Ethereum Sitting In The “Opportunity Zone“ Is Still Struggling At Price Recovery
Despite entering a historical accumulation zone, Ethereum's price recovery is struggling due to mixed holder conviction and distribution from long-term investors.Summary
Ethereum's price is under pressure, though its Market Value to Realized Value (MVRV) ratio suggests it has entered an "opportunity zone" (between -18% and -28%), historically preceding price reversals.
However, on-chain indicators show conflicting signals. Short-term holders have regained influence, and their tendency to sell quickly increases downside risk. Crucially, long-term holders, who usually provide foundational support, have shifted from steady accumulation to distribution, reducing confidence.
Currently trading around $1,983, ETH must hold the critical $1,811 support level to avoid a drop toward $1,571. A meaningful rebound requires easing selling pressure and a resumption of accumulation by long-term investors, with a decisive move above $2,238 needed to invalidate the bearish outlook.
(Source：BeInCrypto)