ETH's MVRV indicator has dropped to 0.87, a new low since December 2022
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Planet Daily News: According to IntoTheBlock, Ethereum's Market Value to Realized Value (MVRV) ratio has dropped to 0.87, the lowest level since December 2022. The MVRV is an important indicator of cryptocurrency market sentiment, and the current value may suggest that ETH is in a relatively undervalued range.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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