<ul><li>The Ethereum MVRV Ratio, which measures the ratio between the market cap and realized cap of ETH, has fallen to 0.9.</li><li>This indicates that ETH investors are currently in a net loss, likely due to the recent price crash in the cryptocurrency market.</li><li>Historically, MVRV ratios below 1 have proven to be favorable entry points for ETH, but a rebound may take time to occur.</li><li>On-chain analysis reveals a major support block for ETH between $1,843 and $1,900 levels, suggesting robust support for the cryptocurrency.</li></ul>

Ethereum MVRV Drops To 0.9: Is This Bullish?

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