Potential strong price increase: Ethereum’s MVRV is signaling a potential strong price increase approaching, with the actual price trend indicating a new phase with sustainable growth.
Historical patterns show second peak: Historical models indicate that the second peak in the cycle could significantly exceed the first peak, similar to previous bullish phases.
Importance of MVRV index: The MVRV index is currently showing bullish momentum, with high ratios potentially indicating overvaluation, while lower ratios suggest undervaluation.
Probability of surpassing current highs: Ethereum’s performance in 2023-2024 appears to repeat established patterns, suggesting a strong likelihood of surpassing current highs.
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