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Ethereum MVRV Ratio Nears 160-Day MA Crossover – Accumulation Trend Ahead?

  • Ethereum is under heavy selling pressure as it loses the critical $2,000 level.
  • Concerns are growing as Ethereum fails to hold key support levels and tests long-term investor resolve.
  • The MVRV ratio is approaching a potential crossover above its 160-day moving average, signaling possible accumulation zones and offering hope for a momentum shift.
  • Bulls are defending the crucial $1,800 support level, which is crucial for preventing a potential deeper correction.

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