Eth's MVRV Momentum Indicator Shows Continued Downtrend
According to Odaily, on-chain analyst Ali shared Glassnode data on X, indicating that the MVRV (Market Value to Realized Value) Momentum indicator shows ETH is still in a downtrend with no signs of reversal.

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The continued downtrend in the MVRV Momentum indicator for ETH highlights the current market challenges. Investors should stay cautious and monitor for any potential signs of recovery in the coming weeks.