Ethereum has entered a historical accumulation zone after falling below the 0.8 MVRV Pricing Band. At the same time, traders are watching whether ETH can reclaim $1,750 and turn the latest breakdown into a bear trap.
Ethereum Enters Historical Accumulation Zone as MVRV Signal Flashes Again
Ethereum (ETH) has fallen below the 0.8 MVRV Pricing Band, a level that historically appeared near major market bottoms. According to Ali Charts, previous drops into this zone often marked periods of long-term accumulation before larger recoveries developed.
Ethereum MVRV Pricing Bands Chart (ETH/USD). Source: Ali Charts on X / Glassnode
The MVRV Pricing Bands model compares Ethereum's market value with its realized value to identify areas where the asset may be overvalued or undervalued. ETH is currently trading near $1,689, below the 0.8 MVRV band at $1,828, placing the asset in a region that has repeatedly attracted buyers during past bear market phases.
The chart highlights several previous instances where Ethereum moved into or below the 0.8 MVRV band. In many of those cases, the market later formed significant bottoms before beginning new upward cycles. The black arrows on the chart mark these historical accumulation periods.
Several key valuation levels remain in focus. The realized price sits near $2,285, while higher MVRV bands are located around $5,485 and $7,314. Historically, ETH has spent extended periods near lower MVRV bands during market stress, while higher bands often coincided with stronger bull market conditions.
Although the signal does not confirm an immediate reversal, the current setup places Ethereum in one of its historically strongest accumulation zones. Market participants are now watching whether ETH can reclaim the 0.8 MVRV band and move back toward its realized price, or whether the asset will continue consolidating below this key on-chain valuation level.
Ethereum Reclaim of $1,750 Could Turn Breakdown Into Bear Trap
Ethereum is trying to recover after breaking below a major trading range. According to Daan Crypto Trades, a move back above $1,750 could turn the drop into a deviation and reopen the path toward $2,000.
Ethereum Daily Chart (ETH/USDT). Source: Daan Crypto Trades on X
The chart shows ETH falling below the former range low near $1,748.60 before bouncing from the $1,500 area. That level now acts as the main resistance zone for bulls to reclaim.
If ETH retakes and holds above $1,750, the breakdown could become a bear trap. In that case, the analyst says ETH could start targeting the $2,000+ region again.
However, the bearish structure remains active below that level. A failed reclaim would create another lower high and keep Ethereum inside its current downtrend.
