Ethereum Falls Below Realized Price for First Time in Two Years

In Brief:

ETH dropped to $1,917.86, below its realized price of $2,058.04 for the first time since 2022.

Investors now face an average unrealized loss of 7% as the MVRV ratio falls to 0.93.

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Ethereum has dipped below its realized price for the first time in two years, according to Glassnode data. This metric, which represents the average price at which all ETH tokens were last moved on-chain, currently stands at $2,058.04, while Ethereum's market price has dropped to $1,917.86.

The decline has pushed Ethereum’s Market Value to Realized Value (MVRV) ratio to 0.93, signaling that many investors are now holding at a loss, with an average unrealized loss of 7%. A sustained period below the realized price could indicate further market capitulation or a potential buying opportunity for long-term investors.

With Ethereum struggling to reclaim key support levels, traders are watching whether macro market conditions and institutional demand can reverse the bearish momentum.

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