MVRV Z-Score shows that Ethereum has entered the surrender zone, but we need to know the data: recent low: -0.42, historical low in 2018: -0.76.

Although we are in the bottom area, the strength is still insufficient compared to the extreme bottoms of 2018 and 2022.

History shows that before forming a true structural bottom, the market still has room for further decline #ETH #加密市场观察

ETH

2,000.78

+1.62%