Ethereum has slipped into a valuation range that some on-chain analysts 
associate with major long-term bottoms, after ETH fell below its realized 
price for the first time in two years. Via X, renowned crypto analyst Ali 
Martinez argued on Thursday the setup now resembles prior cycle lows. Ethereum 
Drops Into MVRV Buy Zone In a post on X, the analyst wrote: “Ethereum has 
entered a generational ‘Buy Zone.’ The MVRV Ratio, which measures the gap 
between market price and average investor cost basis, has just dropped into 
the 0.8 – 1.0 range. Historically, this ‘fair value’ reset has been the 
precursor to massive structural bull rallies.” That framing rests on a 
familiar on-chain logic. When MVRV falls toward or below 1.0, spot price is 
converging with, or moving under, the aggregate on-chain cost basis of 
holders. In practical terms, the market is no longer pricing Ethereum at the 
rich premium seen during euphoric phases. Instead, it is testing a zone where 
prior cycles have exhausted sellers and attracted longer-duration buyers. 
Related Reading: Ethereum Holds Above $2,300 As Open Interest Expansion 
Reinforces Uptrend Stability Martinez paired that argument with a chart 
showing previous rebounds from the same region. The historical moves cited 
from this “Buy Zone” were substantial: roughly 150%, 5,390%, 130%, 280% and 
250%. The implication was explicit. “On-chain data suggests Ethereum is 
approaching a long-term bottom. For those with a 12-24 month horizon, the 
accumulation window is officially open!” Glassnode posted a similar signal 
last week, though in more restrained terms. “ETH has dropped below its 
realized price for the first time in 2 years &#8211; signaling that the average 
investor is now holding an unrealized loss,” the firm wrote on March 11. It 
added two key metrics alongside the chart: Realized Price at $2,058.04 and 
MVRV: 0.93 (7% unrealized loss). Related Reading: Bitwise Found What’s Really 
Driving Ethereum Price, And It’s Not Fundamentals Those numbers sharpen the 
broader thesis. A realized price of $2,058.04 against a market price of 
$1,917.86 means Ethereum was trading below the average on-chain acquisition 
cost tracked by Glassnode’s model. An MVRV of 0.93 suggests the typical 
holder, in aggregate, is down about 7% on paper. That does not guarantee a 
bottom, but it does indicate a phase where speculative excess has already been 
largely unwound. In overheated markets, MVRV expands as price runs well above 
the network’s realized cost basis, often reflecting crowded profits and rising 
distribution risk. In contrast, sub-1.0 readings tend to appear when 
conviction is weak, sentiment is damaged, and marginal sellers have already 
absorbed a large part of the decline. That is why analysts often treat the 
zone as strategically important even if price action remains volatile in the 
short term. At press time, ETH rebounded above realized price again and traded 
at $2,139. Featured image created with DALL.E, chart from TradingView.com

Ethereum Hits Rare MVRV Zone Linked To Past 130%+ Rallies

Argentine lawmakers who probed the Libra incident have vowed to act against 
Eduardo Taiano, the prosecutor in charge of the case, after information 
revealed hints at a deeper relationship between President Javier Milei and 
Mauricio Novelli, an associate behind the token launch. Argentine Deputies 
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Ethereum price started a sharp decline from the $2,385 zone. ETH is now 
consolidating above $2,100 and might aim for a recovery wave if it climbs 
above $2,200. Ethereum started a sharp decline below the $2,320 zone. The 
price is trading below $2,250 and the 100-hourly Simple Moving Average. There 
was a break below a major bullish trend line with support at $2,160 on the 
hourly chart of ETH/USD (data feed via Kraken). The pair could continue to 
move up if it clears the $2,200 zone. Ethereum Price Takes Hit Ethereum price 
failed to stay above $2,320 and started a fresh decline, like Bitcoin. ETH 
price declined below $2,250 and $2,200 to enter a short-term bearish zone. 
There was a break below a major bullish trend line with support at $2,160 on 
the hourly chart of ETH/USD. The pair even spiked below $2,120. A low was 
formed at $2,100, and the price is now consolidating losses below the 23.6% 
Fib retracement level of the recent decline from the $2,385 swing high to the 
$2,100 low. Ethereum price is now trading below $2,200 and the 100-hourly 
Simple Moving Average. If the bulls remain in action above $2,100, the price 
could attempt another increase. Immediate resistance is seen near the $2,165 
level. The first key resistance is near the $2,200 level and the 100-hourly 
Simple Moving Average. The next major resistance is near the $2,240 level or 
the 50% Fib retracement level of the recent decline from the $2,385 swing high 
to the $2,100 low. A clear move above the $2,240 resistance might send the 
price toward the $2,275 resistance. An upside break above the $2,275 region 
might call for more gains in the coming days. In the stated case, Ether could 
rise toward the $2,320 resistance zone or even $2,385 in the near term. More 
Losses In ETH? If Ethereum fails to clear the $2,200 resistance, it could 
start a fresh decline. Initial support on the downside is near the $2,120 
level. The first major support sits near the $2,100 zone. A clear move below 
the $2,100 support might push the price toward the $2,060 support. Any more 
losses might send the price toward the $2,020 region. The main support could 
be $2,000. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing 
momentum in the bearish zone. Hourly RSI &#8211; The RSI for ETH/USD is now below 
the 50 zone. Major Support Level – $2,120 Major Resistance Level – $2,200

