Finance

Ethereum’s Price Dip: Is Now the Time to Buy ETH?

Ethereum entered an “opportunity zone” after a 15% drop, with indicators suggesting a potential bullish reversal.

November 6, 2025, 3:43 PM

Physical Ethereum coin resting on a smartphone screen displaying a red and green trading chart.

A physical Ethereum coin sits on a phone screen showing a volatile cryptocurrency trading chart. By DUSAN ZIDAR / Shutterstock.com.

Executive Summary

Ethereum has entered an “opportunity zone” for the first time in five months following a 15% price decline.

Technical indicators, including the 30-day MVRV ratio and an RSI near 30.0, suggest a potential market reversal and investor accumulation.

For a bullish recovery, Ethereum needs to reclaim the $3,800 level, while a drop below $3,367 could invalidate the recovery thesis.

The Story So Far

Ethereum has recently experienced a significant 15% price decline, pushing its value to levels where key technical indicators, such as the Market Value to Realized Value (MVRV) ratio and the Relative Strength Index (RSI), suggest it has entered an “opportunity zone” and is nearing oversold conditions, historically signaling a potential market reversal and accumulation phase.

Why This Matters

Ethereum’s recent 15% price decline has placed it in a technical “opportunity zone” and near oversold conditions, according to key indicators like the MVRV ratio and RSI. This suggests that selling pressure may be subsiding, potentially signaling a period of investor accumulation at discounted prices. As a result, market analysts are anticipating a possible bullish reversal and price rebound for the second-largest cryptocurrency, provided it can hold critical support levels.

Who Thinks What?

Technical analysis suggests that Ethereum has entered an “opportunity zone” and is nearing oversold conditions, indicating a potential market reversal and a shift towards investor accumulation.

For a bullish recovery, Ethereum must reclaim the $3,800 level, with key resistance points at $3,489 and $3,607.

A drop below the $3,367 support level would invalidate the potential bullish thesis, prolonging Ethereum’s consolidation phase.

Ethereum (ETH) has entered an “opportunity zone” for the first time in five months, according to technical analysis, following a steep 15% decline over the past week. This significant drop has dragged the second-largest cryptocurrency to levels not seen in months, but key indicators now suggest the possibility of a market reversal and a shift towards investor accumulation.

Technical Indicators Signal Reversal

The 30-day Market Value to Realized Value (MVRV) ratio indicates that Ethereum is now within the “opportunity zone,” typically defined between -10% and -20%. Historically, this range has marked periods where selling pressure subsides as investor losses deepen, often leading to accumulation at discounted prices. Previous entries into this zone have frequently preceded ETH price rebounds.

Further supporting a potential optimistic outlook, Ethereum’s Relative Strength Index (RSI) is currently hovering near 30.0. An RSI at this level suggests the asset is approaching oversold conditions, a point where selling momentum typically weakens and buyers tend to re-enter the market. A further dip below the 30.0 RSI could trigger a strong technical rebound.

Price Outlook

Currently trading at $3,397, Ethereum faces a critical juncture to recover its recent losses. For a bullish recovery, ETH must reclaim the $3,800 level, which previously served as a crucial support zone. Resistance levels to watch are $3,489 and $3,607, with a target of $3,802 if momentum strengthens.

Key Takeaways

The confluence of Ethereum’s MVRV ratio signaling an “opportunity zone” and its RSI nearing oversold territory suggests a potential bullish reversal in the near term. However, a drop below the $3,367 support level could invalidate this thesis, prolonging the cryptocurrency’s consolidation phase.