Ethereum's Market Value to Realized Value Ratio Hits Lowest Since 2022

According to Odaily, the market value to realized value (MVRV) ratio of Ethereum has dropped to 0.87, marking its lowest point since December 2022. The MVRV is a crucial indicator for assessing market sentiment in the cryptocurrency sector. The current figure suggests that Ethereum (ETH) may be in a relatively undervalued range.