Here’s Why Ethereum Price Remains Bullish Above $1,800.
Cointelegraph
Ethereum’s price shows bullish resilience above $1,800, supported by on-chain metrics, historical trendlines, and increased investor activity.Summary
Ethereum (ETH) maintains a bullish outlook as traders defend the $1,800 support level, backed by key on-chain indicators like the MVRV Z-score and the Spent Output Profit Ratio (SOPR). Historical data suggests that when these metrics reach current levels, they often signal a market bottom and precede significant recoveries. Furthermore, strong buy-side interest and technical analysis of multi-year trendlines indicate that ETH is currently undervalued, setting the stage for a potential short-term recovery toward $2,600.
(Source：Cointelegraph)