February 10 News: Ethereum (ETH) continues to fluctuate at low levels, with the latest price hovering around $2,000 and failing to regain the $2,100 resistance level. As on-chain valuation metrics enter historically sensitive zones, the market is reassessing whether ETH is approaching a long-term bottom or if there is still a risk of a secondary decline.
Crypto analyst Michaël van de Poppe pointed out that Ethereum’s current Market Value to Realized Value (MVRV) ratio has significantly deviated from its “fair range,” a level that historically only appears at the end of major bear markets. He mentioned that during the COVID-19 crash in 2020, the 2018 bear market bottom, the Terra-Luna collapse in 2022, and the market sharp decline in April 2025, ETH’s valuation also fell into similar ranges, followed by medium- to long-term rebounds.
However, on-chain analyst Jao Wedson offered a more cautious interpretation. He stated that Ethereum’s MVRV Z-Score has fallen to -0.42, entering the “capitulation zone,” but remains above extreme values associated with clear bottoms in the past, such as -0.76 at the end of 2018. This indicates that market pressure is real, but panic selling has not yet reached historical extremes.
Wedson emphasized that true market bottoms are rarely formed in a single event but develop gradually after multiple failed rebounds and range-bound oscillations. Therefore, even if valuation metrics suggest deep undervaluation, the price path may still experience significant volatility.
From the current structure, ETH is in a stage where opportunities and risks coexist. Valuation levels provide a logical basis for long-term allocation, while momentum and sentiment indicators still suggest that short-term uncertainty has not been fully resolved. For investors, maintaining patience and risk management may be more crucial than betting on a specific timing.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bottoming out and aiming for a rebound by the end of the year! Standard Chartered predicts: Bitcoin may drop to $50,000, and Ethereum could fall to $1,400
Standard Chartered Bank has revised down its short-term outlook for the cryptocurrency market, predicting a potential wave of sell-offs in the coming months but remaining optimistic about a rebound by the end of the year. The Bitcoin target price has been lowered to $100,000, and Ethereum to $4,000, citing low confidence among ETF investors and economic uncertainties affecting market sentiment. Although the short-term outlook is bearish, the long-term market resilience remains positive.
区块客1m ago
A certain whale is trading ETH in waves, buying 5,089 at the low point and reducing holdings by 4,000 at the high point.
PANews February 14 News, according to on-chain analyst @ai\_9684xtpa monitoring, address 0x2d4…f2B9A accumulated 5,089.56 ETH (worth $9.943 million) over the past 23 hours at an average price of $1,953.65. This purchase was exactly at the low point before ETH's rebound; then, 9 hours ago, at a short-term high of $2,058.91, 4,000 ETH were sold (worth $8.235 million), realizing a profit of $421,000; currently, the remaining 1,089.56 ETH still has an unrealized profit of $104,000.
GateNewsBot8m ago
Ethereum Foundation Leadership Shake-Up: Tomasz Stanczak Steps Down, Bastian Aue Takes Over
Tomasz Stanczak is stepping down as co-executive director of the Ethereum Foundation at the end of February 2026, just nine months after assuming the role alongside Hsiao-Wei Wang. Bastian Aue will step in as interim co-executive director, working alongside Wang to guide the organization through its next phase.
The leadership transition comes as Ethereum navigates an increasingly complex landscape involving Layer 2 scaling, AI integration, and institutional adoption, with Stanczak expres
CryptopulseElite1h ago
Technical Analysis for February 14: BTC, ETH, BNB, XRP, SOL, DOGE, BCH, HYPE, ADA, XMR
Bitcoin (BTC) has broken above the $68,500 mark, indicating that the bulls are trying to establish a higher low around the $65,000 region. However, according to data from Glassnode, BTC is still in a “consolidation” phase, with the price trapped between the current market average around $79,200 and the previous support level.
TapChiBitcoin1h ago
ETH (Ethereum) increased by 5.69% in the last 24 hours
Gate News Bot Message, February 14th, according to CoinMarketCap data, as of press time, ETH (Ethereum) is trading at $2051.71, up 5.69% in the past 24 hours, with a high of $2148.12 and a low of $1897.33. The 24-hour trading volume reached $20.062 billion. The current market capitalization is approximately $247.626 billion, an increase of $13.335 billion from yesterday.
Ethereum is a decentralized, open-source blockchain network and software development platform powered by the cryptocurrency Ether (ETH). As a leading platform for innovative applications and blockchain networks, Ethereum provides a secure, global foundation for the next generation of unstoppable applications. The network is open to everyone, permissionless, and collectively maintained by thousands of individuals, organizations, and users worldwide.
GateNewsBot1h ago
