Crypto: 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.

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

Ether’s MVRV Z-Score has dropped into the accumulation zone, suggesting that ETH has bottomed.

Ether’s multiyear trend line around $1,800-$1,900 holds as support.

Ethereum's volatility has seen a sudden spike, suggesting that the market is entering a period of intense activity and strong repricing, according to data from CryptoQuant.

Volatility is a metric used to determine how much and how quickly Ether’s price fluctuates over a given period.

Related: ETH options turn bearish as traders prepare for extended Ether price downside

The chart below shows that the realized volatility (30-day) indicator on Binance rose sharply to 0.97 on Thursday from 0.37 in mid-January.

A spike in realized volatility to such high levels indicates that the “market has emerged from a period of relative calm and entered a highly volatile environment,” CryptoQuant analyst Arab Chain said in a Quicktake analysis, adding:

Source: CoinTelegraph