Ethereum ETFs and MVRV Growth Suggests ETH Dominance in Altcoin Season

Quick Summary:

Ethereum market value to real value (MVRV) is outpacing Bitcoin and other assets ahead of the anticipated altcoin season.

This metric points to increased positive fundamentals in the market amid the decline in prices sparked by a fall in sentiments.

The initial approval saw its price soar 22% before falling alongside the market.

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Article Details

Author / Journalist: David Pokima

Category: Crypto

Markets: India

Topics: 24/7 Cryptocurrency News Altcoins Altcoin News Ethereum ETFs Ethereum (ETH)

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-19 @ 23:59:36 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 37 lines

Sentence Length: 10 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 21316098

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 9 hours ago

Coverage Areas: India

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