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Ethereum Enters ‘Belief Phase’ as Historical Metrics Signal Early Bull Market

  • Ethereum enters the 'belief' phase as historical metrics indicate an early bull market.
  • Long-term holder metrics suggest sustained momentum and potential price appreciation.
  • The Market Value to Realized Value (MVRV) ratio indicates Ethereum is relatively undervalued.
  • Strong technical structure and positive market sentiment support continued appreciation towards $4,400.

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