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.