In a new report, Crypto analytics firm Santiment says Ethereum’s MVRV (market value to realized value) is putting ETH in a vulnerable spot. MVRV compares an asset’s total market cap to its realized value and can be used to time market tops and bottoms. The firm says Ethereum’s MVRV is hovering at a high-risk area. “Ethereum short-term 30d MVRV seems to be close to a very ‘difficult’ level around 10%, but there is room to grow till around 25%. On longer-term 365d MVRV, we are already super high, super overvalued, very risky zone”, said the report.

By Amy Liu