Etherโs (ETH) recent sell-off was stopped at $1,800, as bulls aggressively defended the level. Etherโs rebound above $2,100, along with on-chain and technical data, suggests that traders will hold the price above $2,000 for the short-term. Key takeaways: Etherโs profitability metrics drop to levels that have historically marked local bottoms. The MVRV Z-score and pricing bands suggest ETH price drop to $1,800 was the bottom. ETH price bounced off a multi-year trendline that has marked previous macro lows. Ether traders realize losses Onchain data shows that Etherโs Spent Output Profit…
Hereโs Why Ethereum Price Remains Bullish Above $1,800.
