Ethereum volatility index dips below 50 as ETH holds near $2,000, eyeing $2,200

Ethereum (ETH) has been hovering around the $2,000 area, a level it has stayed above since May 2025, as its volatility metrics slide to multi-year lows. The Ethereum volatility index fell under 50 for the first time since early 2024, while weekly indicators point to historically muted conditions that previously preceded sharp moves. Analysts note a potential upside shift would require a close above the middle Bollinger Band near $2,200, though some market participants warn the setup may not play out the same way this time.