Ethereum Mvrv Z-score Free
Following the COVID-19 crash, the Z-Score dropped into the green zone, indicating an incredible accumulation zone. 2021 Double Top: The Z-Score hit high levels ( >3is greater than 3
Z-Score exceeds 6 or 7 . What it means: The market is extremely overheated. The current price is miles above what the average holder paid. New buyers are paying a massive premium. Historically, when the Z-score touches the red zone (above 6), it signals the peak of a bull market. This happened in January 2018, May 2021, and November 2021.
The traditional MVRV ratio simply divides Market Cap by Realized Cap. While useful, it doesn't account for the massive scale differences across market cycles.
Z-Score ↑ 9+ | [============ RED ZONE: Market Overvalued / Macro Top ============] | 4-6 | /\ | / \ /\ 1-3 | / \ / \ /\ |/ \ / \ / \ 0 |--------\/------\----/----\-------------------------------------------> Time | \ / \ / 1. The Red Zone (Market Tops) Ethereum Mvrv Z-score
| Event | Date | MVRV Z-Score Behavior | Subsequent Price Action | |:---|:---|:---|:---| | COVID crash bottom | March 2020 | Deeply negative, entering green zone | Triggered historic bull run | | Post-Terra/Luna bottom | June 2022 | Negative territory capitulation | Accumulation phase followed by recovery | | Accumulation zone entry | October 2023 | Near 0, lowest in months | ETH rallied ~160% toward $4,000 | | Post-ETF launch pullback | July 2024–March 2025 | Consistent undervaluation signals | Whales accumulated, anticipating 2025 upside |
Understanding the Ethereum MVRV Z-Score: A Guide to Crypto Market Tops and Bottoms
Bitcoin's MVRV Z‑Score has declined progressively with each new all‑time high in the current cycle. The metric currently sits below levels observed throughout 2024, despite prices remaining elevated. This pattern suggests that on‑chain strength is diminishing even as nominal prices rise — a divergence that warrants attention. Following the COVID-19 crash, the Z-Score dropped into
Where:
Ethereum is a different beast. You cannot copy-paste Bitcoin’s thresholds onto Ethereum for three key reasons:
[ HIGH Z-SCORE (> 4.0) ] --> 🔴 RED ZONE: Extreme Overvaluation (Market Top) ============================================================================== [ NORMAL RANGE (0.1 - 3.0) ]--> ⚪ Equilibrium / Standard Bull and Bear Growth ============================================================================== [ LOW Z-SCORE (< 0.1) ] --> 🟢 GREEN ZONE: Extreme Undervaluation (Market Bottom) 🔴 The Red Zone (Market Tops) The current price is miles above what the
This guide will cover everything you need to know about the Ethereum MVRV Z-Score:
While the Ethereum MVRV Z-Score is highly reliable, it should not be used as a standalone indicator. Investors must keep the following limitations in mind: