Ethereum Enters Historic Buy Zone As Price Dips Below Key Level – Insights
Ethereum is trading at a critical resistance level, with bulls attempting to regain momentum amid global market pressures from US-China trade tensions. President Trump announced a 90-day tariff pause on all countries except China, raising concerns about prolonged trade conflicts affecting financial markets. Ethereum's price action is attracting investor attention, particularly as it trades below the lower MVRV Price Band, indicating potential undervaluation. Historically, this zone has signaled strong buying opportunities. Ethereum has fallen approximately 21% since losing the $2,000 support level, reflecting weak market performance and heightened volatility. Analysts suggest that if macro conditions improve, Ethereum could enter a phase of accumulation, presenting a chance for long-term investors to buy at discounted prices. The upcoming days are crucial for ETH as it tests technical and psychological thresholds.
