Core Points
The MVRV indicator enters the historical bottom
Wall Street funds return through ETFs and strategic buyers
Ethereum has rebounded above $1800, up 20% from the 2026 low of $1517
Technical analysis
The technical chart shows a double bottom pattern, with resistance at $1815. Ethereum has broken through the 25-day index moving average, with the percentage price oscillator moving upwards and approaching the bullish zero-line crossing, a signal that has been closely watched by momentum traders.
The MVRV indicator enters the historical bottom
The ratio of market value to realized value of Ethereum has dropped below 0.8. Previously, the indicator fell below this level in December 2018, March 2020 and June 2022, each time marking important long-term lows. This means Ethereum may be trading at a price below its fair realized value. Historically, patient investors often view such periods as accumulating opportunities rather than selling signals.
Analyst Axel Kibar pointed out that Ethereum's short-term reversal structure looks solid and may form a short-term double bottom, which is consistent with the current chart pattern.
Wall Street money flows back through ETFs and strategic buyers
After two consecutive months of outflows, the Ethereum Spot ETF recorded a net inflow of more than $84 million this week. Although the absolute scale is small, the reversal in capital flows has attracted the attention of analysts. BitMine, led by senior analyst Tom Lee, has become an important accumulator. The company only increased its holdings of Ethereum worth more than US$35 million this week, with a total holding of 5.74 million units, approaching the 6 million mark.
Meanwhile, the Cryptocurrency Fear and Greed Index rose from 15 (Extreme Fear) to 31, a shift in sentiment that has historically been associated with the price rebound of Bitcoin and Ethereum.
For Ethereum to achieve an effective breakthrough towards $2000, its price needs to stabilize above $1817 and overcome resistance between $1820 and $1850. If this area is successfully converted into support, it will open the channel for rising to US$1950 or even US$2000. If Ethereum falls below US$1730, the current rally may lose momentum and lead to a sideways consolidation stage.

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