When the Z-score hits a peak, gravity takes over, and the price is pulled back toward the realized price. Conversely, when the Z-score hits a bottom, the undervaluation attracts capital, pushing the price upward.
When interpreting Ethereum's MVRV Z-Score, it's essential to consider the following: Ethereum Mvrv Z-score
The MVRV Z-score visualizes these phases with distinct bands: When the Z-score hits a peak, gravity takes