The MVRV dropping below 0.8 is a pretty critical signal; seasoned investors should understand.

Crypto market analysts point out that Ethereum's price has once again become a focus of attention, with on-chain data indicating long-term accumulation ranges. MVRV has fallen below the 0.8 valuation band, which is often associated with strong accumulation, and long-term investors pay more attention to on-chain data. CW disclosed that leveraged long positions are approaching high levels, while shorts have slightly increased; whale addresses are increasing long positions, retail traders are cautious, and the market may enter another accumulation phase.