According to Odaily Planet Daily, Glassnode published a post on the X platform stating that as Ethereum hit a new all-time high, its MVRV (market capitalization to realized value) ratio has climbed to 2.15. This means that investors are holding approximately 2.15 times unrealized gains on average. This level is similar to market structures in March 2024 and December 2020, both of which foreshadowed subsequent periods of higher volatility and profit-taking.