$ETH UNDERWATER SIGNAL JUST FLASHED AGAIN ⚡

$ETH MVRV Z-Score has dropped near -0.7, the lowest zone seen since 2018, showing most holders are underwater and market value is sitting below average cost basis. Exchange supply moved from accumulation-style outflows into short-term inflows, then stabilized, signaling a transition phase rather than clean confirmation.

Retail attention is fading hard while on-chain value stress is building.

That is where cycles often reset quietly.

But low valuation is a condition, not a trigger. Confirmation needs sustained exchange supply decline, MVRV recovery toward neutral, and consistent buyer absorption.

Not financial advice. Manage your risk.

#ETH #Ethereum #Crypto #OnChain #BinanceSquar

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