This Ethereum Metric Is Retesting The Bear-Bull Junction, Will Break Happen? | Headlines | News | CoinMarketCap
10/06/2023 01:15
On-chain data shows the Ethereum MVRV ratio is currently testing a level that has historically served as the boundary between bear and bull markets.
NewsBTC14 minutes ago
Ethereum
Published on October 05, 2023 18:00 GMT+00:00edited on October 05, 2023 18:04 GMT+00:00
On-chain data shows the Ethereum MVRV ratio is currently testing a level that has historically served as the boundary between bear and bull markets.
Ethereum MVRV Ratio Is Retesting Its 180-Day SMA Right Now
The “Market Value to Realized Value (MVRV) ratio” is an indicator that measures the ratio between the Ethereum market cap and realized cap. The former is naturally just the total supply valuation at its spot price. At the same time, the latter is an on-chain capitalization model that calculates the value differently.
The realized cap assumes that the real value of any coin in circulation isn’t the spot price (which the market cap refers to) but the price at which it was last bought/transferred on the blockchain.
One way to look at the realized cap is that it represents the total …