Ethereum is a different beast. You cannot copy-paste Bitcoin’s thresholds onto Ethereum for three key reasons:
❌ Not a short-term timing tool ❌ Less accurate in regime shifts (PoS, L2 scaling) ❌ Can stay overvalued longer than expected Ethereum Mvrv Z-score
When the Z-Score screams above 4.0, the crowd is euphoric, and risk is maximum. When it dips below 0, the news is terrifying, but the opportunity is generational. Ethereum is a different beast