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.

Crypto Enthusiast, DEFI believer, Father, Husband, Chef in my free time, Farcaster Enjoyor! Fren.


Technowatermelon. Elder Millenial. Building Farcaster. 

nf.td/varun

That peaceful lakeside has a refreshing atmosphere, as if one can forget all their troubles.

说白了老弟你有啥实力啊  你直接给我坐下！

wink

@wink1107