Just In: The LNET organization is promoting an international standard under the ISO framework to unify the connectivity of digital wallets across blockchain networks.
View Original
GateNews
Analysis: The Ethereum MVRV indicator shows that the price has entered a long-term bottom zone.
ChainCatcher message, according to analyst @alicharts, the current Ethereum MVRV (Market Value to Realized Value ratio) has dropped to 0.78. Historically, when the MVRV ratio falls below 0.8, ETH is usually near a long-term bottom. However, the market is still in a phase of heavy distribution.
@alicharts suggests that if selling pressure continues, the potential support levels are: $1800, $1584, $1238, and $1089.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Just In: The LNET organization is promoting an international standard under the ISO framework to unify the connectivity of digital wallets across blockchain networks.
@alicharts suggests that if selling pressure continues, the potential support levels are: $1800, $1584, $1238, and $1089.