Ether (ETH) price is up 18% since plunging below the $1,800 mark on Feb. 6, reclaiming the $2,000 support level. Surging price volatility and a low MVRV Z-score value are also signaling a local bottom forming.
Key takeaways:
Ether realized volatility on Binance has risen to its highest level since March 2025, hinting at a potential recovery.
Ether’s MVRV Z-Score has dropped into the accumulation zone, suggesting that ETH has bottomed.
Ether’s multiyear trend line around $1,800-$1,900 holds as support.
Ether’s volatility hits 12-month highs
Ether’s volatility has seen a sudden spike, suggesting that the market is entering a period of intense activity and strong repricing, according to data from CryptoQuant.
Volatility is a metric used to determine how much and how quickly Ether’s price fluctuates over a given period.
Related: ETH options turn bearish as traders prepare for extended Ether price downside
The chart below shows that the realized volatility (30-day) indicator on Binance rose sharply to 0.97 on Thursday from 0.37 in mid-January.
A spike in realized volatility to such high levels indicates that the “market has emerged from a period of relative calm and entered a highly volatile environment,” CryptoQuant analyst Arab Chain said in a Quicktake analysis, adding:
“Past experience has shown that such readings have often preceded a significant upward move in Ethereum’s price.” Ether price volatility on Binance. Source: CryptoQuant
The last time the volatility was this high was late March to early April 2025 as ETH price formed a bottom range of $1,500 to $1,700.
After that, the ETH/USD pair rallied 77% to $2,700 in less than 30 days. A similar spike in Q4/2024 preceded a 74% rally in Ether’s price.
If history repeats itself, this spike in volatility could mark the end of the downtrend, setting up ETH for a multimonth rally once volatility normalizes and conviction builds.
MVRV Z-Score suggests Ether bottomed below $1,800
Ether’s MVRV Z-Score, one of the most popular onchain metrics used to identify market tops and bottoms, has dropped into the historical accumulation zone (the green…
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