According to Odaily Planet Daily, CryptoQuant CEO Ki Young Ju said that although Ethereum MVRV is rising rapidly, the transaction volume and active addresses on the Ethereum network are also increasing, indicating that it may not be overvalued. Ju wrote in an article on June 19: "ETH MVRV is rising faster than BTC MVRV, which shows that the ETH market is heating up relative to its on-chain fundamentals." MVRV indicates that an asset is trading above or below its fair price, essentially the difference between the price a user pays for an asset and the current market price. Santiment data shows that in the past 30 days, Ethereum MVRV has risen 29.9% to 91.43%, while Bitcoin MVRV has fallen 10.8% to 127.41% during the same period.