Krutika Adani
Ethereum's MVRV ratio shows it is poised to dominate the market in gains if an altcoin rally happens.
Ethereum MVRV is higher than Bitcoin after a jump of 29%, taking it to 92%, compared to Bitocin’s MVRV, which fell 10% to reach 127%.
Despite the high MVRV ratio, Ethereum is not overvalued. It may soon enter a rally.
MVRV is the ratio between a cryptocurrency's Market Value (market cap) and its Realized Value (sum of all profits and losses).
Traders and investors rely on the ratio to identify undervalued (low MVRV) and overvalued (high MVRV) cryptocurrencies.