Ethereum's Mayer Multiple Nears Key Threshold

Crypto KOL Ted posted on X that Ethereum's last two cycle bottoms occurred when the 'Mayer Multiple' fell below 0.5. Currently, the Mayer Multiple stands at 0.56, indicating a potential approach to this critical level. The Mayer Multiple is a metric used by traders to assess the value of cryptocurrencies, comparing the current price to the 200-day moving average. A drop below 0.5 has historically signaled a market bottom for Ethereum, suggesting that investors are closely monitoring this indicator for potential buying opportunities.