Ethereum nears $2,000 as buying fades; MVRV hits opportunity zone

Ethereum has dropped sharply in recent sessions and was trading around $2,211 at the time of writing, roughly 9.2% from falling below $2,000 after a 27% decline over the past five days.

Recent on-chain data show exchange net position change indicating that the buying momentum built over the last two weeks is fading, with net inflow red bars shrinking — a sign that aggressive accumulation is slowing and selling pressure could increase as some investors exit.

At the same time, Ethereum’s Market Value to Realized Value (MVRV) ratio has entered the so-called opportunity zone between -12% and -24%, a range that has historically marked periods of selling exhaustion and preceded price reversals as loss saturation discourages further selling.

ETH is holding just above a $2,205 support level, but current momentum suggests further downside risk remains elevated and a move toward $2,000 appears likely. The article notes that such a drop, while bearish short term, may attract value-focused and longer-term investors.

A rebound would depend on renewed demand near key supports; if buyers step in, Ethereum could recover toward current levels, but continued bearish momentum could push ETH toward $1,796 or lower and delay any sustained recovery.

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