Mayer Multiple Supports Ether Rally
The Mayer Multiple is the ratio between the current price and the 200-day moving average. We can apply this ratio to Ether: the blue line in the lower chart.
Ether’s Mayer Multiple reached 7.3 during the 2017-2018 bull market and later hit 3.4 at the previous all time high. In this bull market, Eth shows a Mayer Multiple of only 2.4. This multiple suggests that the bull market for ETH has runway to go higher.
Ether’s Mayer Multiple reached 7.3 during the 2017-2018 bull market and later hit 3.4 at the previous all time high. In this bull market, Eth shows a Mayer Multiple of only 2.4. This multiple suggests that the bull market for ETH has runway to go higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.