Ethereum MVRV Pricing Bands Show Key Resistance Around $3,100 Level – Details

Quick Summary:

According to fresh data from Glassnode, the next major resistance area to watch is at $3,100, where Ethereum is likely to encounter heavier sell pressure. This level, derived from pricing bands, now defines Ethereum’s current trading range and will likely dictate price direction in the coming sessions. With volatility returning and sentiment improving, Ethereum appears poised for a critical breakout or a decisive retest of support, depending on how bulls handle the next leg.

Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support If ETH can consolidate above the $2,500–$2,600 range and break through the 200-day SMA with convincing volume, the next upside target lies near the $3,100 level, as noted in recent technical studies.

Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst ETH Price Action: Testing Resistance After Massive Rally Ethereum (ETH) is currently trading around $2,604, consolidating after a sharp surge that lifted it from under $1,400 to a high of $2,725 in just two weeks.

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Article Details

Author / Journalist: Sebastian Villafuerte

Category: Crypto

Markets: United Kingdom

Topics: ETHUSDT Ethereum MVRV Ethereum Analysis Ethereum price ETH Ethereum news Ethereum Ethereum Ethereum MVRV Pricing Bands

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-14 @ 15:30:25 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: newsbtc.com

Language: English

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