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Crypto analyst Ali Martinez discussed the current evolution of Ethereum prices, because the second largest crypto by market capitalization remains less than $ 4,000. The analyst presented certain facts to give a clearer idea of the question of whether it is the right time or not to abandon the ETH.
An analyst wonders if it is time to abandon Ethereum
In a Message xAli Martinez explained certain facts to determine if it is time to abandon Ethereum. First, the analyst noted that the ETH has been one of the least efficient lately, an evolution that seems to have encouraged Vitalik Buterin Move things by changing the management team of the Ethereum Foundation.
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Martinez then referred to historical data showing that Ethereum behaves well in the first quarter of each year. The analyst had previously suggested that this year would probably not be different. At the time, he noted that the ETH had recorded its best performances in the first quarter, especially the odd years, and that 2025 was part of it.
Given the positive performance of Ethereum in the first quarter, Martinez pointed out that this could explain why cryptocurrency have accumulated more than a billion dollars of ETH in last week alone. He previously revealed that these whales had bought more than 330,000 ETH, valued at more than a billion dollars.
In addition, the Crypto analyst noted that the purchase pressure is also obvious in the exchange outletsWith nearly $ 2 billion from Ethereum withdrawn from cryptography platforms in last month. More specifically, 540,000 ETH, worth 1.84 billion dollars, were removed from the scholarships in the last month. This tendency to accumulation is positive because it indicates that investors are always optimistic about ETH.
However, for Ethereum to breaks up, Martinez said that he must overcome several key resistance levels. From the chain’s point of view, the Crypto analyst underlined the $ 3,3660 zone at $ 3,450 as large supply wall. This range is the most critical level of resistance for ETH, while the key support area is between $ 3,066 and $ 3,160.
From the point of view of technical analysis
Martinez has also provided an overview of the evolution of Ethereum prices from the point of view of technical analysis. He said that the ETH seems to form the right shoulder of a head and shouldersWith a low -$ 4,000 cleavage. He added that a decisive break above this level could feed a rally around $ 7,000.
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Analyst Crypto also revealed that this upward objective corresponds to Ethereum 3.2. Market value with value achieved (MVRV) Pricing band, which currently oscillates around $ 7,000. In the midst of these upward perspectives, Martinez said that a worrying sign is the growth of the Ethereum network, which has slowed down. The number of new ETH addresses would have decreased by 9.32 %, which indicates reduced adoption.
Despite this, Martinez believes that Ethereum’s prospects remain optimistic. He asked market players to keep an eye on the support area from $ 2,700 to 3,000. According to him, this request zone must continue to maintain the upward perspectives of the ETH.
At the time of writing this article, Ethereum is negotiated at around $ 3,200, down 4 % in the last 24 hours, according to data from CoinMarketCap.
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