On-chain data suggests Ethereum may be entering a historic accumulation phase. Analyst Ali Martinez noted that Ethereum’s MVRV ratio has fallen into a ‘buy zone’ between 0.8 and 1.0, a range historically associated with major price rallies. Technical indicators also show signs of market stabilization, with the RSI neutral and the MACD hinting at renewed buying interest.
Ethereum showed signs of potential recovery on March 19, 2026, as on-chain data pointed toward accumulation. Crypto analyst Ali Martinez stated that ETH might have started a new “generational buy zone.” This assessment is based on the MVRV ratio, which compares market value to the average acquisition cost.
The MVRV ratio entered a range of 0.8 to 1.0, signaling the asset may be undervalued. Historical periods with similar ratios have preceded significant price surges for Ethereum. At the time of writing, Ethereum was trading at $2,184 with a market capitalization of $261.55 billion.
The price reflected a 4.53% decline over 24 hours amid broader market pressure. Technical analysis shows the Relative Strength Index (RSI) at a neutral reading near 53. Support is seen at the 20-day and 50-day moving averages, approximately between $2,078 and $2,084.
Resistance remains at the 100-day and 200-day moving averages of $2,572 and $3,193 respectively. The Moving Average Convergence Divergence (MACD) indicator suggests a gradual trend improvement. The MACD line currently sits above its signal line with a positive histogram.
