The is an on-chain metric used to identify whether Ethereum is overvalued or undervalued relative to its "fair value". As of April 2026 , the score has dropped to -0.42 , signaling a period of market capitulation and potential undervaluation. Financial Snapshot: Ethereum (ETH) 1 ETH equals As of Apr 16, 7:45 PM EDT • Disclaimer Apr 16, 2026 Understanding the MVRV Z-Score
: The total value of all coins based on the price when they were last moved on-chain. Standard Deviation ( A measure of the historical variance in market cap data. 2. Identifying Market Extremes
Analysts debate whether Ether has capitulated or has further to fall