Ethereum Price Drops to $2,100, Shaking Confidence Amid Volatility

Scammers impersonating the FBI via a token are telling Tron users they are 
under investigation and must complete a check to avoid having their assets 
frozen.

FBI warns fake FBI token on Tron is trying to scam users

Cardano may be sitting on one of the most significant buying opportunities in 
its history — with analysts projecting a potential 1,000% rally if a multi- 
year support zone continues to hold. Related Reading: Ripple’s $500M Raise And 
Institutional Ties Keep XRP Firmly In Place At roughly $0.27 at the time of 
writing, ADA has stayed above a demand floor that twice before marked a cycle 
bottom and launched sharp recoveries, fueling fresh optimism that a similar 
move could be building. Market analyst Crypto Patel, citing a two-week chart, 
says the coin is compressing between a price floor of $0.18 to $0.25 and a 
descending resistance line in place since the 2021 all-time high. That kind of 
squeeze often precedes a sharper move in either direction — and bulls are 
betting on up. The support band has attracted buyers more than once. Reports 
indicate the zone held during a steep decline in June 2023, when ADA hit 
$0.22, and buying pressure there helped push the coin to $1.32 by December 
2024. Before that, a similar setup played out in 2021, when ADA consolidated 
just above that level before climbing to a peak of $3.10. $ADA Is Sitting on a 
Multi-Year Accumulation Zone That Could Send It 1,000%+ Higher…. Accumulation 
Zone: $0.25-$0.18 Targets: $1 ⮕ $3 ⮕ $10 NFA &amp; ALWAYS DYOR@Cardano 
pic.twitter.com/pWG91sgtG6 — Crypto Patel (@CryptoPatel) March 18, 2026 The 
Numbers Behind The Targets If history repeats, the path higher looks like 
this: a break above the descending resistance line puts $1 in view first — 
roughly 270% above current prices. From there, $3 becomes the next target, a 
gain of around 1,011% that aligns closely with the 2021 cycle peak. Under the 
most optimistic scenario, Crypto Patel puts $5 on the table — a rise of about 
1,750%. Those numbers are staggered and conditional. Each target only comes 
into play after the previous one is cleared. None of them are triggered by the 
support zone alone — the descending resistance line, which has capped every 
recovery attempt since 2021, must also give way. ADA dropped to $0.2205 in 
February before buyers stepped back in. Since then, the coin has held mostly 
flat but has not broken below the support floor. According to the analyst, 
that matters. A sustained hold keeps the broader structure intact. A drop 
below $0.18 dismantles it. Related Reading: XRP Moves Into ‘Scarce Zone’ As 
Exchange Supply Dries Up A Long Wait For A Breakout The current price action 
has been sideways for months. ADA is neither breaking out nor collapsing — 
just grinding within a narrow range while the two converging lines press 
closer together. Reports note that extended consolidation of this kind often 
precedes a larger directional move, though the chart alone cannot determine 
which way that move goes. The analyst&#8217;s projections are rooted in technical 
chart reading and historical cycle comparisons. No fundamental catalysts — new 
technology, partnerships, or adoption milestones — were cited as drivers in 
the analysis. Featured image from Unsplash, chart from TradingView

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