Ethereum: Знак надежды на восстановление после значительного падения Ethereum: A Sign of Hope for Recovery After Significant Decline

Beginning in November, the second-largest cryptocurrency by market capitalization has seen its value decline by nearly 20%, reaching the $3000 mark for the first time in five months. However, the Mayer Multiple indicator has hinted at a potential price recovery.

This metric monitors the ratio of an asset’s price to its 200-day moving average. For the first time since June, it has dropped below 1, entering the accumulation zone.

Such levels have traditionally preceded significant periods of growth, with the exception of the bear market in January 2022.

Previously, analyst and trader Michaël van de Poppe referred to the current price levels of Ethereum as “ideal for accumulation.” He noted that the cryptocurrency shows a more stable trend compared to Bitcoin.

I stand by my thesis on $ETH. It has corrected by 30% relative to $BTC. Nonetheless, this represents an ideal accumulation zone, and it has maintained its position over the past few weeks while Bitcoin faced its worst week of 2025. I don’t believe Ethereum prices will remain at these levels for long.

As of the time of writing, Ethereum is trading near $3100. In the past 24 hours, its price has increased by 1%, yet it has dropped by 12.7% over the week.

Despite the emerging conditions for long-term accumulation, Ethereum’s short-term price movements appear unstable.

Analysts from Hyblock Capital stated that even after breaching the critical psychological level of $3000, the prices remain above several significant clusters of buy orders. Their liquidation could trigger further declines.

Here is the 1-month $ETH liquidation heatmap. We’ve swept through quite a few large (bright) long liquidation clusters. The next two below on ETH are 2904-2916, and 2760-2772.

Experts noted that “Most of the long clusters have already been cleared. The next critical zones for ETH are at $2904-2916 and $2760-2772.”

They also emphasized the practicality of a deeper correction “to form a solid foundation.”

According to Altcoin Vector, Ethereum’s liquidity has “completely reset,” a situation that has historically preceded significant price bottoms.

ETH’s liquidity has fully reset: a pattern we’ve seen before every major bottom. When liquidity collapses, it is usually followed by a multi-week bottoming phase rather than an immediate market breakdown. The correction/bottoming window remains open as long as liquidity is rebuilt. $ETH is back in that…

Experts highlighted that such consolidation often leads to a protracted period of stability rather than an abrupt market crash.

They believe the potential for correction remains until liquidity begins to recover. Should capital flow into the market in the coming weeks, Ethereum could enter a new growth phase.

Without support, prices are likely to remain range-bound, increasing the risk of a deeper correction.

Analysts from Santiment noted that the asset is primed for a turnaround. They indicated that this was suggested by the active selling observed among small investors.

In the past month, this category of Ethereum holders has sold off 0.9% of their holdings.

“Historically, prices move in the opposite direction of retail investor actions. Therefore, the ongoing panic selling is seen as a positive signal for market recovery,” the experts explained.

Investor Ted Pillows believes that for the second-largest cryptocurrency to regain bullish momentum, it must establish itself above the $3200 level. If this occurs, the next targets could be $3400 and $3600.

Recall that BitMine’s head, Tom Lee, predicted Ethereum would replicate Bitcoin’s “supercycle.”