Ethereum On-Chain Analysis: MVRV-Z Score

Ethereum On-Chain Analysis: MVRV-Z Score

Time to dive back into on-chain analysis with regards to #Ethereum. Specifically, in this video we look at the MVRV-Z score. Can this on-chain metric be useful in helping identify future mania phases? Let’s dive in! Data provided by https://coinmetrics.io/…

bitcoin
Bitcoin (BTC) $ 28,388.61 4.19%
ethereum
Ethereum (ETH) $ 1,796.18 0.35%
tether
Tether (USDT) $ 1.01 0.10%
bnb
BNB (BNB) $ 338.88 0.23%
usd-coin
USD Coin (USDC) $ 1.00 0.17%
xrp
XRP (XRP) $ 0.386117 0.46%
cardano
Cardano (ADA) $ 0.346379 1.04%
matic-network
Polygon (MATIC) $ 1.17 2.22%
staked-ether
Lido Staked Ether (STETH) $ 1,796.09 0.68%
dogecoin
Dogecoin (DOGE) $ 0.074897 0.10%