Ethereum (ETH) Outlook: $2,500 Break Could Trigger Major Rally — Expert’s Price Scenarios

Ethereum is currently trading below critical levels identified by analyst Ali Martinez. Martinez suggests that a sustained macro bull run for Ethereum will be triggered by reclaiming a realized price near $2,500. This level signifies when average holders return to profitability, ending the market's cooling period. Technically, Ethereum might be forming an ascending triangle, with $1,800 acting as a key support level. This figure aligns with the 0.80 MVRV band, historically marking cycle bottoms. The MVRV indicator compares an asset's market price to the average purchase price of its holders. However, a more bearish scenario of a parallel channel suggests potential deeper corrections within defined limits. Martinez uses URPD, or UTXO Realized Price Distribution, as a "market memory" tool to identify support levels. Significant buy walls are noted around $1,584, $1,238, and $1,089 according to the URPD. Reclaiming $2,500 is seen as the engine for the next major upward move. Above this, Martinez targets $4,900 in the near-term and potentially $5,900, a new all-time high, aligning with the 2.40 MVRV band.