Market Capitalization Realized Value (MVRV), a measure used to determine whether the value of Ethereum (ETH) is over-rising or not, is increasing rapidly. CryptoQuant CEO Ki Young Ju noted that Ethereum's MVRV is increasing rapidly, but this comes with an increase in transaction volume and active addresses on the Ethereum network.

MVRV indicates whether an asset is trading above or below its fair price. Ethereum's MVRV increased by 29.9% in the last 30 days, reaching 91.43%, while Bitcoin's MVRV decreased by 10.8%, reaching 127.41% in the same period.

A high MVRV indicates that Ether's market value is higher than its realized value - that is, it is overvalued - and this can create fears of a potential sell-off in the future. However, Ju suggests that while spot Ether ETFs are expected to be traded soon, the high MVRV will not scare investors away.

Ethereum's market dominance is also increasing significantly, rising 6.62% over the past seven days. At the time of publication, Ethereum's dominance is 18.8%, while Bitcoin's dominance is 55.31%.

What do you think about this? Will Ethereum's rise continue or are we expecting a correction? We are waiting your comments!#Ethereum#CryptoNews