Ethereum Price Prediction: Ethereum Price Faces Key $2,335 Test

Ethereum is sitting near a key market cost basis at $2,335, where a clean reclaim could support a wider move toward the $5,600 MVRV band. However, a separate Wyckoff chart warns that ETH may first grab liquidity near $2,400–$2,450 before turning lower.

Ethereum Price Tests $2,335 Support as $5,600 Target Comes Into View

Ethereum is trying to reclaim its Realized Price near $2,335 as support, according to the MVRV pricing bands chart shared by Ali Charts.

The chart shows ETH trading close to the green Realized Price band after recovering from the lower blue band near $1,868. This area matters because Realized Price reflects the market’s average cost basis. When ETH trades above it and holds that level, buyers usually gain a stronger base for a wider move.

ETH MVRV Pricing Bands. Source: Ali Charts on X

Ali Charts said a successful reclaim of $2,335 is a standard technical condition for a sustained rally. The chart shows that ETH previously built stronger upward moves after regaining this level. However, failure to hold it would keep price exposed to the lower MVRV band near $1,868.

The next major upside band sits near $5,604, marked by the 2.4 MVRV level. That level does not mean ETH will move there immediately. Instead, it shows the next major valuation zone if Ethereum turns Realized Price into support and keeps momentum.

The upper red band stands near $7,473, while the black line tracks ETH’s market price. For now, the chart keeps the main focus on whether ETH can stay above the green band.

Ethereum needs continued strength above $2,335 to support the bullish setup. If buyers defend that level, the $5,600 MVRV band becomes the main higher target. If ETH loses it, the chart weakens and brings the $1,868 band back into focus.

Ethereum Wyckoff Setup Points to Liquidity Grab Before Downside Move

Ethereum is moving near a possible UTAD phase in a Wyckoff Distribution setup, according to the chart shared by Mister Crypto.

The chart shows ETH on the 6-hour Coinbase chart, with price moving inside a distribution structure after its April recovery. The setup maps Ethereum against the classic Wyckoff model, where price first builds a range, tests resistance, then traps late buyers before a larger move lower.’

ETH 6H Wyckoff Distribution Chart. Source: Mister Crypto on X

Mister Crypto said ETH could soon enter the UTAD phase, also known as an upthrust after distribution. In this setup, price pushes above the range to grab topside liquidity before losing strength.

The projected path shows ETH moving toward the upper resistance area near $2,400–$2,450. After that, the chart points to a sharp reversal back through the range.

If the pattern plays out, ETH could move below the support zone around $2,275–$2,300. The chart then shows a deeper downside path toward the $2,050 area.

However, the setup depends on ETH failing after the liquidity grab. A strong hold above the upper resistance area would weaken the Wyckoff Distribution case.

For now, the chart keeps the main focus on the next move near resistance. ETH needs to avoid rejection after any push higher, or sellers could take control again.