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Abbas🎩👾
@abbass.eth
Bearish ETH POV [1/3] Ethereum's price is struggling alongside other altcoins, with its future dependent on maintaining critical support levels. If these levels fail, ETH could enter a prolonged bearish phase. Recent price action suggests Ethereum may be nearing the end of its current bull market cycle. The Market Value to Realized Value (MVRV) Long/Short Difference, a key indicator, has dropped significantly from a yearly high of 55% to 2.08%. This indicates that many long-term holders have exited profitable positions. If this trend continues and the MVRV turns negative, ETH could face a bear market similar to the one in 2022.
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MattwithouttheT 🎩
@mathew
What bull market? 😭
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Abbas🎩👾
@abbass.eth
💔💔💔
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