Is Ethereum Down? Analysts map the roadmap to $10,000 as key signals

TLDR

Ethereum's MVRV ratio has dropped below 0.8, historically indicating a rare and powerful generational buy zone for ETH.

ETH price retested the ascending triangle trend line near $1,800, maintaining a critical multi-year structural support level.

The daily supertrend has turned green for the first time since May, signaling the end of ETH's extended sideways trend.

A recovery of $2,356 is the first confirmation that Ethereum needs before moving towards the long-term price target of $10,000.

Is Ethereum Crashing? That question is gaining a lot of attention in the crypto market as key signals begin to line up. Ethereum recently tested the price level of $1,800, a zone that has attracted the attention of both technical analysts and chain researchers.

A combination of chart formations and blockchain data now suggests that a reversal trend may be in the offing. The $10,000 roadmap is getting clearer each week.

Price action and a data point on the chain to a potential floor

Ethereum continues to trade in a well-defined ascending triangle on the weekly chart. The recent move towards $1,800 is perfectly aligned with the rising trend line support of the triangle.

This kind of response at the core structural level has great weight for analysts. It suggests that the market is defending a critical price floor rather than breaking below it.

Data on chains add further support to the underlying theory. The MVRV ratio recently dropped below 0.8, a historically unusual reading for Ethereum.

Previous instances of this level preceded some of the largest bull runs in the property's history. Analysts refer to this limit as the “Overall Buy” zone.

The timing of this reset on the chain is particularly interesting. It happened just as we tested the triangle trendline support price on the chart.

The fact that both signals meet at the same price point only strengthens the case. Such alignment across different analytical frameworks rarely happens by chance.

Ali Charts said in a recent post that this combination is the strongest it has been for some time. The analyst pointed to the $1,800–$2,000 range as a prime place to stock up.

Dips into this zone should be viewed by market participants as buying opportunities. This view holds until the $1,800 floor is structural.

The $10,000 roadmap goes through these key steps

The road map to $10,000 starts with a renewal of the $2,356 resistance level. This is the first confirmation that Ethereum has moved out of its storage level.

A sustained move above this indicates a transition to a true bull market expansion. Without clearing this stage, the recovery will remain at an early and uncertain stage.

The next targets on the roadmap are set at $2,647 and $3,639. These mid-term levels correspond to the MVRV price bands that previously served as popular resistance.

Breaking through them will ensure the broad growth in a meaningful way. Each successful level cleared adds more confidence to the $10,000 target.

Beyond the medium-term range, long-term expansion zones are mapped at $4,632 and $5,624. These areas are expected to attract increased sales activity from market participants.

A clean break on them, however, preserves the entire structure of the knee. Momentum passing through these zones accelerates the broad movement upward.

The all-time high near $4,900 remains the most critical constraint on the roadmap. A critical weekly close above it completes the ascending triangle structure.

That crash paves the way for Ethereum to reach $10,000. The bull market issue remains at this level and will eventually clear.