Still Time to Cash In On the Ethereum Dip? MVRV Says Yes

🥳 Ethereum has nearly scraped $3,500 again after threatening to fall below its$3,000 support just 20 hours ago. Traders active in the past 30 days show an average return of -12.8%, indicating there is still a severe level of pain and room to continue rising until it rises back to its 0% sum average.

🗓️ From a longer term perspective, traders active in the past 365 days have also fallen back into the negative territory at -0.3%. When both the short-term and long-term MVRV's for an asset sit in negative range, this historically signals a strong opportunity to buy at low risk while there is 'blood in the streets'.

🔖 Keep track of some of your favorite assets and see when they are becoming overvalued (MVRV's are positive) or undervalued (MVRV's are negative). Bookmark this handy MVRV chart, and see what others in crypto can't.

Not financial advice. DYOR.