From on-chain valuation metrics, Ethereum is entering a historically significant accumulation zone. Data shows that ETH's MVRV ratio has fallen back to the 0.8-1.0 range, an area historically associated with undervaluation and accumulation phases. Previous entries into this zone have signaled major expansion phases, with returns in early cycles exceeding 130%, 280%, or even 5,000% and above.
Technical analysis indicates robust buy support around $2,100, an area that has become the focal point of long-short dynamics. If this level can be held and stabilized, the market is expected to bounce tow
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