Ethereum’s recent decline has drawn attention across the crypto market as the second-largest cryptocurrency struggles to recover from its 15% weekly loss. The ongoing bearish conditions have dragged ETH down to levels not seen in months. However, this sharp correction may signal the start of a recovery, as Ethereum appears to have reached the point of bearish saturation. Ethereum Enters Historic Reversal Point The 30-day MVRV ratio highlights that Ethereum has officially entered the “opportunity zone,” a range historically linked to potential reversals for the first time in five months
source: https://beincrypto.com/ethereum-enters-opportunity-zone-next-for-price/