Why ETH Market Analysts Believe Ethereum Will Maintain Support Above $1,800
Technical indicators and blockchain metrics suggest Ethereum's $1,800 level represents a significant macro bottom. Can bulls generate enough strength to push prices toward $3,000?
The latest downward movement in Ether's (ETH) price found its floor at $1,800, where buying pressure from bulls intensified to protect this critical threshold. The cryptocurrency's recovery beyond $2,100, supported by blockchain metrics and chart analysis, indicates market participants are likely to maintain prices above $2,000 in the near term.
Key takeaways:
- Historical data shows Ether's profitability indicators have reached levels typically associated with local price bottoms.
- Analysis of MVRV Z-score and associated pricing bands indicates the decline to $1,800 likely represents the market floor.
- ETH rebounded from a long-term trendline support that has historically signaled previous macro price bottoms.
Loss realization among Ether market participants
Blockchain analytics reveal that Ether's Spent Output Profit Ratio (SOPR) currently stands at 0.96, indicating that ETH holders continue to divest their positions at a deficit.
The indicator reached a low point of 0.92 on Feb. 6, demonstrating that the decline to $1,800 resulted from market participants crystalizing losses during a period characterized by widespread fear and panic selling.
The SOPR indicator evaluates the profitability of transferred ETH by examining the differential between the asset's value at the time of previous movement and its worth during subsequent transfers.
When this metric falls beneath 1, it often indicates market capitulation or a price floor, which may represent an opportune entry point for accumulation.
Looking at past patterns, such conditions have frequently been followed by upward price corrections. After SOPR descended to 0.86 during Ether's decline to $1,500 in April, the market experienced a substantial 246% price surge reaching its present all-time peak of $4,950.
Comparable market conditions during 2022 and 2023 resulted in ETH price increases of 130% and $155%, respectively.
Consequently, certain market participants interpreted the retreat to $3,000 as a favorable accumulation opportunity.
Ether's bottom at $1,800 supported by MVRV Z-Score analysis
The MVRV Z-Score for Ether, an essential blockchain indicator utilized for detecting market peaks and troughs, has declined into the zone historically associated with accumulation (represented by the green line in the accompanying chart), providing additional evidence that ETH may have established a price floor.
The previous occurrence of Ether's MVRV Z-score declining to present levels occurred in April 2025, following a substantial 66% price correction. This corresponded with a significant market bottom at $1,400 and was followed by an extended rally, during which the ETH/USD trading pair climbed 258% to reach its present all-time high of $4,950.
Additionally, the 0.80 MVRV pricing band, recognized historically as a marker for cycle bottoms, presently sits at $1,880.
From a blockchain analytics standpoint, this data suggests that Ether remains undervalued and could sustain the current recovery trajectory, with potential short-term advancement toward concentrated liquidity zones situated between $2,400 and $2,600.
Strong support foundation for ETH price established above $1,800
Information sourced from TradingView demonstrates that ETH has maintained position above a crucial support area throughout the past two months, as depicted in the following chart.
This zone centers around the $1,800 price level, where market participants accumulated over 1.35 million ETH tokens, based on data from Glassnode's cost basis distribution heatmap analysis.
This price point corresponds with a long-term trendline that has previously identified bottom formations for the ETH/USD pair, as evidenced during 2022 and again in April 2025.
The rebound exhibited by Ether from this technical level during early February demonstrates the trendline continues to function as dependable support, establishing favorable conditions for a sustained price recovery potentially extending toward $4,800.
According to previous coverage by Cointelegraph, a breakdown beneath $2,000, where the 20-day EMA and the 50-day SMA intersect, could trigger further downside movement toward the subsequent major support level located at $1,750.