Ethereum Hits Historical Buy Zone as Market Eyes Breakout

Ethereum (ETH) has entered a key historical "buy zone," according to crypto analyst Ali Martinez, who highlights that ETH is currently trading below the lower MVRV Price Band—a metric historically linked with strong buying opportunities. This suggests ETH may be undervalued, making it an attractive option for long-term investors.

At present, Ethereum is consolidating within a tight range of $1,550 to $1,630. The digital asset has established critical support at $1,500 and faces resistance near $1,700, reflecting growing investor caution amid broader global economic uncertainty. Within this range, a more defined support level is noted at $1,570, with resistance forming around $1,650. Recent trading activity confirms heightened market tension, with volume spiking to 490,365 during the latest selloff, a sign of active repositioning by traders.

The 48-hour price movement between $1,544 and $1,593—an overall fluctuation of 3.1%—underscores the current market instability. Fibonacci retracement levels suggest Ethereum may remain in a consolidation phase between $1,565 and $1,590 in the near term, awaiting a stronger catalyst to define its directional breakout.

As investors monitor macroeconomic indicators and crypto market sentiment, Ethereum’s current position below historical valuation benchmarks may represent a rare entry point. With analysts and traders closely watching for a decisive move, ETH’s next step could determine its medium-term momentum and broader market influence.