Ethereum may have just flashed a powerful bottom signal near $1,800. Price rebounded sharply from this level as the MVRV ratio dropped below 0.8.
This zone historically appears when ETH trades below its on-chain value. Previous cycles show similar dips near major lows before explosive rallies.
After touching this range, ETH has often surged beyond $2,000 and continued higher. The current move toward around $2,160 suggests early recovery strength is already building.
The chart shared by Ali Charts on X, shows MVRV entering deep undervaluation while price stabilized above $1,800 support.
This combination has repeatedly marked long-term accumulation zones. Past signals led to gains of over 100% in following months.
The latest rebound suggests the move was not random volatility. Instead, it reflects a structural reset in market sentiment.
If buyers continue defending $1,800, Ethereum could be positioning for another sustained uptrend phase.
Ethereum faces key decision at $2,108 after rebound into resistance
Ethereum rebounded sharply from support near $2,000 but quickly ran into overhead resistance.
The recovery pushed price toward several Fibonacci retracement levels. Key levels included 38.2% near $2,129, 50% around $2,198, and 61.8% near $2,241.
Price briefly entered this resistance cluster but failed to sustain upward momentum. Sellers stepped in quickly, forcing a pullback toward the mid retracement band.
Source: X
The rejection left $2,108 as the first important support level in the short term, as highlighted by an analyst More Crypto Online on X.
A break below that point would signal that the rebound has likely topped. That move could open the door for another decline toward the $2,000 support region.
The structure on the lower timeframe still appears corrective rather than bullish. Deeper downside risk remains toward the high $1,800s if selling pressure strengthens.
For now, Ethereum trades at a key decision zone where buyers must defend support to maintain the rebound.
Ethereum stabilizes near $2,179 after prolonged downtrend
Ethereum price continues to trade within a broader downtrend on the 1-day chart. Price action shows consistent lower highs and lower lows over recent months.
A sharp sell-off in the early session significantly accelerated bearish pressure. However, the decline slowed as buyers stepped in near the $2,100 zone.
Ethereum is now consolidating around $2,179, showing signs of stabilization. Recent candles reflect reduced volatility and tighter price movement.
This suggests accumulation may be forming after the extended drop. A break above nearby resistance could signal the start of a stronger recovery phase.
ETH 1-day price chart, Source: TradingView
MACD indicates improving momentum with a recent bullish crossover. The histogram has turned positive, reflecting growing buying pressure.
Both the MACD and signal lines are trending upward gradually. This suggests momentum is shifting in favor of bulls.
Meanwhile, RSI trades around 54, indicating neutral market conditions. It shows balanced strength between buyers and sellers. The RSI also trends slightly upward, supporting a mild bullish bias.