#Ethereum : Why THIS divergence puts $ETH ETH’s $2K at risk!
Extreme greed cuts both ways, and the current market is a clear example.
On the charts, extreme fear is weighing heavily on investor sentiment. The Fear & Greed Index just dropped 7 points to an all-time low of 10, a level that historically aligns with capitulation phases as investors lock in losses.
Ethereum’s [ETH] on-chain metrics reflect this pressure. Its MVRV-Z score (Market Value to Realized Value) has hit -0.42, indicating the market value is significantly below realized value and holders are, on average, at a loss.
That said, there’s still some room before extremes.
As the chart above shows, Ethereum’s all-time low MVRV-Z was -0.76 back in 2018. From a technical standpoint, this means that while the market is clearly stressed, it hasn’t yet reached historical capitulation levels.
