{"id":60568,"date":"2025-11-26T19:16:48","date_gmt":"2025-11-26T19:16:48","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60568"},"modified":"2025-11-26T19:16:48","modified_gmt":"2025-11-26T19:16:48","slug":"ethereum-eth-setup-hints-at-10k-move-if-this-key-support-holds","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60568","title":{"rendered":"Ethereum (ETH) Setup Hints at $10K Move If This Key Support Holds"},"content":{"rendered":"
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Ethereum is trading around $2,900, with a 24-hour volume above $22 billion, based on data from CoinGecko. The asset has dropped about 6% over the past week but is slightly up over the last day.<\/p>\n

Market attention is now on whether it can hold its recent support and continue higher.<\/p>\n

Ethereum Holds $2,622 Support After Bounce<\/h2>\n

ETH recently bounced from the $2,600 level, which marks the 0.5 Fibonacci retracement from its previous major move, as per analyst Crypto Patel. That line now acts as a strong support and also overlaps with a filled fair value gap, giving it added technical weight. The price has since moved above $2,900, staying well above the support zone.<\/p>\n

\"Ethereum<\/a>
Source: Crypto Patel\/X<\/figcaption><\/figure>\n

Crypto Patel noted<\/a> that if this structure holds, there is room for Ethereum to target new highs. However, if the asset breaks below $2,620, he suggests the market could drop toward the $2,256\u2013$1,821 range before any larger rally begins. He wrote,<\/p>\n

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\u201cBig dips = Big accumulation discounts. Stay strategic, not emotional.\u201d<\/p>\n<\/blockquote>\n

Moreover, Ethereum faced rejection near the $2,950\u2013$3,000 zone, according to market analyst Ted. He stated<\/a>,<\/p>\n

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\u201cUntil Ethereum reclaims this level, the chances of a new low are high.\u201d<\/p>\n<\/blockquote>\n

This price area remains a key resistance level and has rejected multiple breakout attempts over the past month. Ted added that a clean break above $3,000, with strong volume, could open the door for a move toward $3,400. Some analysts are watching<\/a> this zone, as it played a key role in the previous cycle.<\/p>\n

Meanwhile, a drop to around $2,800 has brought<\/a> ETH back to an area seen by some as a potential entry zone. Analysts see a path toward $9,000\u2013$10,000 if the current structure stays intact.<\/p>\n

MVRV Z-Score Near Buy-Level Range<\/h2>\n

The MVRV Z-Score, which compares ETH\u2019s market value to its realized value, is currently at 0.29. In past cycles, values below zero have marked some of the best long-term entry points.<\/p>\n

Ali Martinez noted that since 2016, each time the MVRV Z-Score fell below zero, Ethereum entered an accumulation phase followed by a price recovery. This pattern appeared in late 2018, early 2020, mid-2022, and early 2023. Although the score hasn\u2019t dropped below zero yet, it is approaching a range where long-term buyers have previously entered the market.<\/p>\n

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Since 2016, the best times to accumulate Ethereum $ETH<\/a> have come when the MVRV Z-Score drops below 0.<\/p>\n

It\u2019s now at 0.29. pic.twitter.com\/HVyGxE8bQF<\/a><\/p>\n

\u2014 Ali (@ali_charts) November 26, 2025<\/a><\/p>\n<\/blockquote>\n