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Ethereum On-chain Indicator Flashes Sell Signal as Short-Term Profitability Soars, What's Next?

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Summary
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63% Informative

Ethereum ( ETH ) has flashed a sell signal as the MVRV indicator shows rising short-term holder profitability.

The 60-day MVV ratio is surging and shows a widening spread with the 180-day .

The appearance of this crossover usually highlights FOMO from traders who bought into the rally.

As the risk of profit-taking increases, there is a likelihood that ETH price could fall below the $ 2,410 support level.

If there is no bullish catalyst to aid the same rally witnessed between April and May , ETH may breach this support.

VR Score

44

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32

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28

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formal

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English

Language complexity

34

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not offensive

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Time-value

short-lived

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