<\/p>\n
He found that ETH\u2019s MVRV ratio is nearing a bullish crossover above its 160-day simple moving average (SMA).<\/p>\n
The MVRV Momentum measures<\/a> the relationship between aggregate holder profitability and its medium-term trend line. Martinez explained that when the daily MVRV ratio moves back above the 160-day SMA, it indicates a shift out of capitulation and the beginning of a fresh accumulation phase. Interestingly, this is the first time the setup has emerged in 2026.<\/p>\n Over the past three years, crossovers above this level have consistently marked the end of distribution periods and preceded major rebounds in ETH\u2019s price.<\/p>\n At the same time, large investors continue adding to their holdings. According to Lookonchain, an anonymous whale purchased<\/a> 27,000 ETH worth $52.03 million through Galaxy Digital\u2019s over-the-counter (OTC) desk after remaining inactive for three months.<\/p>\n Additionally, BSCN reported<\/a> that BitMEX co-founder Arthur Hayes acquired another 644.34 ETH worth roughly $1.25 million, increasing his total purchases over the past eight days to 3,270 ETH. This follows his earlier $2.53 million ETH buy and comes alongside several other multi-million-dollar Ethereum purchases and staking activity reported<\/a> earlier this week.<\/p>\n Prediction markets are also leaning bullish. In fact, Whale Insiders said<\/a> Kalshi traders are forecasting ETH could climb as high as $3,210 this year.<\/p>\n Separate data also showed<\/a> that investors withdrew around 1 million ETH, worth nearly $2 billion, from centralized exchanges over the past 30 days, which pushed exchange balances to their lowest level in a decade. Declining exchange reserves typically reduce selling pressure and support a bullish outlook.<\/p>\n On the institutional front, spot Ethereum ETFs have recorded consistent net inflows this month, raking in over $380 million during this period.<\/p>\n Not all analysts share the same near-term outlook. Crypto analyst Nonzee, for one, argued<\/a> that the crypto asset could still see one more rally before a deeper correction. He expects it to test $2,000, with a possible move to $2,200 if Bitcoin climbs to $70,000.\u00a0However, he believes those levels would mark a bull trap rather than the start of a meaningful breakout.<\/p>\n According to the roadmap, Ethereum could spend seven to ten days in a distribution phase before falling into a final bottom zone between $1,300 and $900, which he considers the ideal accumulation range. Despite his bearish short-term outlook, Nonzee maintained a long-term price target of $7,000 for ETH.<\/p>\n The post Ethereum\u2019s Next Leg Higher? Historic Indicator and Whale Activity Align<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Ethereum has climbed by 16% over the past month and is now showing a technical setup that has historically been followed by strong price recoveries, according to crypto analyst Ali Martinez. He found that ETH\u2019s MVRV ratio is nearing a bullish crossover above its 160-day simple moving average (SMA). Recovery Hints The MVRV Momentum measures […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-203057","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/203057"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=203057"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/203057\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=203057"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=203057"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=203057"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Alternative Outlook<\/h2>\n