Ethereum’s MVRV Gap Indicates Confident Long-Term Holders

A significant gap in Ethereum’s Market Value to Realized Value (MVRV) ratio indicates strong confidence among long-term holders, particularly those who hold the cryptocurrency through staking. This metric shows a difference between the current market price of ETH and the average price at which coins were last moved on-chain. When there’s a noticeable gap, it suggests that holders have distinct views about the value of Ethereum despite market fluctuations.