Ethereum’s price has rebounded 18% from a recent low below $1,800, reclaiming the $2,000 level. Key on-chain and volatility metrics are signaling a potential local bottom, with analysts pointing to historical patterns that preceded significant rallies.
Ethereum’s price has surged 18% since falling below $1,800 on February 6, successfully retaking the $2,000 support level. Analysts note that spiking price volatility and a low MVRV Z-score also indicate a local bottom may be forming.
Data from CryptoQuant shows Ethereum’s realized volatility on Binance has risen sharply to 0.97, its highest level since March 2025. “Past experience has shown that such readings have often preceded a significant upward move in Ethereum’s price,” CryptoQuant analyst Arab Chain stated in an analysis.
Similar volatility spikes in late March 2025 and Q4 2024 preceded rallies of 77% and 74%, respectively. If history repeats, this could mark the end of the recent downtrend for ETH.
Meanwhile, Ether’s MVRV Z-Score has dropped into the historical accumulation zone, around -0.31. The last time the metric reached this level was in April 2025, which coincided with a price bottom at $1,400 and preceded a 258% rally.
Technically, the price is testing a multi-year ascending trend line in the $1,800-$1,900 zone. Analyst Trader Tardigrade noted this trend line has supported parabolic rallies in the past, ”Now $ETH is testing the trendline again. If it holds here, history says we’re gearing up for another explosive climb.”
Glassnode data shows investors acquired 2.9 million ETH within this support zone. For the recovery to continue, bulls must push the price above $2,100 to potentially retest the 50-day simple moving average near $2,540.
