Ethereum reclaims $2K as volatility spike backs ETH price recovery

Ethereum’s looked bullish, with onchain data showing that the ETH price may have hit a macro bottom as a key support level holds.

Ethereum (ETH) price is up 18% since plunging below the $1,800 mark on Feb. 6, reclaiming the $2,000 support level. Surging price volatility and a low MVRV Z-score value are also signaling a local bottom forming.

Key takeaways:

Ethereum realized volatility on Binance has risen to its highest level since March 2025, hinting at a potential recovery.

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