Ethereum's MVRV ratio has surged to a new all-time high of 2.15, according to Glassnode. This metric suggests that investors are holding over 2.15 times their unrealized gains on average. Historically, similar MVRV levels in March 2024 and December 2020 preceded periods of heightened market volatility and increased profit-taking.
Ethereum MVRV Ratio Hits Record High, Signaling Potential Volatility
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