Ethereum News Today: Ethereum Nears Seven-Year MVRV Resistance as ETF Inflows and Wallet Growth Surge 61%

Ethereum’s MVRV (Market Value to Realized Value) metric is nearing a significant seven-year resistance line that has remained intact since 2018, signaling a potential turning point in the cryptocurrency’s long-term market structure [1]. Analyst Burak Kesmeci notes that this critical trendline has historically constrained price advances, making its current proximity a key focus for investors [1]. Institutional demand, fueled by recent inflows into Spot Ethereum ETFs, has played a pivotal role in pushing Ethereum’s price upward by 184% in recent weeks [1]. Despite some profit-taking near the MVRV resistance level, Ethereum has remained above the SMA365 support, indicating resilience in its upward trajectory [1].

Retail investor engagement is also surging, with new Ethereum wallet addresses increasing by 61% in just four days [1]. This sharp rise in onboarding activity reflects growing confidence among individual investors and highlights the broader appeal of Ethereum as both a speculative and institutional asset. The convergence of strong institutional buying, ETF inflows, and rising retail participation suggests a shift in Ethereum’s market dynamics [1].

The MVRV metric itself serves as an important gauge of market sentiment, measuring the ratio between Ethereum’s market value and its realized value. When the MVRV approaches long-term resistance, it often signals a critical juncture for the asset—either a breakout or a reversal [1]. In this case, the fact that Ethereum has not broken above this resistance for over seven years makes the current situation especially noteworthy. If the price continues to hold above the SMA365 support level, it could indicate a sustained upward trend driven by institutional capital and increasing retail demand [1].

The recent surge in Ethereum’s price and investor activity has been largely attributed to the influx of capital through Spot Ethereum ETFs. These products have attracted substantial institutional interest, contributing to both liquidity and price appreciation [1]. The continued inflows suggest that institutional investors are viewing Ethereum as a viable addition to traditional asset portfolios, which could further solidify its role in the broader financial markets.

The 61% increase in new wallet addresses over a four-day period is particularly telling, as it suggests a broader base of retail support for Ethereum. Historically, such spikes in wallet activity have coincided with positive price trends and heightened market confidence [1]. The combination of institutional and retail momentum appears to be strengthening Ethereum’s position, potentially paving the way for a sustained breakout above the seven-year resistance level.

As the market watches for confirmation of a potential trend reversal, analysts are closely monitoring Ethereum’s ability to hold key support levels. The continued inflows into Spot ETFs, along with rising on-chain activity, indicate that Ethereum is gaining traction across multiple investor segments. If this trend continues, it could signal a fundamental shift in Ethereum’s long-term trajectory.

[1] Source: [1]Ethereum MVRV Nears Seven-Year Resistance Amid Spot ETF Inflows and Rising Investor Activity (https://en.coinotag.com/ethereum-mvrv-nears-seven-year-resistance-amid-spot-etf-inflows-and-rising-investor-activity/)