ChainCatcher message, Glassnode stated on social media that as Ethereum reached an all-time high, its MVRV ratio has risen to 2.15. This means that on average, investors are currently holding more than 2.15 times unrealized gains.

This level is similar to the market conditions in March 2024 and December 2020—both of which were followed by a phase of increased volatility and intensified profit-taking.