#ETH's last line of defense is being tested.
27 Dec 2025, 13:15
📊 #ETH’s last line of defense is being tested. Three key on-chain metrics — MVRV Z-Score, Market Cap Growth Rate, and Delta Growth Rate — are all at critical support levels. If these supports break, it would indicate speculative capital leaving the market, raising the likelihood of ETH trading below $2,000 amid increasing supply and weakening demand into 2025. The on-chain structure remains fragile, necessitating close monitoring.