Ethereum MVRV Falls Into 0.8–1.0 Range as ETH Dips Below Realized Price

Ethereum moved into an MVRV band that some analysts tie to long-term market lows after ETH fell under its realized price for the first time in two years. On Thursday, Ali Martinez said the MVRV ratio has slipped into the 0.8–1.0 zone, a setup he noted has preceded large rebounds in past cycles. Glassnode also reported on March 11 that ETH’s realized price was $2,058.04 with MVRV at 0.93, while ETH later traded at $2,139 at press time.