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Ethereum News Today: Ethereum's 3-Day Drop: Will the Next Move Be Upward or Signal a Downtrend?

Ethereum News Today: Ethereum's 3-Day Drop: Will the Next Move Be Upward or Signal a Downtrend?

Bitget-RWA2025/11/03 13:22
By: Bitget-RWA

On October 30, Ethereum's value dropped by 4.86% to $3,757.13, reaching its lowest 5 p.m. ET price since October 11, 2025, when it was at $3,700.42, as reported by a

. This decrease marks the largest single-day percentage loss since October 10, 2025, when plunged 10.48%. The cryptocurrency has now fallen for three consecutive days, accumulating a total loss of 9.08% during this period, according to the report. This three-day downturn is the steepest since the period ending October 16, 2025, when Ethereum declined by 10.09%.

Even with the recent price swings, experts highlight that Ethereum's MVRV (Market Value to Realized Value) ratio stands at 1.50, a level that has historically signaled market stabilization before major price shifts. The MVRV ratio compares the market capitalization of all ETH to its realized capitalization, which is the sum of the last transaction prices of all coins. When the ratio is above 1, most coins are valued above their purchase price; below 1 means the opposite. A reading near 1.5 is often interpreted as a neutral point, suggesting neither strong optimism nor pessimism in the market and possibly indicating conditions for a breakout, the report stated.

Ethereum News Today: Ethereum's 3-Day Drop: Will the Next Move Be Upward or Signal a Downtrend? image 0

Ethereum's monthly returns have also worsened, with a 10.39% decline since the beginning of October. This positions the asset for its weakest monthly performance since March 2025, when it dropped 18.10%. Nevertheless, Ethereum is still up 12.33% for the year, despite being 24.18% below its record intraday high of $4,955.23 reached on August 24, 2025, according to Morningstar. Over the past 52 weeks, the token has seen significant movement, rising 49.20% from its October 31, 2024, price of $2,518.23 and standing 165.19% above its 52-week low of $1,387.85 recorded on April 9, 2025.

Intraday price swings have become more pronounced as well, with Ethereum touching a low of $3,680.41—the lowest since October 17, 2025. The 6.81% drop within the day was the sharpest since October 14, 2025, when the token fell by 9.09%, the report mentioned. Market participants are now watching closely to see if the MVRV ratio's neutral position will persist or if upcoming price movements will trigger a decisive shift toward either a bullish or bearish trend.

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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