Ethereum’s “Secondary Bull Run” Is Here, Quant Explains Why

Quick Summary:

A quant has explained how Ethereum is now in its secondary bull run phase according to the trend in this popular on-chain indicator.

With the latest surge in the cryptocurrency, the MVRV Ratio has again witnessed a reversal to the upside.

When the value of the metric is greater than 1, it means the market cap outsizes the realized cap.

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets: Hungary

Topics: Ethereum Ethereum Bullish Ethereum MVRV Ratio ETHUSDT ETH Ethereum Secondary Bull Run Ethereum Bull Run

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 06:30:34 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 449 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Bitcoinist

News ID: 23938872

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 10 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 8 hours ago

Coverage Areas: Hungary

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Publisher ID: #105

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