IntoTheBlock: Ethereum MVRV Ratio at Bear Market Levels

BlockBeats News, March 18th, according to IntoTheBlock data, Ethereum's MVRV Ratio is about 0.9, which is at a bearish level.

BlockBeats Note: MVRV is an indicator used to compare an asset's current market value to its realized value, providing insights into whether the asset is overvalued or undervalued.

This indicator helps identify points of market sentiment extremes – whether the asset's trading price is above or below the average investor's buy-in cost. When the MVRV value is high, it usually indicates the asset is overvalued and may enter a profit-taking phase; while a low MVRV value typically suggests undervaluation, presenting a buying opportunity.