Ethereum’s native token, Ether (ETH), witnessed its lowest weekly close since November 2023, highlighting just how much the top altcoin has struggled over the past few months.
Ethereum 1-day chart. Source: Cointelegraph/TradingView
In the past 83 days, it declined by 51%, translating to an average daily loss of approximately 0.61%. If the losses are compounded daily, the rate increases to about 0.84%.
Ethereum exchange outflows hit 27-month high
According to IntoTheBlock, a crypto analytics platform, Ethereum witnessed significant outflows worth $1.8 billion over the past week. It was the highest weekly outflow since December 2022, and in an X post, the platform added,
“Despite ongoing pessimism around Ether prices, this trend suggests many holders see current levels as a strategic buying opportunity.”
Ethereum net flows on aggregated exchanges. Source: X.com
Fellow onchain data provider CryptoQuant paints a similar picture. The 30-day simple-moving average of Ethereum netflows dropped to roughly 30,000 ETH last week, which was last recorded toward the end of December 2022.
Exchange exchange total netflows. Source: CryptoQuant
Likewise, Ethereum’s MVRV (market value to realized value) ratio dropped to 0.8 for the first time since Oct. 18, 2023, as observed in the chart.
Related: Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares
The MVRV ratio is a metric that calculates ETH’s market price to the average price at which all ETH in circulation was last moved.
Ethereum MVRV ratio. Source: CryptoQuant
An MVRV ratio below 1 indicates undervaluation, signaling a potential buying opportunity. For context, when the MVRV ratio dropped to 0.8 on Oct. 18, 2023, Ether registered a local bottom near $1,600, followed by a bullish reversal and the beginning of the 2024 bull run.
Is the Ethereum bottom in?
Ether price is currently consolidating near its psychological level at $2,000, following a steady correction since the beginning of 2025.
With respect to this intraday price action, Mikybull, a technical analyst, points out that Ethereum is “showing a bullish reversal” with a diamond price…
..
