The post Ethereum Approaches MVRV Zone Amid Whale Accumulation and Exchange Outflows, Suggesting Potential Turning Point appeared on BitcoinEthereumNews.com.

Ethereum approaches its MVRV buy zone as whale activity and exchange outflows serve as indicators of potential accumulation. Ethereum is currently nearing the $1,367 MVRV band, a pivotal level historically linked to bullish reversals. According to COINOTAG, “Major support zones are often seen as strategic entry points for institutional investors,” reflecting current market sentiment. Ethereum nears its MVRV buy zone, revealing whale interest and falling exchange reserves, hinting at potential bullish accumulation. Ethereum: Pressure builds for a breakout The broader price structure of Ethereum remains closely bound within a descending parallel channel that has persisted since late 2024. As of the latest assessment, ETH is trading at $1,623.10, marking a 1.19% decrease over the past 24 hours. This setup indicates potential volatility ahead. The immediate resistance is located at $1,679, while a critical breakout level is eyeing $2,117. However, Ethereum continues to struggle at the mid-range of this channel, suggesting that without a decisive bullish breakout, a visit to the lower band of support appears increasingly likely. Market observance reveals that the current relief bounce may be fleeting unless supported by significant buying volume. Source: TradingView Whales and reserves point to stealth accumulation In addition, exchange behavior significantly supports the thesis of stealth accumulation. Over the last week, exchange reserves have declined by 3.8%, resulting in a total of $30.93 billion—a move that aligns with increased investor confidence. This trend suggests a shift towards holding assets off centralized platforms, which historically indicates bullish intentions. Low exchange reserves tend to minimize potential selling pressure, creating an environment conducive to establishing a price floor. Furthermore, Ethereum whale activity indicates a notable shift; in the past 30 days, large holder outflows surged by 216.21% while inflows increased by 125.29%. Notably, outflows alone rose by 34.72% in the last week, indicating that whales are…

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Filed under: News - @ April 23, 2025 1:18 am