ETH must reclaim $2,500 for bullish reversal, says analyst

An analysis suggests that Ethereum (ETH) must reclaim the $2,500 level to trigger a genuine bullish reversal. According to CryptoPotato, analyst Ali Martinez said on X that the $2,500 mark, which represents the realized price for ETH holders, serves as a key pivot point for the next bull market. He noted that the $1,800 level formed in February is similar to the price at which ETH's MVRV (Market Value to Realized Value) ratio is 0.80, or around $1,880, indicating that many market participants are at a loss. Consequently, the $1,800 level could act as a strong support zone. Martinez concluded that if ETH breaks through and holds above $2,500, the upward trend could begin in earnest, with a subsequent price target of $4,900.