Ethereum Drops Below 1,846, Solana Faces DeFi Challenges, While Unstaked Gains Spotlight at $0.006695
Ethereum’s slide to around 1,846 has put fresh attention on on-chain signals. The biggest sign is that ETH has dropped below its lower MVRV band, a level that often signals a good time to buy. Analyst Ali Martinez highlighted that these dips have marked strong entries since 2016.
Exchange data backs this up. Lookonchain reports whales are buying big, with Metalpha alone grabbing $50 million in ETH this month. Other large holders have pulled millions more from exchanges like Gate.io and Bybit, showing that major players see this price as a deal.
Technical patterns are also lining up. Ethereum is moving inside a falling wedge, usually seen as a bullish sign. Open interest has jumped nearly 4% in a day, and trading volume is starting to climb. If Ethereum breaks above $1900 and $1913, it could kickstart new momentum for long positions.
Still, for new buyers seeking big upside, ETH may offer less explosive gains compared to faster-moving opportunities like Unstaked.
