Over the past fourteen days, Ethereum (ETH) has retraced by roughly 9%, and it 
is now probing the key psychological $2,000 support. Amid this weakening 
phase, technical analyst Ali Martinez pointed to what he described as “two 
triggers” that could potentially help ETH turn bullish again. What Happens 
Next For Ethereum In a recent social media post on X (formerly Twitter), 
Martinez noted that Ethereum has largely been confined to a broad, multi-year 
trading range since 2021. In his view, recent price action offered a telling 
confirmation of that structure. The market experienced what he called a clean 
rejection at the midpoint of that range, which coincided with the 200-week 
Simple Moving Average (SMA) at around $2,300. Because ETH failed to reclaim 
that level, Martinez said the chart has continued to display weakness rather 
than recovery. Related Reading: Ethereum Price Roadmap For The Rest Of 2026: 
Bull, Base, And Bear Scenarios Unpacked Looking at the levels that matter most 
right now, Martinez singled out $1,850 as the critical point on the weekly 
chart. He warned that if Ethereum records a weekly close below that level, 
downside momentum could build quickly. From there, he argued that the broader 
channel structure suggests two larger downside targets after the 
rejection—first an interim support area around $1,560, and then a move toward 
approximately $1,070. Two ‘Triggers’ To Turn Bullish In addition to the Simple 
Moving Average indicator and structural levels, Ali Martinez also highlighted 
the 0.8 Market Value to Realized Value (MVRV) pricing band, a metric traders 
use to gauge valuation and help identify potential accumulation zones. 
According to his analysis, this widely watched band is currently sitting near 
$1,850, just 10% below the zone that Ethereum is now testing. Historically, 
when ETH moves below the 0.8 MVRV band, the decline has not typically been 
sustained for long. The analyst also said this key price zone often functions 
as a “high-probability macro accumulation window”—one that can help form the 
underlying base for the next bull market. Even so, Ali Martinez made it clear 
that a full bearish thesis would need to be invalidated before the bullish 
case can re-emerge. Related Reading: XRP, ETH, SOL, LINK Look Cheap—The 
Catalysts That Could Drive The Next Leg Up For the downside scenario to be 
effectively negated and Ethereum to flip back toward a bullish direction, he 
said two specific “triggers” must occur in the short-term for the 
cryptocurrency. The first is ETH reclaiming the 200-week SMA, which currently 
sits at around $2,500. The second trigger would follow only after that: a 
clean break above the 50-week SMA, which Martinez placed around $3,100. 
Featured image created with OpenArt; chart from TradingView.com

Over the past fourteen days, Ethereum (ETH) has retraced by roughly 9%, and it is now probing the key psychological $2,000 support. Amid this weakening phase, technical analyst Ali Martinez pointed to what he described as “two triggers” that could potentially help ETH turn bullish again. What Happens Next For Ethereum In a recent social &#8230;

Ethereum (ETH) Next Rally Could Start With These Two Triggers, Top Analyst Says

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Ethereum (ETH) Next Rally Could Start With These Two Triggers, Top Analyst Says

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