<ul><li>Ethereum is facing downward pressure but has a potential for recovery if key resistance levels are reclaimed.</li><li>The MVRV ratio at 0.9 suggests an accumulation zone for investors.</li><li>Failure to hold support may result in a drop towards $1,060, while reclaiming $2,500 could push ETH back to $4,000.</li><li>Traders are closely monitoring whether Ethereum can establish strength above resistance or succumb to further downside pressure.</li></ul>

Is Ethereum Poised for a Breakout? MVRV Ratio Points to Potential Opportunity

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