coin-img-ETHETH-1.03%coin-img-BTCBTC-1.07%coin-img-SOLSOL-2.96%coin-img-XRPXRP-3.71%coin-img-ULTIMAULTIMA+2.31%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-2.65%coin-img-TONCOINTONCOIN+0.14%coin-img-ETHETH-1.03%coin-img-BTCBTC-1.07%coin-img-SOLSOL-2.96%coin-img-XRPXRP-3.71%coin-img-ULTIMAULTIMA+2.31%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-2.65%coin-img-TONCOINTONCOIN+0.14%coin-img-ETHETH-1.03%coin-img-BTCBTC-1.07%coin-img-SOLSOL-2.96%coin-img-XRPXRP-3.71%coin-img-ULTIMAULTIMA+2.31%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-2.65%coin-img-TONCOINTONCOIN+0.14%coin-img-ETHETH-1.03%coin-img-BTCBTC-1.07%coin-img-SOLSOL-2.96%coin-img-XRPXRP-3.71%coin-img-ULTIMAULTIMA+2.31%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE-2.65%coin-img-TONCOINTONCOIN+0.14%

Ethereum MVRV ZScore Falls to 0.64, Below 2022 and 2025 Lows

Ethereum's MVRV ZScore dropped to 0.64 in early 2026, sliding below key lows recorded in 2022 and 2025, onchain data from Santiment and analyst TeddyVision show. The metric indicates ETH is trading well below its perceived fair-value cost basis, with 180-day and 365-day MVRV ratios moving into zones historically linked to market stress. Many mid- to long-term holders now face unrealized losses, while stablecoin balances in whale wallets climbed to a six-month high, which Santiment notes may reflect larger players rotating into cash ahead of a clearer reversal signal.
ETH
ETH-1.11%
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