Blockchain analysis platform IntoTheBlock reported that Ethereum’s Market Value to Realized Value (MVRV) ratio dropped to 1.01 on March 4, reaching its lowest point since October 2023, when the asset was priced under $1,600.
Ethereum MVRV (Source: IntoTheBlock)
The MVRV ratio measures whether Ethereum is trading above or below its realized value, providing insights into market sentiment. A low ratio suggests long-term holders view the asset as fairly valued or undervalued.
CryptoQuant analyst MAC_D explained that the level often signals a buying opportunity, as the price aligns with the average acquisition cost of most holders, including institutional investors. Historically, such conditions have preceded notable price recoveries during bullish phases.
Ethereum MVRV and Price Performance. (Source: CryptoQuant)
MAC_D also noted that another key indicator is the sharp rise in accumulation addresses — wallets that have consistently received ETH but never moved their holdings. This tre
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