Ethereum price recently hit a seven-month low, plunging below the $3,500 mark. The current market situation indicates significant pain for short-term traders, as evidenced by their average -12.8% MVRV (Market Value to Realized Value) ratio over the past 30 days. This suggests a potential buying opportunity for long-term investors who are looking to capitalize on the undervalued cryptocurrency. Ethereum’s price movement has been notable as it bounced back after a brief dip below $3,000, showcasing an increase in overall market volatility. Both short and long-term MVRV ratios currently signal a bearish sentiment for short-term traders. This situation creates an opportunity for strategic investors who see potential for growth despite the current market condition.