Ethereum’s price must break and hold the $2,500 level to potentially confirm the start of a new bull market cycle, according to analysts. The cryptocurrency saw a 5% gain amid broader market movements, but experts point to the “realized price” of $2,500 as a crucial barrier. While the $1,800 zone offers support, failure to hold key patterns could see prices test lower levels near $1,550.
Analyst Ali Martinez stated that Ethereum’s next major rally may only begin once it reclaims its realized price around $2,500, which he describes as the crucial “start engine” level. Ethereum recently climbed 5% amid volatile market conditions influenced by geopolitical news.
Martinez explained that accumulation is likely occurring below this range, particularly if the $1,800 level continues to act as strong support. This level aligns with a key market value to realized value (MVRV) band near $1,880, indicating significant market stress.
However, a deeper correction cannot be ruled out if the price structure shifts. This could bring price targets of $1,550 and $1,070 into focus, supported by clusters of historic buying activity at those levels.
A clean break above the $2,500 threshold would confirm a structural change, potentially opening a path toward higher valuations. Martinez predicted $4,900 as a next major target, with further upside possible.
Another market expert, pseudonymously known as “Trader Tardigrade,” echoed a similar narrative playing out. They observed that Ethereum’s current monthly chart structure resembles a past setup that preceded a major rally.
In the previous cycle, Ethereum held above a key support level before breaking out sharply. The expert compared this to the prior move from under $100 to over $4,000.
