Ethereum is sending mixed signals as on chain data points to a historic value zone while short term charts show the rebound running into resistance. One setup suggests long term accumulation may be underway, but the other shows bulls still need to defend key support.
Ethereum MVRV Drops Into Historic Buy Zone After Rebound From $1,800
Ethereum rebounded from the $1,800 area after its Market Value to Realized Value, or MVRV, ratio fell below 0.8, according to a Glassnode chart shared by Ali Charts on X. The analyst said that level has historically marked periods when $ETH traded below its on chain value and later moved into major recovery phases.
$ETH MVRV Extreme Values: Source: Ali Charts on X
The chart compared Ethereum’s price with its MVRV ratio from 2021 through early 2026. The blue line showed the MVRV ratio falling under the 0.8 threshold, while the black line tracked $ETH price. In prior cycles, similar drops appeared near major lows before strong upside moves followed.
Ali Charts described the sub 0.8 reading as a sign that Ethereum had entered an undervalued zone. The chart highlighted earlier periods when the same signal came before large rallies, including rebounds of more than 100% and, in some cases, much larger gains across the following cycle.
That does not guarantee the same outcome this time. Still, the latest bounce from $1,800 suggests the move was not purely random, at least from an on chain perspective. Instead, it aligned with a level that traders and analysts often watch for signs of deep value.
The main takeaway from the chart is that Ethereum has returned to a range that previously appeared near important market bottoms. If history rhymes, the recent reset in the MVRV ratio may signal that $ETH has moved back into a long term accumulation zone rather than a fully extended market phase.
Ethereum Hits Resistance After Bounce as Break Below $2,108 May Signal Fresh Weakness
Ethereum rebounded from support but then ran into resistance, according to a short term chart shared by More Crypto Online on X. The analyst said a break below $2,108 would provide the first signal that the latest bounce has likely topped out.
The 15 minute chart showed ETHUSD recovering from a lower support zone near the $2,000 area before stalling under a cluster of retracement levels. Those levels included 38.2% near $2,129, 50% near $2,198, and 61.8% near $2,241, which marked the main resistance area after the rebound.
ETHUSD 15 Minute Elliott Wave and Fibonacci Resistance Setup: Source: More Crypto Online on X
Price briefly pushed higher into that range but failed to hold the move. Instead, Ethereum pulled back toward the lower retracement band, leaving $2,108 as the first nearby level to watch. According to the analyst, a move below that point would suggest the rebound has already lost strength.
The chart also outlined a broader corrective structure, with support still visible around the low $2,000 region and deeper downside marked closer to the high $1,800s. That means the recent recovery has not yet changed the wider short term setup. For now, it remains a bounce into resistance rather than a confirmed reversal.
In effect, the chart points to a market at a decision zone. If Ethereum holds above $2,108, the rebound can still stay intact in the near term. If it breaks below that level, the latest move higher may turn into another failed recovery inside a broader corrective trend.
