- Ethereum trades at $4,297.01 with 18.21% gains in the past week, nearing key MVRV resistance zones.
- The 2.4x MVRV band at $5,210.97 has previously acted as strong resistance in bullish market phases.
- Breakout above $5,210 could set ETH toward $6,946, historically linked to late-stage bull market conditions.
Ethereum’s current market structure points to potential targets of $5,210 and $6,946, according to MVRV Pricing Bands analysis. The asset’s strong upward momentum places it near historically important resistance levels, supported by notable weekly gains and rising trading activity.
Ethereum MVRV Pricing Bands and Current Valuation
In a recent market update shared by analyst @Ali on social platform X, Ethereum’s next targets were identified at $5,210 and $6,946. The post referenced MVRV Pricing Bands, an on-chain valuation model tracking market value against realized value multiples.
Ethereum is priced at $4,297.01 with a 24-hour trading volume of $41.32 billion as of August 12, 2025. The instrument is 0.50 percent higher over the last 24 hours and 18.21 percent within the last week. The 2.4x MVRV band at the price mark of $5,210.97 is the first significant level of congestion above the current position, and this price point has frequently been used in the past bull-runs as a profit-taking target.
Resistance and Support Levels Identified by On-Chain Metrics
The second notable resistance is the 3.2x MVRV band, positioned at $6,946.60. Historically, this zone has aligned with late-stage bullish phases where valuations approach overextended conditions.
Below the current price, the nearest MVRV support level is the 1.8x band at $3,727.09, while the 1.0x multiple at $2,079.78 reflects Ethereum’s realized price — the average cost basis for all circulating coins.
Market Context and Price Momentum
The tweet also noted Ethereum’s breakout from lower valuation bands, suggesting a shift toward higher MVRV zones. This is an indication that the asset has entered a bullish market structure and can continue growing.
A continuation of on-chain transactions growth, continued capital inflows, and positive broader market trends would be needed to drive the advance toward $5,210 and $6,946. These resistanc
