Glassnode: ETH MVRV reaches 2.15, or approaching a high volatility phase

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Glassnode data shows that as Ethereum hit a new high, ETH's MVRV ratio rose to 2.15, meaning that the average investor holds about 2.15 times their unrealized gains. This level is similar to the market structure in March 2024 and December 2020, both periods of high volatility and concentrated profit-taking.

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