$ETH
🐃 CryptoQuant: MVRV on Ethereum points to the end of the bearish market.
The indicator fell to around 0.65, then recovered above 1. In previous cycles, a similar MVRV reset occurred near the market bottom and preceded ETH’s recovery.
MVRV is the ratio of Ethereum’s market value to its realized value. A value below 1 means that, on average, coins are in a loss; above 1 means they are in profit.
🐃 CryptoQuant: MVRV on Ethereum points to the end of the bearish market.
The indicator fell to around 0.65, then recovered above 1. In previous cycles, a similar MVRV reset occurred near the market bottom and preceded ETH’s recovery.
MVRV is the ratio of Ethereum’s market value to its realized value. A value below 1 means that, on average, coins are in a loss; above 1 means they are in profit.
