Whales Build Positions as ETH Price Stalls Below $4,100
Ethereum (ETH) price recently surpassed $4,000 for the first time since March 2024, marking a 25% gain over the past 30 days. However, the 7D MVRV ratio, now at -1.35%, suggests short-term holders are experiencing unrealized losses, hinting at potential further downside before a recovery. Historically, ETH tends to rebound after the MVRV dips to…