ETH: SLRV Ribbons

Shown as its 2019–2022 sample; the latest readings and full history are included with Plus.

The short-to-long-term realized value ratio (SLRV) of ether: the realized value of the coins moved within the last day divided by that of the coins last moved 6 to 12 months ago, with its 30- and 150-day averages.

Why use it. It compares the capital turning over today with the capital that has sat for half a year to a year: when the fresh money grows against the settled money, speculation is heating up. How to read it. The 30-day average crossing above the 150-day average has marked rising speculative activity, crossing below it cooling. The ratio is small and noisy; read the averages.

Calculation. SLRV = the 24-hour band ÷ the 6–12 month band of Realized Cap by Age, each day; ribbons are its simple averages of the last 30 and 150 days. Computed from the published Ethereum Issuance, Burned Supply, Supply by Age and Realized Cap by Age charts of our own archive node: coin age and cost basis follow each address's own coins first in, first out, so moves between one owner's addresses count as spends; ETH staked on the consensus layer is not included. Closed UTC days only, recomputed every hour; values take the finality of their inputs.