Ethereum MVRV Stuck at 1.20–1.25? Why This Signals the Bull Run Isn’t Over Yet
Ethereum's Market Value to Realized Value (MVRV) ratio is hovering stubbornly between 1.20 and 1.25—far from the euphoric levels that typically mark a market top. Here’s why traders aren’t hitting the panic button yet.
The MVRV Sweet Spot
Historically, Ethereum peaks when MVRV blasts past 3.0—meaning current levels suggest this isn’t even the warm-up act. Retail FOMO hasn’t kicked in, and whales are still accumulating.
What the Data Doesn’t Show
No mention of leveraged longs piling in (yet) or institutional players quietly building positions. But let’s be real—when has crypto ever followed the textbook?
The Bottom Line
Until MVRV starts mooning alongside influencer hype cycles, this market’s got legs. Just don’t tell the Wall Street guys—they’re still waiting for ‘regulation clarity.’
2.25 MVRV Emerges As Critical Exit Point For Ethereum Investors – Analyst
In an X post on July 4, popular market analyst Burak Kesmeci shares an interesting insight on the ethereum market. Using data from Tradingview, Kesmeci observes ETH has held an MVRV value between 1.20-1.25, indicating a strong market uncertainty despite investors retaining a modest profit.
As the name suggests, the MVRV (Market Value to Realized Value) ratio compares an asset’s current market value (MV) to its realized value (RV), which reflects the average price at which the asset was last moved on-chain. It is a key indicator used to assess whether an asset is overvalued or undervalued. An MVRV >1 indicates that investors are in profit, holding unrealized gains indicating significant potential for profit taking, while an MVRV
As earlier stated, the present MVRV levels between 1.20-1.25 signals Ethereum investors are presently profitable. However, Burak Kesmeci states 2.25 has emerged as a crucial psychological and technical level in the current cycle. The analyst explains that it was precisely at this point that many investors opted to lock in profits during the major price upswing in Q4 2024, effectively ending Ethereum’s rally at the time. While Kesmeci states it is unknown if Ethereum’s MVRV will return to such levels, the current standings indicate the altcoin is far from its peak price levels of the current market cycle, indicating the present price uptrend still presents room for growth before entering an overheated market phase.
ETH Price Overview
At press time, Ethereum trades at $2,520 on the daily chart reflecting a price loss of 1.35%. Meanwhile, the asset’s trading volume is down by 9.8% and valued at $16.29 billion. According to data from CoinCodex, the general Ethereum market sentiment remains neutral but with a Fear & Greed index of 73 indicating strong levels of greed. CoinCodex analysts forecast that Ethereum could trade around $2,737 within the next month, with a potential climb back to local peak levels NEAR $4,099 over the next three months, suggesting a bullish mid-term outlook despite the current cautious sentiment.
