Ether Price Rebounds Above $2,100 as Bulls Defend $1,800 Level

Ether's recent price action has been a subject of interest among investors and traders. The cryptocurrency's price dropped to around $1,800, but bulls aggressively defended the level, causing the price to rebound above $2,100.

On-chain data suggests that traders may hold the price above $2,000 in the short term. According to Glassnode, Ether's Spent Output Profit Ratio (SOPR) is at 0.96, indicating that investors are still selling at a loss.

Historically, similar scenarios have preceded price recoveries. In April 2025, Ether's MVRV Z-Score fell to the current levels after a 66% price drawdown, coinciding with a macro market bottom at $1,400 and preceding a multi-month rally.