Ethereum (ETH) Whales Accumulate as Surge Past $4,100 Remains Delayed

Ethereum (ETH) price recently surpassed $4,000 for the first time since March 2024, marking a 25% gain over the past 30 days. However, the 7D MVRV ratio, now at -1.35%, suggests short-term holders are experiencing unrealized losses, hinting at potential further downside before a recovery. Historically, ETH tends to rebound after the MVRV dips to -4% or lower, aligning with growing whale... source: https://beincrypto.com/ethereum-whales-accumulate/