Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ETHEREUM NEWS»Ethereum’s “second bull market” has begun. Quant explains why.
ETHEREUM NEWS

Ethereum’s “second bull market” has begun. Quant explains why.

By Crypto FlexsNovember 30, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Ethereum’s “second bull market” has begun. Quant explains why.
Share
Facebook Twitter LinkedIn Pinterest Email

A quant explained how Ethereum is currently in its second bull phase following the trend of this popular on-chain indicator.

The Ethereum MVRV rate is forming a similar pattern to the last two cycles.

In a CryptoQuant Quicktake post, one analyst talked about the latest trends in Ethereum’s market value to realized value (MVRV) ratio. “MVRV Ratio” is an on-chain indicator that tracks the ratio between an asset’s market capitalization and its realized capitalization.

Realization limit here refers to a capitalization model that calculates the total value of ETH, assuming the value of each token is equal to the last traded price on the network.

In effect, this model is a measure of the sum of the cost basis of all tokens in circulation, or more simply, a measure of the amount of capital that investors have committed to the asset. In this way, the MVRV ratio indicator compares the market capitalization, which is the total value of the holder’s current holdings, with the initial investment.

If the value of the metric is greater than 1, it means that the market capitalization is greater than the realized capitalization. This trend means that investors as a whole are in a net profit situation. On the other hand, being below the threshold means that losses dominate the market.

Now, a chart shared by the analyst shows how the value of the Ethereum MVRV rate has changed over the past few years.

The value of the metric appears to have sharply been moving up in recent days | Source: CryptoQuant

As you can see in the graph above, the Ethereum MVRV ratio soared to relatively high levels during the first quarter of this year as the price continued to rise. However, after the downward trend, the indicator cooled again and returned to the neutral 1 level.

With the recent surge in cryptocurrencies, the MVRV rate has seen an upward reversal again. Interestingly, this same phenomenon has also been observed in the last two bull markets, as the quant charts.

Both of these runs appear to have involved two phases with the Ethereum MVRV rate rising to extreme levels and a cooldown occurring between the two phases.

If the current cycle looks similar, the rally earlier this year could be the first step, with the most recent rally likely to serve as the second step.

In both previous cycles, the second bull market pushed the price to noticeably higher levels than the first cycle, so Ethereum may soon surpass its early-year highs. Of course, this only applies if this pattern holds for the current cycle.

ETH price

As of this writing, Ethereum is trading at around $3,600, up nearly 8% over the past week.

Ethereum price chart

Looks like the price of the coin has been on the rise recently | Source: ETHUSDT on TradingView

Dall-E, featured image from CryptoQuant.com, chart from TradingView.com

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Next chapter of ecosystem support program

August 31, 2025

Kindly, MD’s $ 5B Bitcoin Play comes as DATS raises fear of wider Altcoin fluidity.

August 27, 2025

Bitcoin News Today: Ether (ETH) is 5K $ 5K and BTC Eyes is recorded as Powell Sparks Rally. DAT transaction risk: Be careful with asset managers

August 23, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025

TOKEN2049 Singapore stops all records with the world’s largest Web3 event with 25,000 attendees in unprecedented demand.

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Simultaneously Mine Dogecoin (DOGE), Ripple (XRP), And SOL

September 3, 2025

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Bybit Card Launches In Europe With Unmatched 20% Cashback

September 3, 2025

GiftlyCard.com Recognized As Verified And Secure By Independent Review Sites

September 3, 2025

Embodying “Simple Mining, Smart Gains” For Effortless Crypto Accumulation

September 3, 2025
Most Popular

Mega Bank says Ethereum price could reach $14,000. Here’s why:

March 20, 2024

Is Lazarus Group the biggest threat to cryptocurrencies in this bull market?

March 20, 2024

Bitcoin Recovery Stagnates, But SOL, DOT, NEAR, KAS Can Recover

July 7, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.