Ethereum Hits Rare MVRV Zone Linked To Past 130%+ Rallies

Ethereum has slipped into a valuation range that s

Ethereum Hits Rare MVRV Zone Linked To Past 130%+ Rallies

Ethereum Hits Rare MVRV Zone Linked To Past 130%+ Rallies

Ethereum has slipped into a valuation range that some on-chain analysts associate with major long-term bottoms, after ETH fell below its realized price for the first time in two years. Via X, renowned crypto analyst Ali Martinez argued on Thursday the setup now resembles prior cycle lows.

Ethereum MVRV | Source: X @alicharts
Ethereum Realized Price and MVRV | Source: @glassnode
ETH must overcome the 0.382 Fib, 1-week chart | Source: ETHUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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