Ethereum faces one hurdle on its way to new highs per on-chain data ETH Crypto $ETH
The 30-day MVRV ratio is at -11.12%, indicating that Ethereum is trading in the"opportunity zone." The lower the MVRV ratio, the more likely it is that prices will rise.paid during the year. Ethereum showed adoption in almost every metric: total value locked in DeFi, active addresses on the network, OpenSea volume and application developer activity all increased exponentially.reported, according to a JPMorgan analyst study.
''If the loss of its NFT share starts looking more sustained in 2022, that would become a bigger problem for Ethereum's valuation,'' as per JPMorgan.
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