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Ethereum Updates: BitMine Anticipates Ethereum Rebound Despite Indicators Pointing to a Fall Below $2,000
Bitget-RWA2025/11/26 04:30
By: Bitget-RWA
- Ethereum’s MVRV metrics signal a potential 28% price drop below $2,000, citing historical patterns in 0.8x RP band breaches. - BitMine plans to stake 3.55M ETH via MAVAN and announced a $0.01 dividend, betting on Ethereum’s discounted recovery despite $4B unrealized losses. - Europe’s 3x leveraged ETFs and NUPL nearing 0.25 threshold amplify volatility, risking deeper bearish trends as ETH struggles to defend $3,000.
Ethereum's on-chain indicators are signaling a possible drop below $2,000, with experts
referencing previous trends
in the MVRV Pricing Bands to forecast a 28% decrease from current prices. This indicator, which uses the MVRV ratio and Realized Price (RP), has reliably marked market bottoms when Ethereum
falls under the 0.8x RP band—a level now set at $2,007.08 based on recent figures
. This scenario played out in June 2022, December 2022, and March 2025, implying a similar trend could occur as ETH
is currently trading at $2,820 according to research
. The Realized Price, reflecting the average acquisition cost of all circulating ETH,
is now $2,508
. Although holders are still in profit, a further decline below $2,500 could result in widespread losses and speed up ETH's descent toward $2,000 as market statistics indicate
. Such a move would mirror broader market instability, as both Bitcoin
and Ethereum dropped over 20% in November during a $19 billion liquidation event on October 10 as reported by crypto analysts
. During this downturn, BitMine, the leading Ethereum treasury, has chosen a different strategy. The company
revealed intentions
to introduce the Made in America Validator Network (MAVAN) in early 2026, aiming to stake its 3.55 million ETH—worth $10 billion. Despite facing $4 billion in unrealized losses, BitMine chairman Tom Lee considers the current market weakness a "prime chance" to buy ETH at lower prices according to company executives
. BitMine has also issued its inaugural $0.01 dividend
per BMNR share, reflecting optimism for a long-term rebound. 
At the same time, the introduction of 3x leveraged Bitcoin and Ethereum ETFs in Europe has increased market swings. Leverage Shares' latest offerings on the SIX Exchange
provide heightened exposure
to digital assets just as BTC
and ETH have fallen 13% and 14% respectively over the past week. Market watchers caution that these leveraged products
could intensify liquidations during turbulent periods. The vulnerability of the crypto sector has been underscored by recent incidents, such as
a front-end exploit
targeting Aerodrome Finance and the failure of MegaETH's $1 billion token sale due to technical glitches as per industry updates
. These events highlight the increasing risks for investors as the industry faces regulatory ambiguity and economic challenges. On-chain data points to continued bearish pressure for Ethereum. The NUPL indicator, which measures unrealized gains and losses,
is nearing the 0.25 mark
—a zone historically linked to panic selling. Should ETH fail to hold above $3,000, it may drop toward $2,814, further worsening the negative outlook according to financial metrics
. Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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