Ethereum at $3.3K – Does THIS historical pattern indicate a bullish breakout?

• Ethereum surpassed 3.2 MVRV Pricing Band and could break the resistance and reach its peak.
• BlackRock holds over 1.2M ETH, Fidelity’s FETH 432K ETH and Bitwise’s ETHW holds 105K ETH.

Per the Ethereum [ETH] MVRV Pricing Bands, each bullish cycle saw ETH surpass the 3.2 MVRV Pricing Band, indicating strong investor optimism and market momentum during these periods.

At press time, ETH’s price was at $3,330, which was significantly below the 3.2 MVRV band priced at $6,770.

This discrepancy suggested that while ETH was valued reasonably in terms of its historical realized price, it hasn’t reached the euphoric valuation peaks as in past bullish cycles.

The bands at lower MVRV ratios, like 0.8, 1.0, and 2.4, sit at $1,693.33, $2,116.66, and $5,080.00 respectively, serving as potential support levels during market retractions.

Source: Ali Charts/X

Considering this, ETH could see significant upside potential if it approaches and surpasses the 3.2 band in future bullish conditions.

This would not only reflect growing market confidence but also suggest a possible continuation of ETH’s uptrend in coming cycles.

ETH long-term view and its ETFs inflows

Additionally, ETH’s resistance indicated critical turning points where ETH either faced a pullback or a breakthrough. Breaking past this, then followed by a substantial uptrend, could suggest a bullish continuation.

Ethereum appeared to be approaching this level once again, which could trigger a rally towards $6770.

This move could be in line with historical cycles where Ethereum gathered significant momentum after crossing the MVRV threshold.

Source: TradingView

A successful break past the resistance could lead to a surge in buying activity.

This is supported by the fact that BlackRock now holds over 1.2M ETH through its Spot ETF, while Fidelity’s FETH holds 432K ETH and Bitwise’s ETHW holds 105K ETH. The inflows suggest rising institutional demand.

Analysts views on ‘altseason’

Finally, analysts are having different views on ETH, probably because of the delayed altseason.

Michael van de Poppe called it the “most hated rally” suggesting a surprising bullish run, one that market sentiment did not initially favor.

Also, Joao Wedson noted that altcoins have already dropped significantly, so it’s likely that many will recover and outperform Bitcoin.

This predicted rally could coincide with a growing interest in “real utility coins,” or cryptos that offer functional, real-world applications.

Read Ethereum’s [ETH] Price Prediction 2025–2026

As institutional interest in utility-focused tokens increases, their adoption could boost demand for Ethereum, given its key role in the blockchain ecosystem.

As ETH approaches the MVRV value again in 2025, sustaining institutional embracement could lead to a strong uptrend, defying initial market skepticism and solidifying its position in both market valuation and utility.