$ETH ON-CHAIN VALUE SIGNAL HITS 2018-STYLE EXTREME 📊

$ETH MVRV Z-Score has fallen near -0.7, a level associated with holders trading below aggregate cost basis and historically seen during deep accumulation phases. Exchange supply trends suggest a transition from accumulation to short-term distribution, now stabilizing into an indecision zone.

Social attention has also cooled sharply, with retail participation fading as valuation metrics enter historically discounted territory. Low valuation is a condition, not confirmation; stronger evidence would require sustained exchange outflows, improving MVRV, and consistent buyer absorption.

Not financial advice. Manage your risk.

#ETH #Ethereum #Crypto #OnChain #BinanceSquare

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