This metric combines on-chain and market data to provide multiple key indicators for analyzing Ethereum’s historical price behavior. Each indicator represents a different statistical “price floor” for the ETH market. The main outputs visualized in the chart are:
1. realized_price: The average price at which all circulating ETH tokens last moved on-chain.
Usage: Serves as a psychological and behavioral market floor, and as a large-scale profit/loss baseline.
2. close_price: Ethereum’s daily closing price on the open market.
Usage: The main benchmark for real price action, allowing direct comparison with on-chain price floors.
3. mean_price_classic: The average closing price of ETH from inception up to each specific day (cumulative mean).
Usage: Represents the historical market mean and directly contributes to the delta price calculation.
4. delta_price_classic: The per-coin difference between Ethereum’s realized cap and historical mean cap, normalized by circulating supply.
Usage: A well-known statistical floor in Bitcoin analytics, designed to highlight deeply “undervalued” market zones; for Ethereum, it serves as a complementary floor to the realized price (matching the purple line in your chart).
You can explore these tools directly on the ETH Comprehensive On-chain Market Metrics dashboard
Written by CryptoOnchain
