Ethereum is seeking stability in the $2,150–2,160 range after recent fluctuations. While it seems that the price is trying to hold on to these levels, the uncertainty in the market continues. Although there is a limited recovery on a daily basis, it stands out that the short-term structure is being tested again. While it is noteworthy that buyers show more activity at low levels, the pressure continues at resistance points.
Critical Threshold and Rising Trend at $2.190 Resistance
From a technical perspective, Ethereum appears to be currently trending upwards, forming consecutive higher lows. The price is facing a strong resistance near the $2,190 level. A sustained daily close above this level could strengthen the hand of short-term buyers. It is reported that the resistance point in question has previously limited price increases and constituted a critical region.
According to the data shared by analyst Eliz, if this level is exceeded, a new upward path may be opened towards the 2,300-2,350 dollar band. On the other hand, if the rising trend line cannot be maintained, the possibility of Ethereum retreating between $ 2,050 and $ 2,000 may come to the fore.
Accumulation Signals in On-Chain Data
Although there is instability in price movements, on-chain indicators point to a more positive picture on the Ethereum side. According to the current data shared by analyst Rand, the activity in Ethereum transactions of major investors has started to increase again. It is known that such periods of accumulation formed the basis for strong price increases in previous cycles.
Historical data show that similar accumulation processes recorded increases of approximately 25 percent in the first few months. It is noted that large investors take positions at these levels. This divergence between price and on-chain activity reveals that despite the horizontal movement seen on the surface, there is an underlying force.
When looked at on a broader scale, it is emphasized that Ethereum remains on the long-term rising trend line. In particular, the recent reaction point around $1,800 proved that this ascending structure provided strong support.
As long as this support line is maintained on a macro scale, there is a possibility that the upward trend will continue for Ethereum in the long term. Such structures often indicate the accumulation phase and, when combined with on-chain mobility, maintain upside potential.
According to Ali Charts’ analysis, MVRV pricing bands also show that Ethereum’s current position is in a value range specific to accumulation periods. Among the critical levels, $1,655 stands out as the main long-term support and $2,356 stands out as the first important resistance point. The price is currently trading in the lower-middle range of these bands and is far from the overvaluation zone.
According to technical charts, Ethereum is calming down in the lower value zone in the $2,000–2,100 band. As Castillo Trading points out, this is often an area where buyers show interest. If this region can be protected, there is a possibility of moving towards average price levels and then towards upper resistances. However, if it falls below $1,850, the positive structure may weaken.
