ETH Fidelity Vision

ETH onchain data showcasing key Fidelity indicators. Chart layout displaying Ethereum on-chain indicators: MVRV Z-Score, Percent of Supply in Profit, 30-day Active Addresses, Network Growth, and Annual Inflation Rate. Measures: MVRV Ratio (Z-Score); Percent of Total Supply in Profit; Active Addresses (30d); Network Growth (new addresses); Annual Inflation Rate. Reflects: Valuation extremes, holder profitability, network activity, user adoption, and supply expansion dynamics. Interpretation: ↑ MVRV Z-Score → potential overvaluation · ↓ → potential undervaluation | ↑ Supply in Profit → broad holder gains · ↓ → widespread unrealized losses | ↑ Active Addresses / Network Growth → network growth · ↓ → declining activity | ↑ Inflation → rising supply expansion · ↓ → tighter issuance Context: Commonly analyzed alongside price structure to assess cycle positioning. Tags: Category: On-chain Metric | Signal Type: Valuation / Network Activity | Market Scope: Network-level