Ethereum (ETH) is showing signs of entering an “opportunity zone” according to crypto analytics firm Santiment. This is revealed by ETH’s 30-day market value- to-realized value (MVRV) ratio, which traders use to detect overbought and oversold conditions. Currently, the metric is moving out of the “danger zone” and towards “opportunity zone,” an area where ETH prices have historically bottomed out.

MVRV is the measure of current market cap divided by realized capitalization, which is the value of ETH held at the price they were bought. Meanwhile, MVRV 30-Day looks at this ratio of tokens that have moved at least once in the past month. With the revelation of the current trends, Santiment is pointing out a significant correlation seen before.

It turns out that Ethereum Foundation's transfer of 14,999 ETH to Kraken over the weekend synced up with ETH’s local price peak. Furthermore, the last three times a significant amount of ETH left the Ethereum Foundaion wallet, there was a simultaneous local price top. Previous Ethereum Foundation transactions did not indicate price tops. Looking back at the crypto, Ethereum is up 1.86% and trading at $1,831 at the time of writing.

Analytics firm Santiment is making an argument that Etheruem is entering an “opportunity zone” due to the significant changes reflected by the MVRV 30-Day metric. Whale transfers and Foundation transactions seem to be an indicator of the local price top, and generally, the trend has been going upwards in the past day. While this is not necessarily an indicator that one should be bullish or bearish, it is valuable information to consider when making investment decisions.



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