<ul><li>A quant has explained how Ethereum is now in its secondary bull run phase according to the trend in the MVRV Ratio.</li><li>The MVRV Ratio compares Ethereum's market cap to its realized cap, indicating net profit or loss.</li><li>The MVRV Ratio for Ethereum has recently reversed to the upside, similar to previous bull cycles.</li><li>If the pattern holds, Ethereum's price might surpass previous highs and is currently trading at around $3,600.</li></ul>

Ethereum’s “Secondary Bull Run” Is Here, Quant Explains Why

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