Ethereum May See 28% Decline to $2,000 Based on MVRV Data

Ethereum Price Analysis

Ethereum's price has dropped by 27.63% over the past month, now trading around $2,800, down from a peak of $4,800.
Analyst Ali Martinez suggests Ethereum may hit a local bottom at approximately $2,000 based on MVRV Pricing Bands analysis.
The MVRV Pricing Bands use the MVRV ratio and Realized Price to indicate valuation levels, with the 0.8x RP band currently at $2,007.08.
Historical data shows Ethereum typically bottoms below the 0.8× RP band, seen in June 2022, December 2022, and March 2025.
A further decline to $2,000 would imply a 28% correction from current prices before a potential rebound.

Investor Insights

Ethereum's Realized Price is $2,508, suggesting most investors are still in profit but face increased risk as market sentiment weakens.
If Ethereum falls below $2,500, it could lead to significant investor losses and accelerate the drop to $2,000.
Despite recent declines, a future bullish wave might push Ethereum to trade around $6,021.

At present, Ethereum is valued at $2,820, marking a 1.73% gain in the last day.