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ETH Z-Pulse | QuantumResearch

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ETH Z-Pulse | QuantumResearch

📉 Ethereum On-Chain Z-Score Composite for Trend Detection

ETH Z-Pulse is a custom on-chain valuation indicator developed by QuantumResearch, designed to identify key trend shifts in Ethereum based on three powerful on-chain metrics: NUPL, SOPR, and MVRV. It computes a composite Z-Score signal to detect statistically significant bullish or bearish phases in the market.

🔍 Core Components:

📈 NUPL Z-Score — Measures Unrealized Profit/Loss using Glassnode’s Market Cap vs. Realized Cap
📊 SOPR Z-Score — Spent Output Profit Ratio smoothed with an EMA filter
📉 MVRV Z-Score — Market Value to Realized Value comparison for Ethereum

The result is a single composite oscillator (On_chainz) that dynamically signals trend strength and valuation extremes.

⚙️ Signal Logic:

Bullish (Long Bias): When the composite Z-Score > +0.83
Bearish (Short Bias): When the Z-Score < -0.58
Neutral Zone: Values between thresholds (continuous signal)

Color-coded plots and chart bars visually highlight trend shifts and help distinguish accumulation vs. distribution phases.

🧠 Use Case:
Ideal for:

Long-term investors looking to assess ETH valuation cycles
Swing traders seeking macro trend confirmation
Analysts comparing on-chain signals with technical setups

📌 Technical Notes:
Requires on-chain data feeds from Glassnode and CoinMetrics
Designed specifically for Ethereum (ETH) on daily timeframe
Customizable Z-Score lengths for fine-tuning
Non-overlay indicator

⚠️ Disclaimer:

This tool is for educational and research purposes only.
Past performance is not indicative of future results.
On-chain metrics are probabilistic, not predictive. Always combine with other forms of analysis and risk management.
Not financial advice.
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