Ethereum’s current trading territory is a pivotal point, especially given its recent performance trends. \n\n### Ethereum’s MVRV Ratio Signals Modest Optimism\nEthereum’s MVRV ratio is slightly above neutral at 1.16, hinting that holders are in bit of a profit. However, it remains under pressure from a persistent descending trendline established since 2018. \n\nAnalyst Burak Kesmeci mentions, “The visible range volume profile highlights strong historical interest between $2,100 and $2,300, making this zone critical for Ethereum’s next move.” \n\n### Geopolitical Events Impacting $ETH\nConcerns over ongoing conflicts between the U.S., Iran, and Israel led to considerable losses in the crypto market. The price of Ethereum could experience a rebound as geopolitical tensions ease. \n\n### Future Predictions for Ethereum’s Price\nEthereum must break the $2,575 resistance and maintain it to pave the way towards a possible surge to $2,850. However, without this critical momentum, a retreat to the $1,750 support could be imminent.