Analysis: Ethereum MVRV indicator shows the price is already in a long-term bottom range
ChainCatcher news, according to analyst @alicharts, the current Ethereum MVRV (Market Value to Realized Value Ratio) has dropped to 0.78. Historically, when the MVRV ratio falls below 0.8, ETH is usually near a long-term bottom. However, the current market is still in a phase of heavy distribution.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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