TLDR:
- Ethereum’s MVRV ratio dropped below 0.8, historically flagging a rare and powerful generational buy zone for ETH.
- ETH price tested the ascending triangle’s rising trendline near $1,800, defending a critical multi-year structural support level.
- The daily Supertrend flipped green for the first time since May, signaling a potential end to ETH’s prolonged sideways trend.
- Reclaiming $2,356 is the first confirmation needed before Ethereum can advance toward the long-term $10,000 price target.
Has Ethereum bottomed? That question is gaining traction across the crypto market as key signals begin to align. Ethereum recently tested the $1,800 price level, a zone that has drawn attention from both technical analysts and on-chain researchers.
A combination of chart structure and blockchain data now points to a potential trend reversal. The roadmap to $10,000 is becoming clearer with each passing week.
Price Action and On-Chain Data Point to a Potential Floor
Ethereum continues to trade within a well-defined ascending triangle on the weekly chart. The recent move toward $1,800 aligned precisely with the triangle’s rising trendline support.
This type of reaction at a major structural level carries significant weight for analysts. It suggests the market is defending a critical price floor rather than breaking below it.
On-chain data adds further backing to the bottoming thesis. The MVRV ratio recently dropped below 0.8, a historically rare reading for Ethereum.
Past instances of this level preceded some of the largest bull rallies in the asset’s history. Analysts widely refer to this threshold as a “Generational Buy” zone.
The timing of this on-chain reset is particularly notable. It occurred exactly as price tested the triangle’s trendline support on the chart.
The convergence of both signals at the same price point strengthens the case considerably. Such alignment across different analytical frameworks rarely happens by coincidence.
Ali Charts noted in a recent post that this combination is the strongest seen in a while. The analyst pointed to the $1,800–$2,000 range as a prime area for accumulation.
Dips into this zone should be treated as buying opportunities by market participants. This view holds as long as the $1,800 floor remains structurally intact.
The Roadmap to $10,000 Runs Through These Key Levels
The roadmap to $10,000 begins with reclaiming the $2,356 resistance level. This is the first confirmation that Ethereum is exiting the accumulation phase.
A sustained move above it would mark the transition into a true bull market expansion. Without clearing this level, the recovery remains in an early and unconfirmed stage.
The next targets on the roadmap sit at $2,647 and $3,639. These mid-term levels correspond to MVRV pricing bands that previously acted as notable resistance.
Breaking through them would validate the broader uptrend in a meaningful way. Each successful level cleared adds further confidence to the $10,000 target.
Beyond the mid-term range, long-term expansion zones are mapped at $4,632 and $5,624. These areas are expected to attract increased selling activity from market participants.
A clean breakout above them, however, would keep the bullish structure fully intact. Momentum through these zones would accelerate the broader move higher.
The all-time high region near $4,900 remains the most critical threshold on the roadmap. A decisive weekly close above it would complete the ascending triangle structure.
That breakout would open the path directly toward $10,000 for Ethereum. The entire bull market case rests on this level eventually being cleared.
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