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Ethereum stuck below $2.5K – Why ETH price hangs on THESE triggers!

2min Read

For Ethereum to sustain its earlier bullishness, price need to confirm meeting two key conditions.

Ethereum
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  • Ethereum MVRV score was at 1.16, but as long as ETH doesn’t break above the trendline, any chances of significant gains might be negated.
  • Sharplink Gaming accumulated another 5,989 ETH worth $14.45 million through Galaxy Digital.

At press time, Ethereum [ETH]was trading below the $2500 price level, erasing its recent momentum that had seen it outperform Bitcoin [BTC] in Q2.

That said, ETH’s ability to remain bullish now hinges on two key conditions.

2 key triggers ETH must hit to stay bullish

At the time of writing, Ethereum’s MVRV ratio stood at 1.16, slightly above the neutral threshold, signaling that holders are in modest profit territory. 

While this suggests some bullish sentiment, ETH remains constrained by a long-term descending trendline in place since 2018.

First, for ETH to gain strong upward momentum, it must break decisively above this resistance line. A breakout could restore market confidence and trigger a sustained rally.

However, if the MVRV stays below the trendline, ETH may continue to move sideways or face renewed selling pressure. 

As long as the price-to-realized-value remains capped by this ceiling, expectations of a full recovery or major rally would remain premature.

ETH

Source: Burak Kesmeci/X

Next, Ethereum’s price has been unable to break past the key resistance at $2,575. Without a strong daily close above this level, ETH is likely to remain range-bound.

If bulls succeed in pushing the price above $2,575, Ethereum could rally toward $2,850, a level that previously triggered a rejection. 

However, failure to maintain momentum above $2,575 may reignite bearish pressure, potentially driving ETH down toward the $1,750 support zone, which served as a critical base in March.

Source: Burak Kesmeci/X

The visible range volume profile shows strong historical interest between $2,100 and $2,300, making this a key zone for determining Ethereum’s next move.

Meanwhile, the Relative Strength Index (RSI) sat at 46.85, as of writing, reflecting neutral momentum with no signs of overbought conditions.

In conclusion, a confirmed breakout above $2,575 could reignite Ethereum’s bullish trend. 

On the other hand, failure to clear this level may trigger a fresh downtrend or increased price volatility.

What now, as Sharplink Gaming continues to accumulate

Meanwhile, Sharplink Gaming obtained 5,989 ETH valued at $14.45 million, and the transaction trail affirmed that the flow was through Galaxy Digital.

ethereum eth

Source: The Data Nerd/X

The move bolstered institutional confidence in Ethereum, signaling that the firm was strategically positioning itself for future market growth. 

Exchange activity also highlighted growing involvement in key crypto infrastructure.

As ETH trading momentum began to recover, this behavior reflected a longer-term accumulation strategy aimed at securing a stronger market foothold.

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Lennox Gitonga is a Financial Market and On-Chain Analyst at AMBCrypto, bringing the rigor of traditional financial analysis to the digital asset space. With a Bachelor of Commerce in Finance, he possesses a strong academic foundation in market principles and investment analysis. His expertise is sharpened by hands-on experience as a professional equities trader and financial analyst, where he honed his skills in analyzing complex market structures. Since transitioning his focus to cryptocurrency in 2019, Lennox has applied this disciplined approach to the blockchain sector. He specializes in providing in-depth analysis on both a technical and on-chain level, interpreting everything from price action and chart patterns to network health and transactional data. At AMBCrypto, Lennox is dedicated to translating this multifaceted data into clear, actionable insights. His work empowers readers by making sophisticated market analysis accessible, helping them understand the key drivers behind cryptocurrency valuations and trends.
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