31 January 2025
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Ethereum MVRV Ratio Falls Below 160-Day Moving Average
The Ethereum Market Value to Realized Value (MVRV) Ratio has indicated potential bearish signals for ETH's price. Key points include:
- Ethereum MVRV Ratio has recently fallen below its 160-day moving average.
- MVRV Ratio tracks the relationship between Ethereum's market cap and realized cap, reflecting investor capital.
- A ratio above 1 indicates unrealized gains; below 1 suggests holders are at a loss.
- The current MVRV Ratio remains above 1, indicating overall market profitability.
- The recent decline suggests possible price corrections, similar to a previous 40% drop last year after a similar crossover.
As of now, Ethereum trades around $3,200, having increased by over 2% in the past week.