TLDR
- Ali Charts said ETH daily SuperTrend turned green for the first time since May last year.
- ETH stayed inside a weekly ascending triangle, with $1,800 marked as the key support level.
- Ethereum’s MVRV Ratio moved into the 0.8 to 1.0 range on March 19, a level called a “Buy Zone.”
- The Ethereum Foundation said L1 stays the settlement and DeFi layer, while L2s shift toward custom services.
- NeelMacro said silver fell 50% from $121 to $61 and cited ETH trading near $2,150 after a rotation call.
Ethereum may be nearing a break from months of sideways trade as the $1,800 support level stays in focus. Recent posts on X pointed to a bullish daily trend shift and a reaction near a weekly rising trendline. Ali Charts said a wider uptrend could start if buyers keep Ethereum above $1,800. The setup also arrived as the Ethereum Foundation set out its next steps for L1 and L2.
Daily trend turns higher while support stays in focus
Ali Charts said Ethereum’s daily SuperTrend turned green for the first time since May 2025. That shift followed what the analyst called a long “sideways grind” in price. This was the first bullish daily reading in about ten months. A clean hold above support could end the range that shaped ETH trading for months.
The analyst said momentum was moving back to bulls as ETH traded near a major support zone. The $1,800 area remained the main level to watch in the near term. On the weekly chart, ETH was said to stay inside an ascending triangle. The triangle has framed price action on the weekly chart for an extended period.
Ali Charts said the recent move toward $1,800 matched the rising trendline of that structure. That reaction kept the broader setup intact. The post said a new uptrend could begin if the support level holds. That view kept attention on price behavior around $1,800.
MVRV reading returns to a long-term buy area
Ali Charts also said Ethereum’s MVRV Ratio moved into the 0.8 to 1.0 range on March 19. The post called that band a generational “Buy Zone” after a broad fair value reset. The MVRV Ratio compares market value with the average investor cost basis. The range was presented as a fair value reset after the recent market pullback.
The analyst said past recoveries from this range produced gains of 150%, 5,390%, 130%, 280%, and 250%. Those figures were listed as prior moves from similar MVRV readings. The post said the setup placed Ethereum near long-term fair value. It also described the area as an accumulation window for longer-term investors.
The post tied that view to a 12 to 24 month investment horizon. That approach focuses on cost basis rather than short-term price swings. The post did not claim a confirmed bottom. Still, it added another bullish data point around the $1,800 zone.
Foundation sets L1 and L2 path as traders watch rotation
The Ethereum Foundation also published a fresh view of the network’s base layer and rollups. It said L1 will remain the global settlement layer and the main hub for DeFi. The post said L2 networks are moving beyond pure scaling and toward custom services. That change placed more focus on security, cross-chain use, and user experience.
It asked L2s to reach at least Stage 1 security and move toward Stage 2. The Foundation also pointed to synchronous composability and “native rollups” as future goals. It backed more L1 and Blob scaling, with Blobs said to be about 30% full. That figure points to remaining room in current data capacity.
The Foundation also placed focus on cross-chain fragmentation in the multi-chain market. In a separate post, NeelMacro compared that backdrop with a weaker silver setup. The account said silver fell 50% from $121 to $61 after its 2024 peak. It also said some investors rotated toward Ethereum near $2,000, with ETH later trading near $2,150.
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