Summary
- The Ethereum MVRV ratio falling below 1 was reported to be a rare phenomenon.
- The current MVRV ratio of 0.9 is an indicator typically seen in bear markets, they added.
- They stated that "historically, buying Ethereum when MVRV is below 1 has been advantageous."
Ethereum (ETH) MVRV (Market Value to Realized Value) ratio has fallen below 1.
On the 18th (local time), IntoTheBlock announced via X that "Ethereum's MVRV ratio has reached 0.9," adding that "this is a rare phenomenon, typically an indicator seen in bear markets." They further added, "Historically, buying Ethereum when MVRV is below 1 has been advantageous."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
