In-Depth Analysis: Ethereum's MVRV Ratio Signals Approach to Long-Term Bottom

Ethereum's MVRV Ratio Sends Positive Signal

Recently, analyst Ali pointed out that Ethereum's MVRV (Market Value to Realized Value) ratio has fallen to 0.78. Historical data shows that whenever this ratio drops below 0.80, ETH prices often approach long-term bottom zones.

Market Still Faces Short-Term Selling Pressure

Despite the positive signal from the MVRV indicator, Ali cautioned that the market has not yet stabilized and remains in a distribution phase. If selling pressure persists, prices may test several key support levels.

Potential Support Levels Analysis

In more extreme scenarios, ETH could potentially fall toward the following support levels:

• $1,800
• $1,584
• $1,238
• $1,089