Ethereum Price Prediction as MVRV Buy Zone Faces Support Risk

Ethereum has entered a zone that long term holders usually watch closely, while short term charts still show pressure under major resistance. Together, the two setups suggest ETH may be near a value area, but the next move still depends on whether key support levels hold.

Ethereum MVRV Buy Zone Signals Long Term Value Reset

Ethereum has moved into a range that Ali Charts describes as a historical MVRV buy zone. The chart shows the MVRV ratio falling between 0.8 and 1.0, an area that has often marked periods when Ethereum traded close to or below the average cost basis of holders. In simple terms, that suggests the market has cooled enough to reset excess valuation. At the same time, the chart places ETH near $2,160, well below the earlier cycle high near $4,955, which supports the view that price has already gone through a deep correction.

Ethereum MVRV Extreme Values: Source: Ali Charts,Glassnode

The main point of the chart is not that Ethereum must rally immediately. Instead, it shows that similar MVRV conditions in the past came before strong recoveries over the following months. The marked rebounds on the chart range from about 129% to more than 5,000%, although each cycle happened under different market conditions. So, while the setup looks historically important, past performance does not guarantee the same result again. Even so, the ratio returning to this zone suggests downside may be more limited than it was near previous tops.

Still, the chart supports a long term accumulation argument more than a short term breakout call. The highlighted circle near 2026 shows Ethereum only recently entering this zone, which means confirmation is still developing. Therefore, the signal matters most for people watching broad cycle structure rather than near term volatility. Based on this chart alone, Ethereum looks closer to a value area than an overheated one, and that is why analysts frame it as a possible long term bottoming phase.

Ethereum Retests Key Support After $2,400 Rejection

Ethereum faced a clear rejection at the $2,400 resistance zone, where price previously stalled and reversed. The chart shows repeated failures to hold above that level, confirming it as a strong supply area. After that rejection, price moved lower and broke below a mid-range structure, which shifted short-term momentum to the downside.

Ethereum Support and Resistance Levels: Source: Ted Pillows

Now, Ethereum is retesting the $2,150 zone, which sits near a prior consolidation area. This level may act as support because it previously held price during earlier pullbacks. If buyers step in here, the structure suggests a possible relief bounce. The arrows on the chart outline this scenario, showing a move back toward the $2,400 resistance before facing pressure again.

However, the broader structure still reflects lower highs and weak continuation after each bounce. That pattern keeps downside risk active. If the $2,150 level fails to hold, the chart points to lower support zones near $1,770 and below, where price previously found demand. As a result, this area becomes critical for short-term direction, with either a temporary recovery or continuation toward deeper support levels.