The market is currently in a cooling phase. After a sharp decline from October highs, ETH is trading around $1,950, hovering near the psychologically critical $2,000 level. 🔎 The “Opportunity Zone”: On-chain data shows ETH has entered a historical accumulation zone (MVRV ratio between -18% and -28%), which has previously preceded price reversals. 🏦 ETF Pressure: Institutional ETH ETF investors are facing significant unrealized losses, with average purchase costs near $3,500. 👉 Key Levels: Support: $1,880 – $1,920 Resistance: $2,150 – $2,300 #GateSquare$50KRedPacketGiveaway $ETH
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Market Status: The “$2,000 Battle” 💰
The market is currently in a cooling phase. After a sharp decline from October highs, ETH is trading around $1,950, hovering near the psychologically critical $2,000 level.
🔎 The “Opportunity Zone”: On-chain data shows ETH has entered a historical accumulation zone (MVRV ratio between -18% and -28%), which has previously preceded price reversals.
🏦 ETF Pressure: Institutional ETH ETF investors are facing significant unrealized losses, with average purchase costs near $3,500.
👉 Key Levels:
Support: $1,880 – $1,920
Resistance: $2,150 – $2,300
#GateSquare$50KRedPacketGiveaway
$ETH