"Ethereum MVRV Reaches 0.87... Lowest Since December 2022"

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Summary

"Ethereum's MVRV ratio has reached 0.87, marking the lowest point since December 2022."
"IntoTheBlock reported that it is rare for the Ethereum MVRV indicator to drop below 1, indicating a good time to buy."
"Currently, the price of Ethereum is $1489, down **16.72% from 24 hours ago."

The MVRV (Market Value to Realized Value) ratio of Ethereum (ETH) has reached its lowest point since December 2022.

On the 7th (local time), IntoTheBlock announced on X, "Ethereum's MVRV has reached 0.87," stating "This is the lowest point since December 2022."

Previously, IntoTheBlock mentioned, "It is rare for the Ethereum MVRV indicator to drop below 1. It's a good time to buy."

As of 5:27 PM, Ethereum is trading at $1489 on the Binance USDT market, down 16.72% from 24 hours ago.

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