This chart highlights three widely-used on-chain signals that can help spot potential market tops for Ethereum:
price_top_stddev: Realized price plus two times the historical standard deviation of the close price
realized_price_x2: 2× realized price
realized_price_x3: 3× realized price
These indicators are commonly referenced by on-chain analysts as resistance or “overheated” zones during bull markets. The price_top_stddev line brings in a volatility perspective, while the 2x and 3x realized price multiples have historically coincided with major cycle peaks and periods of extreme market sentiment.
You can explore these tools directly on the ETH Comprehensive On-chain Market Metrics dashboard—an essential resource for anyone analyzing Ethereum’s cyclical behavior and risk of price tops.
Note: This chart focuses on top signals only and does not include support or floor levels.
Written by CryptoOnchain
