Analyst Flags Key Price Zones That Could Put Ethereum on a Run Toward $5,000

Ethereum posted one of its strongest weekly advances in years, rallying about 30%. ETH briefly climbed above $2,500 before easing back to just under that mark. Crypto analyst Ali Martinez said the next leg higher could open up if the token can clear a heavy resistance band. Martinez noted that on August 19 Ethereum's MVRV Ratio printed a "golden cross" above its 160-day moving average, a signal he views as consistent with rising demand. He also pointed to increasing whale accumulation: addresses holding more than 10,000 ETH rose 1.74%, with 17 new whale wallets added over the past week. Exchange balances have also been declining. More than 180,764 ETH, valued at roughly $440 million, was withdrawn from exchanges over the past week. Martinez said the outflow supports the argument that buying pressure is building. The immediate hurdle, he added, sits between $2,722 and $2,970. URPD data indicates about 16.70 million ETH were previously bought in that range, creating a sizable supply wall. A break above it would put the next major MVRV Pricing Band near $5,363 (the 2.4 level) on the radar. If the move is rejected, Martinez said ETH could first drift back toward the Realized Price around $2,235 before any renewed attempt to reach the 2.4 MVRV band. Separately, "The Long Investor" said Ethereum has again returned to its 200-week moving average, marking the 11th such occurrence in the past five years. The analyst cited a recurring historical pattern: when ETH falls below the 200 WMA, it later comes back to the average. On that basis, the analyst described any percentage move below the level as "free money" and argued investors "cannot lose." The same analyst also noted ETH's 50-week and 200-week moving averages are now aligned, forming a confluence zone. If ETH can turn that area into support, the expectation is for bulls to push back toward prior all-time highs, maintaining that ETH remains a buy. US spot Ethereum ETFs also drew fresh demand, logging their largest inflows since October 2025. Net inflows totaled $30.85 million on Monday and $71.47 million on Tuesday. Momentum accelerated after a Wednesday announcement from the US Treasury Department, which said it would double the maximum size of liquidity-support buybacks for longer-dated government debt from $2 billion to at least $4 billion per operation. ETF inflows reached $189.15 million on Wednesday, rose to $220.77 million on Thursday, and remained strong at $185 million on Friday. The post "$5,000 Ethereum? Analyst Identifies the Levels That Could Decide ETH's Next Move" appeared first on CryptoPotato.