Ethereum Mvrv Z-score Jun 2026

Ethereum is not Bitcoin. It has a different monetary policy (inflationary until EIP-1559 and The Merge), a different utility (gas fees, staking, DeFi), and a different holder profile. Yet the MVRV Z-Score works remarkably well for ETH due to three psychological constants:

By normalizing the data using standard deviations, the Z-score filters out the noise and visualizes the extremity of the price movement. It essentially asks: “How abnormal is the current price compared to the historical average?” Ethereum Mvrv Z-score