Analysts Track Ethereum OBV Weakness as Long-Term Patterns Signal Breakdown Risk

Ethereum is trading near important pricing bands, indicating a neutral zone while the market waits for structure confirmation and renewed momentum signals.

Volume readings showed ongoing pressure on the OBV indicator, prompting traders to watch for accumulation signs that may shape Ethereum’s next structural phase.

Ethereum is retesting a multi-year base, echoing past patterns as market participants evaluate potential reactions at major support regions.

Ethereum markets entered a decisive phase as the asset approached a cluster of long-watched support areas while traders monitored whether current conditions could form a stable base or extend ongoing weakness.

Pricing Bands Signal Neutral Zone as Market Searches for Direction

Crypto analyst Ali noted that Ethereum’s price has often moved below the blue pricing band on the MVRV model during market lows. He explained that this band now sits near 2,000 dollars, a region that has previously marked undervalued conditions.

According to his chart, Ethereum trades near 2,767 dollars while sitting between the 1.0× and 2.4× realized price zones, which presents a neutral reading with room for movement.

The post described how Ethereum tended to drift toward the green and blue bands during long-term accumulation phases. These zones captured periods when market prices aligned with or dipped below the average cost basis of long-term holders.

During mid-2022 to early 2023, Ethereum briefly moved below the lower band, which represented deeper stress in the cycle.Ali also noted that the upper bands often acted as zones where enthusiasm faded

Peaks in 2021 and mid-2024 approached those levels yet failed to maintain strength. His recent outlook pointed to a market waiting for confirmation, not yet showing the type of momentum often seen during stronger phases.

Volume Trends and Wave Structure Keep Traders on Alert

Analyst EliZ observed that the current zone acts as a technical area without structural confirmation.He identified three regions that traders continue to monitor. One is a distant resistance band that would require a recovery in volume

The second is the present zone, which he described as an area where the market seeks stability. The third is a lower support region that could provide a better foundation if accumulation appears on the OBV.

EliZ added that Ethereum reached the 2,620–2,630 dollar area, which aligns with the lower trend channel. He continues to track the possibility of a wave-4 bounce toward 3,170–3,553 dollars. He stated that a clear reaction or five-wave move remains necessary for confirmation.

Long-Term Structure Key Support Levels Come Under Review

Merlijn The Trader, compared long-term charts of the 2016-2018, 2018-2021, and 2022-2025 cycles. It shows repeating patterns of rising support and horizontal resistance before extended drops.

He stated that Ethereum spent years pressing into a wide resistance region near 3,500–4,000 dollars. After failing to hold above the rising trendline, the market now sits in an area where previous cycles have weakened.

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