Ethereum price enters a historical MVRV accumulation zone as traders watch whether ETH can reclaim $1,750 support.
ETH/USDT ratio is at support, and the market knows this level.
Ethereum has staged a recovery rally pushing prices back to the $1,691 level after dipping to approximately $1,505 during the previous week. The digital asset has registered roughly 1.4% upside movement across the last 24-hour period, with trading activity confined between $1,656 and $1,713.
Ethereum has staged a modest recovery, climbing back to the $1,691 level after testing depths near $1,505 during last week's selloff. The second-largest cryptocurrency by market capitalization has posted gains of approximately 1.4% in the last 24-hour period, with price action confined to a trading corridor between $1,656 and $1,713.
Ethereum trades near $1,691 as bearish MACD and Aroon readings keep $1,500 support in focus, while BitMine adds 126,971 ETH on weakness now.
Circle has launched cirBTC on Ethereum, introducing a wrapped Bitcoin token backed 1:1 by BTC and supported by onchain reserve verification through Chainlink Proof of Reserve.
Bitmine, the world's largest Ethereum treasury, has ramped up its ETH buying during the latest crypto market correction, making the company's largest purchase of 2026 to date. Related Reading: Analyst Charts Ethereum Long-Term Roadmap To $16,000 – There's No Need To Panic Bitmine Doubles Down On Ethereum On Monday, Bitmine Immersion Technologies announced it had bought over 126,971 ETH, worth roughly $214 million, during last week's dip, marking the treasury's largest purchase so far this year.
The company now owns about 5.5 million ETH!
Ethereum price started a recovery wave above the $1,620 zone. ETH is now consolidating and struggling to continue higher above the $1,700 resistance.
BitMine Immersion Technologies ($BMNR) has drawn renewed attention in crypto-linked equities after disclosing an Ethereum (ETH) purchase, a move that investors read as a vote of confidence in the broader digital asset rebound and an effort to diversify beyond mining operations. The buy came as risk sentiment improved across the market, with Bitcoin (BTC) briefly rallying to around $63,700 amid a burst of politically driven headlines involving President Trump and heightened Middle East geopolitical tensions, according to a recent Morningstar crypto market recap.
Ethereum has reclaimed the $1,650 level after the massive drop that defined last week's market action — a recovery attempt that has provided some relief after a correction that tested the resolve of even the most conviction-driven holders. The bounce is welcome — but data from Arkham Intelligence has surfaced the trading history of a wallet that made the drop look like exactly what it was: an anticipated event rather than a surprise.
Ethereum has reclaimed the $1,650 level after the most significant drop of recent weeks carried the price to approximately $1,520 — a low that tested the structural conviction of holders across every category and time horizon.