Ethereum's native token, Ether, fell below $2,000 on March 10, stranded by a struggle to regain that psychological level. The price dropped to a four-year low of $1,752 on March 11, with projections of a possible further 15% decline. For the first time since February 2023, Ether is below its realized price of $2,054, resulting in unrealized losses for all holders. The market's MVRV ratio, now at 0.93, signals an average loss of 7% for holders. Additionally, Ethereum's total value locked (TVL) dropped to $45.6 billion, a decrease of 41% from its peak in December 2024, while user fees dipped to the lowest level since July 2020. Analysts observe that Ethereum's price floor might range between $1,600 and $1,900, with the accumulation of ETH around $1,900 suggesting a possible support level if markets consolidate. In this context, the $1,600-$1,900 range is perceived as attractive, with a potential upside target of $2,500 if recovery occurs. However, investors are cautioned to perform their own research before making any trading decisions.

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