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ETH's MVRV indicator has dropped to 0.87, a new low since December 2022."

According to online reports, according to data from IntoTheBlock, an online data analysis platform, Ethereum's market-to-realized value ratio (MVRV) has dropped to 0.87, the lowest level since December 2022. MVRV is an important indicator to measure market sentiment for crypto assets, and current values may indicate that ETH is in a relatively underestimated range.

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