Analysis: Ethereum’s current MVRV value may indicate that the market value is slightly higher than the realized value

Odaily News Ethereum's current MVRV is around 1.2, indicating that its market value is slightly higher than its realized value. Historically, when ETH's MVRV is below 1, it usually means panic selling by investors and a favorable accumulation phase. If ETH prices fall further, it may present an upcoming buying opportunity for value investors. On the other hand, MVRV readings above 2, especially in the range of 2-3, indicate that ETH prices are overheated. At this level, ETH tends to be overstretched, suggesting that the upward trend may be approaching its peak. MVRV is an indicator that compares the current market value of an asset with its realized value, providing insights into whether the asset is overvalued or undervalued. (Tradingview)