📉 $ETH undervalued? MVRV Z-Score confirms — Glassnode

🔹 As of May 15, the MVRV Z-Score for $ETH is 0.42 at a price of $2,548.

This is a zone of historical undervaluation — in the past, similar levels preceded phases of growth.

📊 What this means:

— Market price ≈ realized value → speculative overheating is absent

— In 2021, Z-Score >6 → this coincided with the cycle peak

— Currently, investors are entering without FOMO — long-term

📈 Given the current backdrop (ETF, activity in L2, institutions), $ETH may be on the brink of a new revaluation. The potential return to $3,000+ remains strong.