Having said that, a sustained MVRV uptrend depends on ETH staying above $3,000 and macro sentiment remaining risk-on.
Source: Santiment
Are rising social metrics a bullish sign or market noise?
Ethereum’s Social Dominance jumped to 12.76% while Weighted Sentiment hit 3.82—both at multi-week highs.
These spikes typically accompany price movements or narratives gaining traction.
Although rising sentiment often supports price rallies, sharp increases in Social Dominance can sometimes precede local tops, especially if hype outpaces fundamentals.
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