Key facts: Ethereum Price Drops Below $2,800; MVRV at -14.3%; Accumulation Trends Noted
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Ethereum's price has dropped below the $2,750–$2,800 zone, now consolidating around $1,990. Key support is at $1,820–$1,850, with resistance near $2,260.1Ethereum's 30-day MVRV reading stands at -14.3%, reflecting that average trader returns are currently negative, with short-term holders experiencing significant losses.2Ethereum shows accumulation trends, with experts noting a potential V-shaped recovery. Historically, ETH has rebounded after major corrections, achieving a 100% recovery rate in past instances.3
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