Ethereum’s price remains pressured despite entering an 'opportunity zone' indicated by its MVRV ratio, signaling potential undervaluation. Short-term holders are currently more profitable and active, while long-term holders are shifting from accumulation to distribution, indicating weakening foundational support. Key technical levels such as $1,811 support and resistance near $2,238 and $2,509 will determine whether Ethereum can stabilize or continue to face downward pressure.

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