Cryp2Nova

MVRV Z Score

Ethereum

The MVRV Z-Score standardizes the MVRV into standard-deviation units around its historical mean.

Why it matters

It normalizes the MVRV so its extremes compare directly across cycles.

How it is built

Current MVRV minus its long-run mean, divided by its standard deviation, gives a zero-centred oscillator.

What to watch

High positive readings mark overvaluation and top risk; deep negative readings mark undervaluation and accumulation.

Measured on this chain

MVRV Z Score on Ethereum last read 302.45B on Aug 24, 2026, a change of +32.47% over 30 days, ranging from 177.68B (Apr 8, 2025) to 584.41B (Aug 22, 2025).

Latest reading
302.45B
Aug 24, 2026
Change
1d +1.33%
30d +32.47%
90d +19.97%
1y -47.71%
Range
Low 177.68B·Apr 8, 2025
High 584.41B·Aug 22, 2025
Coverage
Jun 16, 2024Aug 24, 2026
800 readings
Recent readings
DateValue
Aug 13, 2026229.23B
Aug 14, 2026228.96B
Aug 15, 2026229.75B
Aug 16, 2026229.91B
Aug 17, 2026232.9B
Aug 18, 2026233.46B
Aug 19, 2026254.55B
Aug 20, 2026283.55B
Aug 21, 2026295.74B
Aug 22, 2026296.24B
Aug 23, 2026298.5B
Aug 24, 2026302.45B

Read from our own stored series, not quoted from a page.

Related metrics