The price of Ethereum (ETH) has experienced a significant decline recently, falling from $2,800 to around $1,900. This has triggered a bearish signal, but also potentially indicates a recovery could be on the horizon. The drop in price has caused concern among investors as it fell below the Realized Price for the first time in two years, resulting in a decline in the Market Value to Realized Value (MVRV) ratio and approximately 7% losses for investors. However, this situation has previously led to a strong rebound and improvement in the MVRV ratio, giving hope for a similar recovery this time. On a macro level, Ethereum's overall momentum is showing signs of improvement as investors are accumulating Ethereum rather than selling it, seen through a recent inflow of capital. Despite the recent decline, Ethereum is still holding above a support level of $1,862, which could act as a foundation for potential upward movement. To confirm a recovery, Ethereum needs to breach and flip the key level of $2,141 into support and move towards $2,344. If broader market conditions worsen, Ethereum could fall below the $1,862 support and potentially decline further.



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