Expert crypto trader Ali Martinez tipped an incoming Ethereum (ETH) price surge after recent upticks. This adds to the growing optimism for altcoins as on-chain metrics align for a long-term jump. ETH price is down 2.6% to $2,062 at the time of writing, wiping out last week’s bear trend.
Ali Martinez: ETH Trend From Bearish to Bullish
The trader known for popular crypto market trend statements wrote on X that signs are surfacing for an ETH jump. According to him, the recent uptick above $1,800 marks the basis for bulls toward another round of gains.
Initial buying signals coincided with the asset’s MVRV ratio falling below 0.8. This gave retail investors more confidence in the short-term direction. Notably, the MVRV ratio at this point is often referred to as the Generational Buy zone, although market conditions limited previous growth.
“From a technical standpoint, Ethereum $ETH appears to trade within a well-defined ascending triangle on the weekly chart. The recent move toward $1,800 served as a critical reaction point, aligning with the rising trendline of this multi-year structure.”
Furthermore, the SuperTrend indicator flipped bullish for the first time in 10 months, signaling upcoming activity. As expected, whales made a series of huge purchases, reinforcing earlier short-term estimates
With momentum on the bulls’ side, traders anticipate sustained inflows as the price crosses the $2k mark. On the flipside, Ethereum has remained unstable, with bears citing major risks, including macroeconomic factors.
Amid recent debates, Martinez identifies possible resistance levels at $2,356 and $2,647, which could act as catalysts if crossed. At this point, ETH bulls forecast a potential jump above $3,600, but it would depend on broader market conditions.
Several policy watchers added that for ETH to hit the mark, the total market cap must appear very bullish. Last year, the ETH price surged due to momentum from crypto treasury firms, leading to altcoin season suggestions. With corporate demand, assets hit multiple all-time highs not recorded in months, including Bitcoin’s historic $125k mark.
Although slight pressure is being felt, little inflow has been recorded this month compared to last year’s dominant levels. At press time, ETH trades have wiped out 30-day losses, turning them into 17% gains, while the total crypto market cap stands at $2.35 trillion, a 1.8% slump in 24 hours.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
ETH rises 0.65% in 15 minutes: spot buying led to net capital inflows
Between 2026-04-16 15:00 and 15:15 (UTC), the ETH price recorded a +0.65% return. The highest price in the range was 2330.16 USDT, while the lowest was 2308.58 USDT, with a swing of 0.93%. The short-term rally immediately drew market attention, increasing capital activity; volatility remained moderately elevated, characterized by strengthening spot buying power.
The main driving force behind this unusual move is that buy orders in the spot markets of major trading platforms continued to dominate. Within 15 minutes, the buy volume accounted for 58%–59%, and the total buy volume was about 2.2K–2.6K ETH
GateNews7m ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16
Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs
GateNews44m ago
Ethereum Foundation Announces ETH Rangers Project Results: Over $5.8M in Recovered or Frozen Assets
The Ethereum Foundation's ETH Rangers project has successfully completed, funding 17 researchers to enhance public security in the ecosystem. Achievements include recovering $5.8M in assets, identifying over 785 vulnerabilities, and developing several security tools.
GateNews53m ago
ETH drops 1.23% in 15 minutes: Retail’s concentrated sell-off and amplified ETF fund outflows weigh on the spot order book
2026-04-16 13:45 to 14:00 (UTC), ETH spot prices fell by 1.23% in just 15 minutes. The candlestick price range covered 2291.2 to 2336.98 USDT, with a swing of 1.96%. Market volatility intensified, sell pressure on the board became concentrated, and the trading community’s focus clearly shifted toward changes in capital outflows.
The main driver behind this abnormal move is large-scale, concentrated selling from retail. In the spot market, net outflows in the first 5 minutes reached as high as -$95.57M. Although some lead/major funds attempted to accumulate at lower prices (net inflows of +$18.95M in large orders over 5 minutes), the overall scale was limited and unable to effectively hedge the overall short-term selling pressure. Meanwhile, the ETH futures market did not show extreme liquidations or large-scale position closures, indicating that the core of the abnormal move came from a spot supply-and-demand imbalance rather than leveraged liquidation cascades.
In addition, ETH spot ETF funds have continued to experience net outflows in early April. On April 1, the single-day net outflow was $7.1M. The overall trend in Q1 was bearish, directly reflecting weakening institutional capital allocation intent and further undermining market confidence. Some funds have shifted to on-chain staking and emerging DeFi protocols. It is also worth noting that large holders with holdings in the 100,000-ETH range have continued to reduce their positions since the end of March. Whale capital outflows have persisted, and retail has followed the above signals, leading to a multi-factor selloff resonance effect in the short term. Although both the number of active addresses on the ETH chain and daily trading volume have hit historical highs, network usage and liquidity are overall strong, but capital flow has not formed any substantive spot buy orders, making it difficult to drive a price reversal.
At present, short-term market risk remains significant. Investors should pay attention to the strength of subsequent retail selling, the direction of ETF fund flows, and changes in large-holder positions. If large holders and major funds do not form a strong follow-through/acceptance, the spot market may continue to be affected by the release of structural supply. It is recommended that investors monitor key support zones in real time, track large on-chain fund movements, and watch for macro news developments, in order to reasonably mitigate the risk of short-term price fluctuations and promptly obtain more market information.
GateNews1h ago
ETH falls below 2300 USDT
Gate News bot message, Gate quotes show that ETH has fallen below 2300 USDT, with the current price at 2296.29 USDT.
CryptoRadar1h ago
Charles Schwab Launches Schwab Crypto Spot Trading for Bitcoin and Ethereum
Charles Schwab launched Schwab Crypto on April 16, a spot cryptocurrency trading service for retail customers. It supports direct trading of Bitcoin and Ethereum and offers education and support, integrating with existing financial services.
GateNews1h ago
