ETH MVRV hits lowest level since December 2022

The market value to realized value (MVRV) of Ethereum (ETH) has just hit 0.87, marking the lowest level since December 2022, according to crypto market intelligence platform IntoTheBlock on X. Earlier, crypto analyst Burak Kesmezi noted that a dip below 0.8 in the price of ETH would be an aggressive buying opportunity.