Glassnode: After Ethereum’s New High, Investors Hold Over 2.15x Unrealized Gains on Average

According to ChainCatcher, Glassnode posted on social media that as Ethereum reached a new all-time high, its MVRV ratio has climbed to 2.15. This indicates that, on average, investors are currently holding more than 2.15 times their unrealized gains.

This level is similar to the market conditions seen in March 2024 and December 2020—both periods were followed by increased volatility and intensified profit-taking.