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strong Ethereum price gainsCoinGape
•Business
Business & Economics
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.
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